Die Wirtschaftskrise
Example: Die Wirtschaftskrise von 1929 veränderte viele Länder stark.
Definition
"Die Wirtschaftskrise" refers to a severe economic downturn characterized by widespread financial instability, high unemployment, and significant declines in production and trade. It often leads to profound social and political changes, as seen in events like the 1929 economic crisis.
Etymology
The word "die Wirtschaftskrise" combines "Wirtschaft," meaning economy or business, and "Krise," meaning crisis. It originates from German, where "Wirtschaft" traces back to Old High German 'wirstschaft' (management of a household) and "Krise" from Latin 'crisis,' meaning a decisive turning point. Did you know? The term became widely used during the global downturns of the 20th century.
Learn to use this word actively
"Die Wirtschaftskrise" appears in the Vocaplus list "", containing 210 commonly used words.
Would you like to not only understand these words, but also remember them and use them actively? Create a free account and select German as the language you want to learn.
Create a free account
the economic crisis