An economic condition characterized by a significant decrease in business activity, falling prices, reduced purchasing power, excess supply over demand, rising unemployment, accumulating inventories, deflation, plant contraction, public fear, and caution.
The Great Depression was a severe worldwide economic depression that took place during the 1930s, starting in the United States. The timing of the Great Depression varied across nations; in most countries, it started in 1929 and lasted until the late 1930s or early 1940s.
The collection of political and economic policies and programs promulgated by the first two administrations of the presidency of Franklin D. Roosevelt. The New Deal policies were aimed at combating the economic miseries of the Great Depression.
A comprehensive guide on the multifaceted usage and implications of the term 'run' across different domains such as banking and computers.
The Social Security Act, a cornerstone of the federal retirement plan enacted by Congress in 1935, was designed to create a system where the current working generation finances the retirement of older workers. This program was a response to the socioeconomic challenges posed by the Great Depression.
