Great Depression

(redirected from World depression)
Also found in: Dictionary, Thesaurus, Encyclopedia.

Great Depression

the 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.
References in periodicals archive ?
Although the world depression should have increased the responsibility of the Romanian political market and should have ceased the permanent political disagreements in favor of orienting the political decision-markers towards active measures in the economy, unfortunately they lacked.
(4) Brown casts the book, with unwarranted modesty, as above all an attempt to revisit his well-known, two-decade-old article, 'Rural distress in Southeast Asia during the world depression of the early 1930s: A preliminary reexamination'.
Washington's polemics, Hurston's words are best understood in the context of the world depression which produced a tension between racial and class affiliations for many black American intellectuals.
The intense isolation, especially in desolate country towards the end of a long trek, could produce bouts of depression when anxieties surfaced - over adverse comments by his superiors, or a decision not to interfere in a particular tribal matter, or indeed about his own future when the service was considering a 20 per cent retrenchment to counter the financial impact of world depression.
The world depression, as well as rising fascist and communist sentiments, both of which had seized the initiative throughout Europe, made prospects for Spanish democracy doubtful despite the king's April 1931 abdication.
The concluding essay, "This Persistent Evangel of Americanism," surpasses the recent description of Roosevelt's internationalism offered by Arthur Schlesinger(7) in defining the President's guiding principles: that recent European leadership had failed and the locus of power had shifted to the USSR; the United States offered an economic and political model which was clearly successful as demonstrated by its victory over world depression and war; and in recurrent echoes of Wilsonianism in Roosevelt's diplomacy-stability and security for the United States could only be achieved on a world-wide scale.
As a bedside reader for the wee small hours the mighty issues of the modern world raised in Picnics on Vesuvius in a forthright common sense style should be no help to the insomniac as the distinguished author takes on the world depression of the 1990s, the AIDS threat, the decline of the United States, the rise of China, the collapse of traditional moral values and religious faith, and the way in which the socialist alternative to religion has lost its way if not its soul.
While the classical liberalism of Locke and Mill sought the maximum freedom of individuals against interference from the state, the emphasis was moved from |negative' to |positive' liberty by the social-minded |new liberalism', fostered by world war and world depression, which viewed the state as an enabling institution promoting equality of opportunity.
This transformed an imminent world depression into a mild recession with Britain even enjoying fragile growth by the 2010 election.
In fact Gordon Brown prevented a world depression through his immense leadership during this period at the London G20 whilst the Tories would have done nothing.
Many so-called progressive North American commentators and not a few Latin American writers have ignored the most elementary features of US foreign policy, and focused exclusively on the highly deceptive rhetoric of "change" and "new beginnings." A serious understanding of US foreign policy toward Latin America requires a discussion of the main objectives of the Obama regime, the global priorities of imperial policy in times of multiple wars and world depression.
But after a two-hour Congress meeting yesterday they were said to have agreed it - following a stark warning from President Bush that failing to do so risked triggering a 1930s-style world depression.

Full browser ?