Great Depression(redirected from The depression and the new deal)
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Great Depressionthe DEPRESSION that was experienced by many countries in the decade 1929–39. The Great Depression was associated with very high UNEMPLOYMENT levels and low production and INVESTMENT levels in North America and Europe, and with falling levels of INTERNATIONAL TRADE.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005