名词解释：the great depression

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The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in about 1929 and lasted until the late 1930s or early 1940s. It was the longest, most widespread, and deepest depression of the 20th century, and is used in the 21st century as an example of how far the world's economy can decline. The depression originated in the United States, starting with the stock market crash of October 29, 1929 (known as Black Tuesday), but quickly spread to almost every country in the world.

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the great depression：the severe economic problems that followed the Wall Street Crash of 1929. In the early 1930s, many banks and businesses failed, and millions of people lost their jobs in the US and in the UK and the rest of Europe.

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