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Early 1940s wage compression in the United States
The Great Compression refers to the period of substantial wage compression in the United States that began in the early 1940s. During that time, economic
Great_Compression
1950-1980 (a period named the Great Compression), followed by increasing inequality, in what has been coined as the great divergence. The U.S. has the
Income inequality in the United States
Income_inequality_in_the_United_States
Russian-American scientist (born 1957)
call the Great Compression, economic equality narrowed, except among Black Americans... But by the nineteen-eighties the Great Compression was over.
Peter_Turchin
Ongoing theorised stock market bubble
United States Post–WWII expansion/ 1970s stagflation (1945–1982) Great Compression 1945 recession Recession of 1949 (1948–1949) Hong Kong and Singapore
AI_bubble
Coldest recorded winter in Europe
The Great Frost, as it was known in England, or Le Grand Hiver ("The Great Winter"), as it was known in France, was an extraordinarily cold winter in Europe
Great_Frost_of_1709
2007–2009 international economic decline
The Great Recession was a period of market decline in economies around the world (particularly in the western world and associated countries) that occurred
Great_Recession
Group or class of persons enjoying superior status
call the Great Compression, economic equality narrowed, except among Black Americans... But by the nineteen-eighties the Great Compression was over.
Elite
Mechanism of some diesel engines
compression stroke ends, releasing the compressed gas trapped in the cylinders. The compression followed by the "wasteful" release consumes a great amount
Compression release engine brake
Compression_release_engine_brake
Period of rapid progress in AI
AI Arms Race Is Changing Everything". Time. "A Race to Extinction: How Great Power Competition Is Making Artificial Intelligence Existentially Dangerous"
AI_boom
Worldwide economic depression (1929–1939)
The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty,
Great_Depression
Period in American history, 1929–1939
In the United States, the Great Depression is commonly (though not universally) dated to the Wall Street crash of October 1929. The nadir came in 1931–1933
Great Depression in the United States
Great_Depression_in_the_United_States
Major stock market crash in the United States
The Wall Street crash of 1929, also known as the Great Crash, was a major stock market crash in the United States which began in October 1929 with a sharp
Wall_Street_crash_of_1929
Early years of the Great Depression
chairmen Roy A. Young and Eugene Meyer. The Great Contraction is not to be confused with the Great Compression, which refers to a period beginning around
Great_Contraction
Pay and benefits for upper management
World War II to the mid-1970s, about the time of the end of the "Great Compression" of income and wealth distribution in America. Around 1983 Congress
Executive compensation in the United States
Executive_compensation_in_the_United_States
Political theory developed by Robert Michels
call the Great Compression, economic equality narrowed, except among Black Americans... But by the nineteen-eighties the Great Compression was over.
Iron_law_of_oligarchy
Ability to influence the behaviour of others
call the Great Compression, economic equality narrowed, except among Black Americans... But by the nineteen-eighties the Great Compression was over.
Power_(social_and_political)
Oligarchical rule by the elderly
call the Great Compression, economic equality narrowed, except among Black Americans... But by the nineteen-eighties the Great Compression was over.
Gerontocracy
Global oil shortage due to geopolitics
1973–1974 stock market crash, have been regarded as the first event since the Great Depression to have a persistent economic effect. A crisis emerged in the
1970s_energy_crisis
Compression garment
Compression stockings Compression stockings are a specialized hosiery designed to help prevent the occurrence of, and guard against further progression
Compression_stockings
1760–1840 agrarian to industrial era shift
processes, succeeding the Second Agricultural Revolution. Beginning in Great Britain around 1760, the Industrial Revolution had spread to continental
Industrial_Revolution
Tech stock speculative craze, c. 1995–2003
the bubble burst, said about the dot-com bubble: A friend of mine has a great line. He says "Nothing important has ever been built without irrational
Dot-com_bubble
Practice of lowering the intrinsic value of coins
Franklin Jameson. New York: Macmillan. pp. 165–171. Retrieved 26 June 2017. Great Britain. Treasury. Information Division (1986). Economic Progress Report
Debasement
Economies of South Korea, Taiwan, Singapore and Hong Kong
November 2025. Lind, Jennifer (August 2023). "Authoritarian Adaptation and Great Power Competition". Henry A. Kissinger Center for Global Affairs. Johns
Four_Asian_Tigers
Regional financial crisis that struck East and Southeast Asia in 1997–1998
funding aggressive expansions. During that time, there was a haste to build great conglomerates to compete on the world stage. Many businesses ultimately
1997_Asian_financial_crisis
Impact of the worldwide economic depression in Canada
The worldwide Great Depression of the early 1930s was a social and economic shock that left millions of Canadians unemployed, hungry and often homeless
Great_Depression_in_Canada
Worldwide increase in crude oil prices following the Iranian Revolution
United States Post–WWII expansion/ 1970s stagflation (1945–1982) Great Compression 1945 recession Recession of 1949 (1948–1949) Hong Kong and Singapore
1979_oil_crisis
call the Great Compression, economic equality narrowed, except among Black Americans... But by the nineteen-eighties the Great Compression was over.
