Contraction — Social Studies definition
A decline in economic activity, often involving production, spending, and employment.
Where it is taught
- The Great Depression: Causes & Everyday Consequences — World War I, the 1920s & Depression, U.S. History: Reconstruction to the Early 21st Century, Grade 8
- The Great Depression: Contraction, Households & Policy Responses — The 1920s, Depression & New Deal, United States History & Government: Colonial Foundations to the Early 21st Century, Grade 11