Education/Schools

Great Debasement

The "Great Debasement" (1542-1551) occurred when the English Crown reduced the gold and silver content in its coins, saving the government money. The name "Great Debasement" was…

Great Default

"Great Default" is a term coined and popularized by the economist Gary North, borrowing "great" from names such as the "Great Depression" and the "Great…

Great Deformation

David Stockman, the Reagan administration's Director of the Office of Management and Budget (1981–1985), announced in 2012 his new book, The Great Deformation: How Crony Capitalism Corrupts…

Great Depression

"Great Depression" is the name for the economically depressed period in the United States beginning with the October 1929 stock market crash and lasting throughout the 1930s. The term…

Great Disorder

The term "Great Disorder" has been cited in print since at least 1974 to describe China's Cultural Revolution (1966-1976). Mao Zedong (1893-1976) sought to create "the great…

Great Divergence

The economist Paul Krugman wrote in the first post of his New York (NY) Times blog, The Conscience of a Liberal, on September 18, 2007: "The great divergence: Since the late 1970s the America…

Great God Beef Dish (chicken fried steak)

Jerry Flemmons (1936-1999) was a popular writer on the Fort Worth (TX) Star-Telegram. His 1983 essay on chicken fried steak -- "that Great God beef dish" -- is widely quoted. Society of…

Great Lawn (Central Park)

"The Great Lawn" in Central Park was not always there. It was designed and added in 1931. Today, the Parks Department is trying to protect the grass by limiting the Great Lawn's use.…

Great Moderation

Entry in progress -- B.P. Wikipedia: Great ModerationIn economics, the Great Moderation refers to a reduction in the volatility of business cycle fluctuations starting in the mid-1980s, believed to…

Great Plains

The American region called the "Great Plains" is a large area of flat land, and is located west of the Mississippi River and east of the Rocky Mountains. American explorer and writer…

Great Rebalancing

The financial term "Great Rebalancing" was cited by Newsweek on June 26. 2006: "I think we'll look back and 2006 will seem possibly like the middle phase of what you might call…

Great Recession

"Great Recession" is a variant of the 1930s name "Great Depression." Many writers have called economic dips a "Great Recession," starting about 1974 and continuing in…

Great Reckoning

The financial term "Great Reckoning" was popularized by James Dale Davidson and William Rees-Mogg in their book, The Great Reckoning: How the world will change in the depression of the…