Shōwa Depression
Refers specifically to the economic depression in Japan during the early Shōwa period, as part of the worldwide Great Depression. A historical term used in discussions of pre-war Japanese economic history.
See also: 世界大恐慌
The Shōwa Depression dealt a severe blow to the Japanese economy.
We learned about the Shōwa Depression in history class.
世界大恐慌 refers to the worldwide Great Depression, while 昭和恐慌 specifically denotes its manifestation in Japan.
Compound of 昭和 (Shōwa era) and 恐慌 (panic, depression). The term was coined to describe the severe economic downturn Japan experienced in the early 1930s.