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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
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
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
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
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
Compression garment
Compression stockings Compression stockings are a specialized hosiery designed to help prevent the occurrence of, and guard against further progression
Compression_stockings
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
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
Social system with elderly rule
call the Great Compression, economic equality narrowed, except among Black Americans... But by the nineteen-eighties the Great Compression was over.
Gerontocracy
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)
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
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
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
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
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
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
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
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
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
18th‑century British company involved in a major financial scandal
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
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
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
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
American gold panic
planted by Gould and Fisk. Boutwell countermanded his own order to sell a great deal of gold, suspending non-routine Treasury gold sales for the rest of
Black_Friday_(1869)
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
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
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
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
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
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
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
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
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)
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
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
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
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
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
Abolition Act 1833 abolished slavery in most of the British Empire, including Great Britain and Ireland. Despite being contrary to the laws of the United Kingdom
Slavery_in_Britain
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
Major economic downturn in the United States
In the United States, the Great Recession was a severe financial crisis combined with a deep recession. While the recession officially lasted from December
Great Recession in the United States
Great_Recession_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
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 conflict between the European great powers, fought between 1701 and 1714. The death of Charles II of Spain in
War_of_the_Spanish_Succession
18th century period of speculative canal building in the United Kingdom
United States Post–WWII expansion/ 1970s stagflation (1945–1982) Great Compression 1945 recession Recession of 1949 (1948–1949) Hong Kong and Singapore
Canal_Mania
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
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
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
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
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
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
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
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
European selloff of American securities following the outbreak of WWI
The Great Financial Crisis of 1914 and the Origins of America's Monetary Supremacy" (PDF). Museum of American Finance. Roberts, Richard. "The Great Financial
Financial_crisis_of_1914
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
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
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
Proposed era of humanity after the Information Age
United States Post–WWII expansion/ 1970s stagflation (1945–1982) Great Compression 1945 recession Recession of 1949 (1948–1949) Hong Kong and Singapore
Imagination_Age
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
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 [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
1896–1899 migration to Yukon, Canada
the mining surveys of his predecessors. In the remote Klondike, there was great demand for news and contact with the world outside. During the first months
Klondike_Gold_Rush
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
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
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
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
French economist
distribution has led to his political theories about the "great compression" and the "great divergence" and led to significant research on the consensus
Emmanuel_Saez
Sudden collapse of asset values which generates a credit or business cycle
United States Post–WWII expansion/ 1970s stagflation (1945–1982) Great Compression 1945 recession Recession of 1949 (1948–1949) Hong Kong and Singapore
Minsky_moment
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
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
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
Interest rate without adjusting for inflation
United States Post–WWII expansion/ 1970s stagflation (1945–1982) Great Compression 1945 recession Recession of 1949 (1948–1949) Hong Kong and Singapore
Nominal_interest_rate
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
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
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
zip file format have support for Unicode filenames. Commandline batch compression is available only for ZIP and ALZ formats. Traditionally, tar, cpio,
Comparison_of_file_archivers
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
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
Abandoned settlement with intact features
Ireland, particularly in the west of the country, were wiped out due to the Great Famine in the latter half of the 19th century and the years of economic
Ghost_town
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
Value in economics and accounting
United States Post–WWII expansion/ 1970s stagflation (1945–1982) Great Compression 1945 recession Recession of 1949 (1948–1949) Hong Kong and Singapore
Real_and_nominal_value
Relationships among bond yields of different maturities
written as 25 basis points or 25bps) is the credit spread. From the post-Great Depression era to the present, the yield curve has usually been "normal"
Yield_curve
1980 crash in the U.S. silver market
Trades". The New York Times. Retrieved July 1, 2026. Fay, Stephen (1982). The Great Silver Bubble. London: Coronet, 1983. ISBN 978-0-340-33033-3. Markham, Jerry
Silver_Thursday
Rate of money changing hands
United States Post–WWII expansion/ 1970s stagflation (1945–1982) Great Compression 1945 recession Recession of 1949 (1948–1949) Hong Kong and Singapore
Velocity_of_money
2007 book by Paul Krugman
poor diminished greatly in mid-century—he refers to this as the "Great Compression"—then widened again, starting in the 1980s, to levels higher than
The_Conscience_of_a_Liberal
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
a sharp, long-lasting decrease in the level of income inequality (Great Compression). The gap between rich and poor narrowed dramatically in the area
United States home front during World War II
United_States_home_front_during_World_War_II
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
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
International recession in 1890
Economics Kris James Mitchener (September 2006). "The Baring Crisis and the Great Latin American Meltdown of the 1890s" (PDF). Santa Clara University and
Baring_crisis
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
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
Global inflation following the COVID-19 pandemic
environment, everybody knows that prices are increasing. Obviously that's a great opportunity for every firm to realign their prices as much as they can.
