Usually means: Severe worldwide economic downturn 1930s.
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We found 11 dictionaries that define the word the depression:

General (7 matching dictionaries)
  1. the (great) depression, the depression, the (Great) Depression: Merriam-Webster
  2. the Depression: Oxford Learner's Dictionaries
  3. the Depression: Collins English Dictionary
  4. the depression: Dictionary.com
  5. The Depression, The depression: Wikipedia, the Free Encyclopedia
  6. The depression: Rhymezone
  7. the Depression: TheFreeDictionary.com

Business (2 matching dictionaries)
  1. the Depression: Legal dictionary
  2. the Depression: Financial dictionary

Computing (1 matching dictionary)
  1. the Depression: Encyclopedia

Medicine (1 matching dictionary)
  1. the Depression: Medical dictionary

Definitions from WordNet (The depression)

noun:  a time period during the 1930s when there was a worldwide economic depression and mass unemployment

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