The economic depression of the 1930s, known as the Great Depression, had significant repercussions in the U.S. economy and society. Triggered by the stock market crash of 1929, it resulted in widespread unemployment, business closures, and a dramatic decline in consumer spending and investment. The crisis led to significant social upheaval, with millions facing poverty and homelessness. In response, the government implemented the New Deal, a series of programs and reforms aimed at economic recovery and social welfare. This period reshaped the relationship between the government and the economy, highlighting the need for regulation and social safety nets.