The Great Contraction is
Friedman labelled it thus because he believed that the depression lasted so long due to the
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Great Depression — the economic crisis and period of low business activity in the U.S. and other countries, roughly beginning with the stock market crash in October, 1929, and continuing through most of the 1930s. * * * or Depression of 1929 Longest and most severe … Universalium
Great Depression — This article is about the severe worldwide economic downturn in the 1930s. For other uses, see The Great Depression (disambiguation) … Wikipedia
Contraction (grammar) — This article is about contraction in the grammar of modern languages, which involves elision. For contraction in Ancient Greek, the coalescence of two vowels into one, see crasis. For the linguistic function of pronouncing vowels together, see… … Wikipedia
Contraction — A phase of the business cycle in which the economy as a whole is in decline. More specifically, contraction occurs after the business cycle peaks, but before it becomes a trough. According to most economists, a contraction is said to occur when a … Investment dictionary
Great Race of Yith — The Great Race of Yith are aliens in the Cthulhu Mythos of H. P. Lovecraft. They first appeared in Lovecraft s short story The Shadow Out of Time (1936). They are called the Great Race because they are the only beings to have mastered time travel … Wikipedia
Great Central Main Line — The Great Central Main Line (GCML), also known as the London Extension of the Manchester, Sheffield and Lincolnshire Railway was a main railway line in England that linked Sheffield with Marylebone Station in London via Nottingham and Leicester.… … Wikipedia
Great St Bernard Pass — This article is about the mountain pass. For other uses, see Saint Bernard (disambiguation). Great St Bernard Pass Col du Grand Saint Bernard View of the south side from the monastery … Wikipedia
Great Depression in Canada — Canada was hit hard by the Great Depression. Between 1929 and 1933, the gross national product dropped 40% (compared to 37% in the US). Unemployment reached 27% at the depth of the Depression in 1933. Many businesses closed, as corporate profits… … Wikipedia
Great North Wood — The Great North Wood was a natural oak forest that covered most of the area of raised ground starting some four miles (6 km) south of central London, covering the Sydenham Ridge and the southern reaches of the River Effra and its tributaries. At… … Wikipedia
Causes of the Great Depression — The causes of the Great Depression are still a matter of active debate among economists. The specific economic events that took place during the Great Depression have been studied thoroughly: a deflation in asset and commodity prices, dramatic… … Wikipedia
