Glossary

Definitions of terms used throughout CountryReports.

This glossary contains 1,144 terms used throughout CountryReports — political, economic, cultural, historical, and geographic terminology referenced in country profiles and articles. Terms are drawn from authoritative sources including the Library of Congress.

Great Depression: The 1929-34 economic slump in North America and other industrialized areas of the world. It was precipitated by the collapse of the United States stock market in October 1929. The term ""depression"" denotes, in its economic sense, a cyclical phase of the economy with high unemployment of labor and capital, business and consumer pessimism, accumulated inventories, minimal investment, and, in some sectors, falling prices.
United States Export-Import Bank (Eximbank): An independent corporate agency of the United States government, founded in 1934 to stimulate foreign trade during the Great Depression. The Eximbank facilitates export financing of United States goods and services by neutralizing the effect of export credit subsidies from other governments and by absorbing reasonable credit risks beyond the reach of the private sector.; Source: Library of Congress