Politics_of_the_United_States
United States Post–WWII expansion/ 1970s stagflation (1945–1982) Great Compression 1945 recession Recession of 1949 (1948–1949) Hong Kong and Singapore
List_of_recessions_in_Canada
High inflation, low economic growth, and high unemployment
Barsky, Robert; Kilian, Lutz (2000). "A Monetary Explanation of the Great Stagflation of the 1970s" (PDF). CEPR Press Discussion Papers (2389). Blanchard
Stagflation
Worldwide economic recession from 1873 to 1879
Revolution. The episode was labeled the "Great Depression" at the time, and it held that designation until the Great Depression of the 1930s. Though it marked
Long_Depression
2010s–present technological convergence era
wireless technologies, 3D printing, and fully autonomous vehicles. In The Great Reset proposal by the WEF, The Fourth Industrial Revolution is included
Fourth_Industrial_Revolution
Type of internal combustion engine that uses compression to create combustion
the air in the cylinder due to mechanical compression; thus, the diesel engine is also called a compression-ignition engine (or CI engine). This contrasts
Diesel_engine
1992 UK financial crisis
United States Post–WWII expansion/ 1970s stagflation (1945–1982) Great Compression 1945 recession Recession of 1949 (1948–1949) Hong Kong and Singapore
Black_Wednesday
History of railways in Great Britain between 1830 and 1922
The history of rail transport in Great Britain 1830–1922 covers the period between the opening of the Liverpool and Manchester Railway (L&MR), and the
History of rail transport in Great Britain 1830–1922
History_of_rail_transport_in_Great_Britain_1830–1922
"the [cyclical] volatility of GNP and unemployment was greater before the Great Depression than it has been since the end of World War II." Cycles in the
List of recessions in the United States
List_of_recessions_in_the_United_States
the Industrial Revolution began to transform Britain; by the time of the Great Exhibition in 1851 the country was described as the "workshop of the world"
Economy_of_the_British_Empire
Global stock market crash
investors, declaring on social media: "my policies will never change. This is a great time to get rich, richer than ever before!!!" Treasury Secretary Scott Bessent
2025_stock_market_crash
1980 crash in the U.S. commodity markets for silver
on November 17, 2007. Retrieved August 6, 2009. Fay, Stephen (1982). The Great Silver Bubble. London: Coronet, 1983. ISBN 978-0-340-33033-3. Jerry W. Markham
Silver_Thursday
Slave trade between Africa and the West
on the global and intercontinental processes of the trade. Africans had great influence on the continent itself, but they had no direct influence on the
Atlantic_slave_trade
Aspect of the topic
The Great Depression in the United Kingdom also known as the Great Slump, was a period of national economic downturn in the 1930s, which had its origins
Great Depression in the United Kingdom
Great_Depression_in_the_United_Kingdom
the sort in place during much of the period of great income equality following the "Great Compression". The lowest marginal rate for the bottom fell from
Causes of income inequality in the United States
Causes_of_income_inequality_in_the_United_States
Proposed time period of the United States
United States Post–WWII expansion/ 1970s stagflation (1945–1982) Great Compression 1945 recession Recession of 1949 (1948–1949) Hong Kong and Singapore
Second_Gilded_Age
with him, is now a realized fact. But whether he fully comprehended the great truth upon which that rock stood and stands, may be doubted. The prevailing
Slavery_in_the_United_States
Method of determining when the economy has entered a recession
United States Post–WWII expansion/ 1970s stagflation (1945–1982) Great Compression 1945 recession Recession of 1949 (1948–1949) Hong Kong and Singapore
Sahm_rule
Australia was affected badly during the period of the Great Depression of the 1930s. The Depression began with the Wall Street crash of 1929 and rapidly
Great_Depression_in_Australia
the War (Great Britain and Ireland) Monger, David: Press/Journalism (Great Britain and Ireland) Noakes, Lucy: Women's Mobilization for War (Great Britain
