Reference Entry

depression

Edited by Jonathan Law and John Smullen

in A Dictionary of Finance and Banking

Fourth edition

Published in print January 2008 | ISBN: 9780199229741
Published online January 2008 | e-ISBN: 9780191726668
depression

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An extended or severe period of recession. Depressions occur infrequently. The most recent Great Depression occurred in the 1930s;

Reference Entry.  64 words. 

Subjects: Financial Institutions and Services

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