Great Depression

The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the .

The timing of the Great Depression varied around the world; in most countries, it started in 1929 and lasted until the late 1930s.

It was the longest, deepest, and most widespread depression of the 20th century.

The Great Depression is commonly used as an example of how intensely the global economy can decline.