also called the Great Depression, the great slowdown in the Americaneconomy, the worst in the country's history, which began in 1929 and lasted until the early 1940s. Many banks and businesses failed, and millions of people lost their jobs. —The Dynamics of Life Film Glossary (Approved)
DEPRESSION
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also called the Great Depression, the great slowdown in the Americaneconomy, the worst in the country's history, which began in 1929 and lasted until the early 1940s. Many banks and businesses failed, and millions of people lost their jobs.a period which began in 1929 and lasted through most of the 1930s. During this timebusiness, employment and stockmarketvalues declined severely and remained at a very low level of activity. Also called "the Great Depression."