History of the United Kingdom during the First World War
History_of_the_United_Kingdom_during_the_First_World_War
16th-century English currency policy
The Great Debasement (1544–1551) was a currency debasement policy introduced in 1544 England under the order of Henry VIII which saw the amount of precious
The_Great_Debasement
Gold rush from 1848 to 1855
worth tens of billions of today's US dollars was recovered, which led to great wealth for a few, though many who participated in the California gold rush
California_gold_rush
18th-century economic speculation bubble
charter, was promoted by the South Sea Company itself before its collapse. In Great Britain, many investors were ruined by the share-price collapse, and as
South_Sea_Company
The Seven Years' War (1756-1763) brought great financial burdens on Great Britain, Kingdom of Prussia, Austria, France, and Sweden. The costs of fighting
Financial costs of the Seven Years' War
Financial_costs_of_the_Seven_Years'_War
The railway system of Great Britain started with the building of local isolated wooden wagonways starting in the 1560s. A patchwork of local rail links
History of rail transport in Great Britain
History_of_rail_transport_in_Great_Britain
spans both The Great Depression and World War II, events with significant economic consequences. This is called the Great Compression. Franklin D. Roosevelt's
Wealth inequality in the United States
Wealth_inequality_in_the_United_States
Gold discovery triggering an onrush of miners seeking fortune
comparable to the major 19th century gold rushes, the Lapland gold rush has great local significance in Lapland and across Finland; during the spring and
Gold_rush
GDP. Decreased tax revenues and spending on social programs during the Great Depression increased the debt and by 1936, the public debt had increased
History of the United States public debt
History_of_the_United_States_public_debt
1918–1939 period between the World Wars
populations in the first world. The era's indulgences were followed by the Great Depression, an unprecedented worldwide economic downturn that severely damaged
Interwar_period
Phenomenon in economies of developed nations since the mid-1980s
The Great Moderation was a period of macroeconomic stability in the United States coinciding with the rise of central bank independence beginning with
Great_Moderation
Shortage of gold and silver in 15th-century Europe
The Great Bullion Famine was a shortage of precious metals that struck Europe in the 15th century, with the worst years of the famine being 1457 to 1464
Great_Bullion_Famine
United States Post–WWII expansion/ 1970s stagflation (1945–1982) Great Compression 1945 recession Recession of 1949 (1948–1949) Hong Kong and Singapore
1991_Indian_economic_crisis
illustrates this point by describing "The Great Compression" and "The Great Divergence." He states that the end of the Great Depression to the end of World War
Tax policy and economic inequality in the United States
Tax_policy_and_economic_inequality_in_the_United_States
Economic term to distinguish types of recessions
seen since the 1920s. In December 2020, Bloomberg News called 2020, "... a great year for Wall Street, but a bear market for humans". In January 2021, Edward
Recession_shapes
increased to 37% of GDP. The deficit continued to grow and, following the Great Recession beginning in early 2008, both government borrowing and the national
History of the British national debt
History_of_the_British_national_debt
Audio signal processing operation
Dynamic range compression (DRC) or simply compression, is an audio signal processing operation that reduces the volume of loud sounds or amplifies quiet
Dynamic_range_compression
Era of US history from the 1870s to the late 1890s
and Fall of the Great Powers. New York: Random House. p. 242. ISBN 978-0-394-54674-2. Kennedy, Paul (1987). The Rise and Fall of the Great Powers. New York:
Gilded_Age
Industrial shift to information technology
type printing press by Johannes Gutenberg. The Industrial Age began in Great Britain in 1760 and continued into the mid-19th century. The invention of
Information_Age
Economic model relating wages to unemployment
