Great Commodities Depression


Great Commodities Depression

The Great Commodities Depression is the steep, general recession in commodity prices between 1980 and 2000, both in real and nominal terms. The term was first coined by Robert Solow.Fact|date=June 2008

For example, soft commodities such as corn were $3.69 per bushel ($145/metric ton) in November, 1980; wheat $5.07 per bushel ($186/metric ton) in November, 1980; while hard commodities such as copper were $3,168.96 per tonne in February, 1980; and gold $850.00 per troy ounce in January, 1980.Fact|date=June 2008

After nearly twenty years, corn was $1.45 in August, 2000; wheat $1.94 in August, 2000; copper $1,319 in November, 2001; and gold $255.95 in April, 2001.Fact|date=June 2008

A long term recession such as this is also known as a secular bear market.

ee also

* Market trends

External links

* [http://www.safehaven.com/article-2772.htm Commodity Prices - Bubble Top or More to Go?]


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Great commodities depression — The Great Commodities Depression is a term used in economic history to describe the protracted declines in the prices of raw materials roughly from 1982–1998. The analysis of this period is based on the work of Robert Solow and is rooted in… …   Wikipedia

  • Great Depression — the economic crisis and period of low business activity in the U.S. and other countries, roughly beginning with the stock market crash in October, 1929, and continuing through most of the 1930s. * * * or Depression of 1929 Longest and most severe …   Universalium

  • Great Depression — This article is about the severe worldwide economic downturn in the 1930s. For other uses, see The Great Depression (disambiguation) …   Wikipedia

  • Great Depression in Canada — Canada was hit hard by the Great Depression. Between 1929 and 1933, the gross national product dropped 40% (compared to 37% in the US). Unemployment reached 27% at the depth of the Depression in 1933. Many businesses closed, as corporate profits… …   Wikipedia

  • Great Depression in South Africa — The Great Depression had a pronounced economic and political effect on South Africa, as it did to most nations at the time. As world trade slumped, demand for South African agricultural and mineral exports fell drastically. It is believed that… …   Wikipedia

  • The Great Depression (disambiguation) — The Great Depression was a dramatic, worldwide economic downturn beginning in some countries as early as 1928.The Great Depression may also refer to:* Great Commodities Depression, the steep, general recession in commodity prices between 1980 and …   Wikipedia

  • 2000s commodities boom — The 2000s commodities boom is the rise in many physical commodity prices which occurred during the decade of the 2000s, following the Great Commodities Depression of the 1980s and 1990s, largely due to the rising demand from emerging markets such …   Wikipedia

  • Causes of the Great Depression — The causes of the Great Depression are still a matter of active debate among economists. The specific economic events that took place during the Great Depression have been studied thoroughly: a deflation in asset and commodity prices, dramatic… …   Wikipedia

  • The Great Depression in Rome, Ga — In Rome, Ga. the affect of The Great Depression was not as bad as the larger cities across America. Since Rome was a agricultural town people did not have to worry as much about food, but jobs were becoming very few around 1932, just three years… …   Wikipedia

  • Economic crisis of 2008 — In 2008, the possibility of an economic crisis was suggested by several important indicators of economic downturn worldwide. These included high oil prices, which led to both high food prices (due to a dependence of food production on petroleum,… …   Wikipedia