reverse of trade

English

Noun

reverse of trade (plural reverses of trade)

1. (business, economics, trading) A downturn or disruption of economic conditions rendering much trade unprofitable.
   • 1830, Lancet Publications (publisher), The Lancet, page 574:

     In the commencement of the winter, by a sudden reverse of trade, more than 20,000 weavers in the liberty were thrown out of employment.

   • 1837, H. Leggatt and Company (publisher), John Horsley Palmer, Esq.'s Pamphlet on " The Causes and Consequences of the Pressure Upon the Money Market" Considered To which are Added, a Few Remarks Upon the Establishement of Joint Stock Banks ..., page 20:

     How frequently is it not the case, that private Banks in districts where capital is redundant, invest in mortgages and dead loans, and trade upon circulation? which on any reverse of trade or convulsion in credit, they are unable to redeem

   • 1850, Great Britain, Parliament, House of Commons, Reports from Committees, Volume 16, page 96:

     whenever there comes a reverse of trade in those parishes (though very possibly there is not a single person connected with the railway residing in the parish, or who can get a settlement in the parish)