United States Post–WWII expansion/ 1970s stagflation (1945–1982) Great Compression 1945 recession Recession of 1949 (1948–1949) Hong Kong and Singapore
Phillips_curve
Periods of currency instability
dollar by repeatedly arranging the printing of further banknotes, often at great expense from overseas suppliers. On 1 March 2008, it was reported that documents
Hyperinflation_in_Zimbabwe
Sudden widespread decline of stock prices
before finally bottoming out in July 1932. The crash was followed by the Great Depression, the worst economic crisis of modern times, which plagued the
Stock_market_crash
Economies of the five dominant countries in Southeast Asia
United States Post–WWII expansion/ 1970s stagflation (1945–1982) Great Compression 1945 recession Recession of 1949 (1948–1949) Hong Kong and Singapore
Tiger_Cub_Economies
1701–1714 European great power conflict
The War of the Spanish Succession was a European great power conflict fought between 1701 and 1714. The death of Charles II of Spain in November 1700
War_of_the_Spanish_Succession
People without work and actively seeking work
the Stock Market Crash and the Great Depression. New York, Lincoln, Shanghi: Authors Choice Press. About the Great Depression Archived 20 December 2008
Unemployment
Period of economic stagnation in the Western world
recession where unemployment peaked at 10.8% in November and December 1982; the Great Depression, where unemployment peaked at 25% in 1933; and the COVID-19 recession
1973–1975_recession
Organisation of workers with common goals
Collins, William J.; Niemesh, Gregory T. (2019). "Unions and the Great Compression of wage inequality in the US at mid-century: evidence from local labour
Trade_union
OAPEC petroleum embargo
pushed very strongly for his "Great Civilization" for rapid modernization, not the least because he wanted to see the "Great Civilization" before his death
1973_oil_crisis
Devaluation of money's purchasing power
payment. One of the earliest documented inflations occurred in Alexander the Great's empire 330 BC. Historically, when commodity money was used, periods of
Inflation
1920s period of sustained economic prosperity in Western Europe and North America
coming fast to an end. The Wall Street crash of 1929 ended the era, as the Great Depression brought years of hardship worldwide. The Roaring Twenties was
Roaring_Twenties
Worldwide economic event
United States Post–WWII expansion/ 1970s stagflation (1945–1982) Great Compression 1945 recession Recession of 1949 (1948–1949) Hong Kong and Singapore
2022_stock_market_decline
infrastructure dedicated to the buying and selling of humans." New Orleans was the great slave market of the lower Mississippi watershed—with hundreds of traders
Slave markets and slave jails in the United States
Slave_markets_and_slave_jails_in_the_United_States
Percentage of a sum of money charged for its use
United States Post–WWII expansion/ 1970s stagflation (1945–1982) Great Compression 1945 recession Recession of 1949 (1948–1949) Hong Kong and Singapore
Interest_rate
Global stock market crash
severity sparked fears of extended economic instability or a reprise of the Great Depression. Possible explanations for the initial fall in stock prices include
Black_Monday_(1987)
Situation of prolonged doubt in the strength of Britain's currency
ISBN 978-1-85043-725-3. Kathleen Burk; Alec Cairncross (1992). Good-bye, Great Britain: The 1976 IMF Crisis. Yale University Press. ISBN 0-300-05728-8
1976_sterling_crisis
File archiver and data compression utility
Archiver is a discontinued file archiver and data compression utility that employs the PAQ6 compression algorithm. Written in Visual C++ by Tomasz Pawlak
KGB_Archiver
The Great Depression in India was a period of economic depression in the Indian subcontinent, then under the British Raj. Beginning in 1929 in the United
Great_Depression_in_India
Engineering prowess, especially in communication and transportation, made Great Britain the leading industrial powerhouse and trading nation of the world
Economy, industry, and trade of the Victorian era
Economy,_industry,_and_trade_of_the_Victorian_era
Informal economic term
United States Post–WWII expansion/ 1970s stagflation (1945–1982) Great Compression 1945 recession Recession of 1949 (1948–1949) Hong Kong and Singapore
