What is “Wall Street meltdown”?
The word “meltdown” is being bandied about a lot in relation to the current Wall Street crisis. What does it mean?
Let’s look at melt first. Melt is a verb: to melt. It means to change from solid to liquid, usually because of heat. So if you put an ice-cube outside in the sun it will melt. The ice will become water. When you light a candle, the solid wax of the candle melts and becomes liquid wax, running down the candle until it cools and solidifies again.
What about meltdown? Meltdown is a noun, with a technical meaning. A meltdown is an accident in a nuclear reactor in which the fuel becomes so hot that the core of the nuclear reactor melts, with potentially extremely serious (catastrophic) consequences.
What about a meltdown in Wall Street? There are no nuclear reactors in Wall Street, so what can it mean?
Wall Street is a street at the south end of Manhattan in New York City, and is home to the New York Stock Exchange and other leading United States financial institutions (major banks etc). When people talk about a “meltdown in Wall Street” they are using the word meltdown figuratively to mean “a catastrophic event, a disastrous collapse of the American financial system”.
By Josef Essberger for EnglishClub October 2008
Josef started teaching English as a foreign language in 1991 and founded EnglishClub for learners and teachers in 1997.
Nice way to explain. I got the meaning of meltdown absolutely clear in my mind.
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I can now relate whenever it is being used in conversations. Thanks
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I think it nice to say that it’s a metaphor
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kurian thomas says:
very lucid and simple explanation. it is very helpful.
Mian Ilyas says:
It is very helpfull
thanks, for the insight
American financial system …
very bad now~
Very well and simply explained. Thankyou for that.
As a teacher, I find this to be an extremely useful idea to teach vocab and using current events and I’m sure my students will benefit from it too.
heba -fahmy says:
Thanks for giving us new words inour vocabulary which is very helpful.
Really , now i understand what is meltdown ,now i can use it different places,,,,,,thank’s
It’s our theme this trimester: we study ethics in business. I’m going to use it in my class. Thanks
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Shefali nigam says:
Its good to know that how is the meaning of “meltdown ” takes place in different conditions in different way.
Really useful .Thank you
It is very good explaination. thanks you.
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I was assumed meltdown…as “absolutely falling in love”
Keep it up…very educative and interesting.
Thanks a lot. It is the good explaination of vocabulary meaning . I can understand clearly. I learm more vocabulary of English, and learn more about other things, for example: wall street, financial crisis…
this was really informative for me.AMAZING
Thanks for these lessons.
These are really useful for english learners like me. But it is also frightening because show us there are thousands of expressions that we have to learn. 🙁
I believe that we can succeed it with you help.
a very novel way to teach vocabulary . just waiting to use it
mai anh says:
at first time I thought meltdown concern with nuclear :(( , alittle bit complicated
It is very nice. Can we use it as a idiom???
Thanks for the lesson, I need more
Wall street meltdown means a big problem of Americal financal system which is being collapsed.
very good explaination in detail. nice website.
This is a very good way to teach vocabulary.I first heard it on BBC program but did not understand what it meant,but now I know is catastrophic and disatrous thing,thanks.
Now i know what is the meaning of ‘wall street meltdown’. May i know can i say ‘my current financial now is meltdown’ ? please help me
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beautiful way for teach 3 vocabulary in 1 phrase.
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ABDURAHMAN YUSUF MEALIN says:
i need more vocabulary of dialy use ….
thank you for teaching
It is very nice and up to date vocabulary.
Really, it was informative and usefull.Such things helps the learner for strengthening their vocabulary
Echo Chung says:
Simachew Demissie says:
A good phrase to teach a phrase.
good one …can help enriching vocabulary
really very knowledg promoting, i appreciat.
NICE… and educational….