There’s been quite a bit of discussion of late as to whether we’re heading into the next Great Depression, and something just occurred to me this morning as I was sitting up unable to sleep: during the Depression, did people call it that? And if not, when did it start being referred to that way? Obviously at the start, people would not have called it that, but possibly some part of the way through, it might have happened.
Calling the 30s “The Depression” started out relatively early. The OED has a quote from 1935 referring to it, and I’d figure it was used even sooner. At the time, “Depression” was the euphemistic term for an economic downturn (replacing “panic”), so it was probably used as soon at it was apparent the economy was tanking. Now, we use “recession” or “downturn” to indicate economic problems.
“Great Depression” came later. During the thirties, there was no need to specify which depression you were referring to.