Economic_miracle
Long period of worldwide economic growth following World War II
service. Much property was destroyed in war. In the inter-war period, the Great Depression also caused investments to lose value. During both World Wars
Post–World War II economic expansion
Post–World_War_II_economic_expansion
United States Post–WWII expansion/ 1970s stagflation (1945–1982) Great Compression 1945 recession Recession of 1949 (1948–1949) Hong Kong and Singapore
Inertial_inflation
located far from coal deposits, and so were shipped to ports on the southern Great Lakes that were closer to the coal mines of Pennsylvania, Ohio, Indiana
History of the iron and steel industry in the United States
History_of_the_iron_and_steel_industry_in_the_United_States
Business cycle contraction
pays down its debt. For example, economist Richard Koo wrote that Japan's "Great Recession" that began in 1990 was a "balance sheet recession". It was triggered
Recession
Finance property of an asset
United States Post–WWII expansion/ 1970s stagflation (1945–1982) Great Compression 1945 recession Recession of 1949 (1948–1949) Hong Kong and Singapore
Market_liquidity
19th-century United States financial crisis
unemployment (such as was used 100 years later by Roosevelt during The Great Depression), was accused by his opponents of contributing further to the
Panic_of_1837
Economic policies of Ronald Reagan
argues that the Reagan era tax cuts ended the post-World War II "Great Compression" of wealth held by the rich. The CBO Historical Tables indicate that
Reaganomics
But Slater also earned the pejorative "Slater the Traitor" from many in Great Britain who felt he betrayed them in bringing British textile techniques
Industrial Revolution in the United States
Industrial_Revolution_in_the_United_States
Government finance
monetary discipline. In addition, the policy responses to the 2007–2009 Great Recession showed that money can be injected into economies in crisis without
Debt_monetization
Financial resources readily available for use, typically in cash or near-cash form
United States Post–WWII expansion/ 1970s stagflation (1945–1982) Great Compression 1945 recession Recession of 1949 (1948–1949) Hong Kong and Singapore
Liquid_capital
1893–97 financial crisis in the United States
followed. It was the most serious economic depression in history until the Great Depression of the 1930s. The Panic of 1893 deeply affected every sector
Panic_of_1893
1870–1914 electrical and chemical era
author has called the period from 1867 to 1914, during which most of the great innovations emerged, "The Age of Synergy" since the inventions and innovations
Second_Industrial_Revolution
19th-century economic revolution in the United States
United States Post–WWII expansion/ 1970s stagflation (1945–1982) Great Compression 1945 recession Recession of 1949 (1948–1949) Hong Kong and Singapore
Market_Revolution
The history of rail transport in Great Britain 1948–1994 covers the period when the British railway system was nationalised under the name of 'British
History of rail transport in Great Britain 1948–1994
History_of_rail_transport_in_Great_Britain_1948–1994
Speculative bubble involving cryptocurrency prices
The 2018 cryptocurrency crash (also known as the Bitcoin crash and the Great crypto crash) was the sell-off of most cryptocurrencies starting in January
Cryptocurrency_bubble
Recession that affects many countries around the world
crisis COVID-19 recession (2020–2022) 2008 financial crisis Great Recession (2007–2009) Great Depression (1929–1939) "What's a Global Recession?". The Wall
Global_recession
GREAT COMPRESSION
GREAT COMPRESSION
Boy/Male
Tamil
Great
Girl/Female
Greek American German Persian Scandinavian Swedish
Pearl.
Surname or Lastname
Americanized form of Dutch De Groot or German Gross.English
Americanized form of Dutch De Groot or German Gross.English : variant of Greet, a nickname from Old English grēat ‘big’, ‘stout’, a habitational name from Greet in Gloucestershire or Greete in Shropshire, both named from an Old English grēote ‘gravelly place’, or a topographic name with the same meaning.
