depression

(noun)

a period of major economic contraction

Related Terms

  • monetary policy
  • Federal Reserve System

Examples of depression in the following topics:

  • Introduction to the Federal Reserve

    • Events, such as the Great Depression, were major factors leading to changes in the system.
  • Additional costs that result from waste

    • Expenses associated with laying off employees (or negative job growth in general) include loss of investment in human capital and skills (particularly in individuals that have been unemployed for a long time), social and economic deprivation (rises in crime, depression, divorce, family break-ups, poor health, lower life expectancy, etc.), and a reduction in regional and national economic growth potential (particularly from the one–two punch of fewer tax revenues along with increased government spending designed to spur growth).
  • Work environments and people

    • Additional studies have revealed that prolonged exposure to artificial light decreases antibody activity, increases infections and colds, and results in depression.
  • Equal Pay Act

    • It depresses wages and living standards for employees necessary for their health and efficiency.
  • International Exchange of Money

    • After the depression in the 1930s, many systems were tried, but the developed world chose to switch back to a fixed exchange rate system after WW II.
  • The illusion of control

    • Eliminate control and people experience depression, stress and even the onset of disease.
  • Maslow's Hierarchy of Needs

    • Without these connections, many people become susceptible to loneliness, social anxiety, and clinical depression.
    • Psychological imbalances, such as depression, can prevent one from obtaining self-esteem on both levels.
  • A Brief History of Organized Labor

    • The union grew slowly until the economic depression of the 1870s, when large numbers of workers joined the organisation.
  • Mixed Economies

    • It also served as the economic model during the later part of the Great Depression, World War II, and the post-war economic expansion (1945–1973), though it lost some influence following the tax surcharge in 1968 and the stagflation of the 1970s.
  • The Business Cycle

    • A "severe recession" is called a depression.
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