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affected by economic depression

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  • Depression (economics) — The stock market crash of 1929 marked the start of the greatest depression in modern history with some effects felt through 1945. In economics, a depression is a sustained, long term downturn in economic activity in one or more economies. It is a …   Wikipedia

  • Depression of 1920–21 — A 1919 parade in Minneapolis for soldiers returning home after World War I. The upheaval associated with the transition from a wartime to peacetime economy contributed to a depression in 1920 and 1921. The Depression of 1920–21 was an extremely… …   Wikipedia

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  • economic stabilizer — Any of the institutions and practices in an economy that serve to reduce fluctuations in the business cycle through offsetting effects on the amounts of income available for spending (disposable income). The progressive income tax, unemployment… …   Universalium

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