Depression - Economics

Economics

  • Depression (economics), a sustained, long-term downturn in economic activity in one or more economies
    • Great Depression, a severe economic depression during the 1930s, commonly referred to as simply the depression
    • Long Depression, an economic depression during 1873–96, known at that time as the Great Depression

Read more about this topic:  Depression

Famous quotes containing the word economics:

    I am not prepared to accept the economics of a housewife.
    Jacques Chirac (b. 1932)

    The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.
    James Thurber (1894–1961)

    Women’s battle for financial equality has barely been joined, much less won. Society still traditionally assigns to woman the role of money-handler rather than money-maker, and our assigned specialty is far more likely to be home economics than financial economics.
    Paula Nelson (b. 1945)