Depression , in Economics
Encyclopedia article; The Columbia Encyclopedia, Sixth Edition, 2009
DEPRESSION , in economics in economics, period of economic crisis in commerce, finance, and industry, characterized by falling...profitable investment outlets, overexpansion of commerce, industry, or agriculture, a stock-market crash, the failure of a great banking or industrial firm, or war may be among the precipitating factors of a downturn. In antiquity, and even up to the...