What economic downturn occurred in the United States during the 1930s known as the Great Depression? 🔊
The economic downturn that occurred in the United States during the 1930s is known as the Great Depression. Triggered by the stock market crash of October 1929, it led to widespread unemployment, bank failures, and a drastic decline in industrial output. The Great Depression had devastating effects on individuals and families, with millions facing poverty and homelessness. It prompted significant government intervention in the economy, leading to the New Deal reforms under President Franklin D. Roosevelt. These initiatives sought to stabilize the economy, provide relief to the unemployed, and reform financial systems, ultimately reshaping the role of government in American life.


Equestions.com Team – Verified by subject-matter experts
Related Questions
What was the name of the period marked by the economic downturn in the U.S. during the 1930s?
The name of the period marked by the economic downturn in the U.S. during the 1930s is the...
What was the economic impact of the Great Depression on European nations in the 1930s?
The economic impact of the Great Depression on European nations in the 1930s was severe and widespread. As...
What event in 1929 marked a significant economic downturn in the United States?
The event in 1929 that marked a significant economic downturn in the United States was the stock market...
What was the primary cause of the economic downturn known as the Great Recession?
The primary cause of the Great Recession, beginning in 2007, was the collapse of the housing market due...
What global event significantly altered the social and economic life of the United States during the 1930s?
The global event that significantly altered the social and economic life of the United States during the 1930s...
What significant internal conflict arose from the economic troubles in the United States during the 1930s?
The significant internal conflict that arose from the economic troubles in the United States during the 1930s was...
What inability during the 1920s marked a significant economic downturn for the U.S.?
The inability of the U.S. during the 1920s that marked a significant economic downturn was an over-reliance on...
What global event was triggered by the economic depression of the 1930s?
The global event triggered by the economic depression of the 1930s was World War II. The Great Depression,...
What was the significance of the economic depression of the 1930s in the U.S.?
The economic depression of the 1930s, known as the Great Depression, had significant repercussions in the U.S. economy...
What were the primary causes of the Great Depression in the 1930s?
The primary causes of the Great Depression in the 1930s included stock market speculation, bank failures, and the...
What major economic crash occurred in 1929 leading to the Great Depression?
The major economic crash that occurred in 1929, leading to the Great Depression, is known as the Wall...
What was the economic impact of the Great Depression on the United States?
The Great Depression, which began with the stock market crash in 1929 and lasted through the 1930s, had...
← Previous Next →