Girl/Female
Muslim
Great
Female
Dutch
, pearl.
Boy/Male
Hindu
Great
Boy/Male
Tamil
Great
Girl/Female
Indian
Great
Girl/Female
Tamil
Great
Boy/Male
Tamil
Nand Kumar | நஂத கà¯à®®à®¾à®°Â
Great
Nand Kumar | நஂத கà¯à®®à®¾à®°Â
Boy/Male
Hindu, Indian
Great Worrier; Great Chivalric
Female
English
Short form of Danish/Swedish Margareta, GRETA means "pearl."
Girl/Female
American, Australian, British, Chinese, Christian, Danish, Dutch, English, Finnish, French, German, Greek, Indian, Latin, Scandinavian, Swedish
Form of Margaret; Child of Light; A Pearl
Girl/Female
Tamil
Great
Girl/Female
Tamil
Great
Boy/Male
Tamil
Great
Female
Danish
, pearl.
Boy/Male
Hindu
Great
Girl/Female
Muslim
Great
Girl/Female
Indian
Great
GREAT COMPRESSION
GREAT COMPRESSION
Boy/Male
Tamil
Thought, Devotion, Another name of the Sun, Lord Shiva
Boy/Male
Indian, Punjabi, Sikh
Lord of Bravery
Girl/Female
Arabic
Lord
Girl/Female
Tamil
Aksheeti | அகà¯à®·à®¿à®¤à¯€
Victorious peace
Boy/Male
Bengali, Celebrity, Gujarati, Hindu, Indian, Kannada, Malayalam, Marathi, Oriya, Telugu, Traditional
One with Boundless Splendour; Unlimited
Boy/Male
Indian, Sanskrit
Not Better
Girl/Female
Indian
Luck, Flower
Boy/Male
Hindu, Indian, Sanskrit
The Celestial Coral Tree
Girl/Female
Biblical
Uncovering, revelation.
Girl/Female
Hindu, Indian
Smile
GREAT COMPRESSION
GREAT COMPRESSION
GREAT COMPRESSION
GREAT COMPRESSION
GREAT COMPRESSION
v. t.
To discourse on; to handle in a particular manner, in writing or speaking; as, to treat a subject diffusely.
superl.
Holding a chief position; elevated: lofty: eminent; distingushed; foremost; principal; as, great men; the great seal; the great marshal, etc.
superl.
Large in number; numerous; as, a great company, multitude, series, etc.
superl.
More than ordinary in degree; very considerable in degree; as, to use great caution; to be in great pain.
n.
The whole; the gross; as, a contract to build a ship by the great.
a.
Having a great belly; bigbellied; pregnant; teeming.
n.
That which affords entertainment; a gratification; a satisfaction; as, the concert was a rich treat.
v. t.
To care for medicinally or surgically; to manage in the use of remedies or appliances; as, to treat a disease, a wound, or a patient.
v. t.
To handle; to manage; to use; to bear one's self toward; as, to treat prisoners cruelly; to treat children kindly.
superl.
Endowed with extraordinary powers; uncommonly gifted; able to accomplish vast results; strong; powerful; mighty; noble; as, a great hero, scholar, genius, philosopher, etc.
a.
Great.
v. t.
To entertain with food or drink, especially the latter, as a compliment, or as an expression of friendship or regard; as, to treat the whole company.
superl.
Long continued; lengthened in duration; prolonged in time; as, a great while; a great interval.
v. t.
To subject to some action; to apply something to; as, to treat a substance with sulphuric acid.
v. i.
See Greet, to weep.
v. i.
To negotiate; to come to terms of accommodation; -- often followed by with; as, envoys were appointed to treat with France.
superl.
Older, younger, or more remote, by single generation; -- often used before grand to indicate one degree more remote in the direct line of descent; as, great-grandfather (a grandfather's or a grandmother's father), great-grandson, etc.
superl.
Large in space; of much size; big; immense; enormous; expanded; -- opposed to small and little; as, a great house, ship, farm, plain, distance, length.
a.
Great as a man's arm.
superl.
Entitled to earnest consideration; weighty; important; as, a great argument, truth, or principle.