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The term 'Great Depression' is a proper noun, the name of a specific period of the twentieth century; the name of a specific thing.

Examples of other periods in history that have risen to the level of importance that are considered proper nouns are the Great Famine (1845-1849) in Ireland or the Thirty Years War (1618-1648) in Europe.

A proper noun is always capitalized.

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8y ago

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