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꧁ what is Great Depression ꧂

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Answer 1

Answer:

Great Depression, worldwide economic downturn that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world, sparking fundamental changes in economic institutions, macroeconomic policy, and economic theory.

Answer 2

Answer:

The Great Depression was a worldwide economic crisis that lasted for much of the 1930s. ... In economics, a depression is a period during which business, employment, and stock market values fall to very low levels for a significant amount of time (typically more than three years).

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