Great Depression 1929
The Great Depression was a multi-year collapse of output, prices, and banks after the 1929 crash, amplified by the gold standard, Fed errors, and a wave of bank failures — the defining 20th-century crisis.
Definition
Great Depression 1929 refers to year collapse of output, prices, and banks after the 1929 crash, amplified by the gold standard, Fed errors, and a wave of bank failures — the defining 20th-century crisis. Keep that definition fixed when comparing series, managers, or regimes — renaming the same tape does not create a new signal.
Why it matters
It is a named object desks use to frame risk, positioning, or process. When year collapse of output, prices, and banks after the 1929 crash, amplified by the gold standard, Fed errors, and a wave of bank failures — the defining 20th-century crisis shifts, related hedges, limits, and narratives usually need an explicit update rather than a quiet assumption.
Case
Suppose a desk is positioned for the opposite of what great depression 1929 is saying. If year collapse of output, prices, and banks after the 1929 crash, amplified by the gold standard, Fed errors, and a wave of bank failures — the defining 20th-century crisis moves against that book, the first question is not “is the story clever?” but whether size, hedges, and stop logic still match the observation.
How to read it
Keep the definition fixed, then challenge it with cross-checks before sizing. Prefer a short written null hypothesis for Great Depression 1929: what would falsify the current reading in the next window?