depression of trade

His father was then in prosperous circumstances, but the depression of trade caused by the war of 1812 brought about his failure.

Bad Times: an essay on the depression of trade, tracing it to its sources in enormous foreign loans, excessive war expenditure, the increase of speculation and of millionaires, and their depopulation of the rural districts; with suggested remedies.

Three years later, when the depression of trade struck in 1907, the laying out of the park was started - this became a source of employment for a number of practical gardeners from the area, with a total of 2,798 men being employed.

Situation after situation failed him; then followed the depression of trade, and for months he had hung round with other idlers, playing marbles all day in the West Park, and going home at night to tell his landlady how he had been seeking for a job.