Great Depression

Definition

The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States after a major fall in stock prices around September 29th,1929.

Related terms

New Deal: A series of programs enacted by President Franklin D. Roosevelt between 1933 and 1939 with goals such as providing relief to unemployed Americans & recovery from economic depression.

Dust Bowl: A period of severe dust storms causing major ecological and agricultural damage to American prairie lands in the early-mid '30s; this worsened the economic impact of the Great Depression.

Stock Market Crash of 1929: A major stock market crash that occurred in late October 1929, which was one of the primary causes of the Great Depression.