158. What was the Great Depression? (English Vocabulary Lesson)

Support the Podcast and Join my Patreon HERE -- https://www.patreon.com/thinkinginenglish CLICK HERE TO DONATE OR SUPPORT THE PODCAST!!!! - https://thinkinginenglish.blog/donate-and-support/ With the world currently experiencing a variety of economic problems, I thought it would be interesting to look at the worst economic crisis in modern history! What was the Great Depression? What caused it? And how did it end? Let’s discuss these questions and more on today’s episode on Thinking in English! TRANSCRIPT --- https://thinkinginenglish.blog/2022/07/06/what-was-the-great-depression/ You may also like... 157. Why Do Countries Change Their Names? (English Vocabulary Lesson) 156. Should Owning a Dog Be Illegal!?!? (English Vocabulary Lesson) 155. What is an Endangered Language? (English Vocabulary Lesson) INSTAGRAM - thinkinginenglishpodcast (https://www.instagram.com/thinkinginenglishpodcast/)  Blog - thinkinginenglish.blog Vocabulary List Recession (n) – a period when the economy of a country is not successful and conditions for business are bad for months Much of the world fell into recession after the stock market crash in 2007 Depression (n) – a serious economic crisis in which there is very little business activity and little employment for years The world plunged into depression in the 1930s Downturn (n) – a reduction in the amount or success of something, such as the economy There is evidence of a downturn in the housing market Recklessly (adv) – in a way that is dangerous and shows that you are not thinking about the risks and results of behaviour She spends her money recklessly Production (n) –making or growing goods to be sold Wheat production has fallen over the past 6 months To trade (v) – buying and selling shares on the stock exchange The volume of stocks traded today was unusually high Makeshift (adj) – temporary and of low quality, but used because of sudden need Thousands of refugees are living in makeshift camps To stimulate (v) – to encourage something to grow, develop, or become active The government plans to cut taxes to stimulate the economy To devalue (v) – to reduce the rate at which money can be exchanged for foreign money The British pound was devalued and it caused a major economic crisis --- Support this podcast: https://podcasters.spotify.com/pod/show/thinking-english/support Learn more about your ad choices. Visit megaphone.fm/adchoices