the Great Depression
/ðə ˌɡreɪt dɪˈpreʃn/
/ðə ˌɡreɪt dɪˈpreʃn/
(also the Depression)
- the period of severe economic failure in most countries of the world that lasted from 1929 until the Second World War. It began in the US when the New York Stock Exchange fell on 29 October 1929, known as Black Tuesday. Many businesses and banks failed and millions of people lost their jobs. President Franklin D Roosevelt improved the situation with his New Deal policy, but the Great Depression was only ended by industrial production for the war.
大萧条：从1929年到第二次世界大战期间，世界上大多数国家都经历了严重的经济衰退。它始于美国，当时纽约证券交易所于1929年10月29日倒闭，即黑色星期二。许多企业和银行倒闭，数百万人失业。总统富兰克林·罗斯福（Franklin D Roosevelt）通过他的新政政策改善了局势，但是大萧条仅仅因为战争的工业生产而告终。