Great Depression
Worldwide economic depression (1929–1939)
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![Great Depression: Worldwide economic depression (1929–1939)](https://www.newsr.in/en/knowledge/Great-Depression_20190128.jpg)
The Great Depression (1929–1939) was a severe global economic downturn that affected many countries across the world. It became evident after a sharp decline in stock prices in the United States, leading to a period of economic depression. The economic contagion began around September 1929 and led to the Wall Street stock market crash of October. This crisis marked the start of a prolonged period of economic hardship characterized by high unemployment rates and widespread business failures.
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