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For most people, it was. But the term "depression" describes an economic condition, not an emotional one. Any "depression" is a strong decrease in the amount of economic activity in a country or region, leading to lower production, lower employment, and lower capital investment. On a chart of such activity, the "depressed" part of the cycle is the deeply-lower "V" shaped area, where the economy dipped and then rebounded.

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15y ago

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