百业萧条 meaning in English

all business languishes

But banking was an exception , it kept thriving uninterrupted until 1934 when it reached a new peak in development
但是，在百业萧条的经济破产中，中国新式银行业却保持着持续发展，这种发展到1934年达到最高峰。
The native banks took independent measures against the fate of crashing , and the banks also gave a hand to them , but all that were not effective
百业萧条而银行独兴，是银行与产业关系疏离的表现，也反映了1935年以前新式银行在金融和经济生活中的作用还相当有限。