depression - definition in the Business English Dictionary - Cambridge Dictionaries Online

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “depression”

See all translations

depression

noun [C or U]
 
 
/dɪˈpreʃən/ ECONOMICS
a recession (= time of low economic activity, when investments lose value, businesses fail and people lose their jobs) that lasts for a long period of time, usually several years: plunge/slide into depression The Thirties saw the world plunge into depression. The Wall Street Crash of 1929 brought severe economic depression and hardship to Canada. This was a period of deep depression. For most of the 20th century, economists focused on understanding and controlling inflation and depressions. New mines are being developed and old mines reopened, lifting communities across Northern Nevada out of the depression left by the industry's last crash. →  Compare boom , recession , slump
the Depression ( also the Great Depression) the period in the years after 1929 until the middle of the 1930s, or, in some cases, the 1940s, when there was a very low level of economic activity in the US, Europe, and many other countries. Many people lost their jobs and were very poor: The Federal Home Loan Bank system was created in the 1930s by the federal government to stimulate lending during the Depression. →  Compare Wall Street Crash
(Definition of depression from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of depression?
Add Cambridge dictionaries to your browser to your website

Definitions of “depression” in other dictionaries

Word of the Day

air force

the part of a country's military forces that uses aircraft and fights in the air

Word of the Day

Go ahead! (Phrasal verbs with ‘go’)

by Kate Woodford,
May 06, 2015
​​​ Every few weeks, we focus on phrasal verbs that are formed with a particular verb. This week, we’re looking at phrasal verbs that start with the verb ‘go’. As ever, we present a range of the most useful and common phrasal verbs. Some of the most common ‘go’ phrasal verbs are easy

Read More 

Evel abbreviation

May 04, 2015
English votes for English laws; the idea that only English (as opposed to Scottish, Welsh or Irish) MPs should be allowed to vote for laws that affect only England Yet these are the two principal constitutional proposals that have come from the Conservative party in its kneejerk response to Ukip’s English nationalism and

Read More