The Great Depression was a severe worldwide economic depression that took place during the 1930s. It was the longest and most widespread depression of the 20th century, affecting both industrialized and developing countries. The Great Depression began with the stock market crash of 1929 and lasted until the late 1930s. It resulted in high unemployment, widespread poverty, and a significant decline in global economic activity. The Great Depression had lasting effects on the world economy and led to major changes in economic policy and regulation.