2021–2023_inflation_surge
GREAT COMPRESSION
GREAT COMPRESSION
Girl/Female
Tamil
Great
Boy/Male
Hindu
Great
Boy/Male
Tamil
Great
Girl/Female
Indian
Great
Girl/Female
Greek American German Persian Scandinavian Swedish
Pearl.
Girl/Female
Tamil
Great
Girl/Female
Muslim
Great
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
Boy/Male
Tamil
Great
Boy/Male
Tamil
Nand Kumar | நஂத கà¯à®®à®¾à®°Â
Great
Nand Kumar | நஂத கà¯à®®à®¾à®°Â
Female
English
Short form of Danish/Swedish Margareta, GRETA means "pearl."
Female
Danish
, pearl.
Girl/Female
Tamil
Great
Boy/Male
Hindu, Indian
Great Worrier; Great Chivalric
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
Indian
Great
Girl/Female
Muslim
Great
Boy/Male
Hindu
Great
Female
Dutch
, pearl.
Boy/Male
Tamil
Great
GREAT COMPRESSION
GREAT COMPRESSION
Surname or Lastname
English
English : ostensibly an occupational name for a laborer, from Middle English work + man. According to a gloss cited by Reaney the term was used in the Middle Ages to denote an ambidextrous person, and the surname may also be a nickname in this sense.
Surname or Lastname
English
English : habitational name from places so named in Merseyside (formerly in Cheshire) and County Durham or from Roby in Merseyside (formerly in Lancashire). The first is named from Old Scandinavian rá ‘pole’ + býr ‘farmstead’, ‘settlement’.French : variant of Rabin.German : habitational name from Raby in Bohemia or perhaps from Rabingen in Lower Saxony.Probably from the Saintonge region of France, a Raby or Rabis was documented in Quebec City in 1689, with the secondary surname Saintonge.
Boy/Male
Tamil
Employer
Girl/Female
Muslim
Sentence, Writing, Essay
Male
Scandinavian
 Scandinavian form of Roman Latin Victor, VIKTOR means "conqueror." Compare with another form of Viktor.
Girl/Female
Bengali, Gujarati, Indian, Malayalam, Oriya, Rajasthani
Particular Flower
Girl/Female
Irish
Name of a saint.
Boy/Male
Bengali, Gujarati, Hindu, Indian, Kannada, Telugu
Lord Shiva
Girl/Female
Indian
One of the ten Goddess known as mahavidyas
Female
English
Variant spelling of English Agnes, AGNUS means "chaste; holy."
GREAT COMPRESSION
GREAT COMPRESSION
GREAT COMPRESSION
GREAT COMPRESSION
GREAT COMPRESSION
n.
The whole; the gross; as, a contract to build a ship by the great.
superl.
Entitled to earnest consideration; weighty; important; as, a great argument, truth, or principle.
superl.
Endowed with extraordinary powers; uncommonly gifted; able to accomplish vast results; strong; powerful; mighty; noble; as, a great hero, scholar, genius, philosopher, etc.
v. t.
To subject to some action; to apply something to; as, to treat a substance with sulphuric acid.
superl.
More than ordinary in degree; very considerable in degree; as, to use great caution; to be in great pain.
a.
Great.
v. i.
See Greet, to weep.
a.
Having a great belly; bigbellied; pregnant; teeming.
superl.
Large in number; numerous; as, a great company, multitude, series, etc.
v. t.
To discourse on; to handle in a particular manner, in writing or speaking; as, to treat a subject diffusely.
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.
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.
n.
That which affords entertainment; a gratification; a satisfaction; as, the concert was a rich treat.
v. i.
To negotiate; to come to terms of accommodation; -- often followed by with; as, envoys were appointed to treat with France.
a.
Great as a man's arm.
superl.
Holding a chief position; elevated: lofty: eminent; distingushed; foremost; principal; as, great men; the great seal; the great marshal, etc.
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.
v. t.
To handle; to manage; to use; to bear one's self toward; as, to treat prisoners cruelly; to treat children kindly.
superl.
Long continued; lengthened in duration; prolonged in time; as, a great while; a great interval.
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.