Question

What major national economic crisis occurred during the 1930s

Answer 1

The major national economic crisis that occurred during the 1930s was the Great Depression. It began in the United States with the stock market crash of October 1929 and quickly spread to other countries around the world. The Great Depression was characterized by widespread unemployment, severe declines in economic activity, bank failures, and a significant drop in consumer spending and investment. It had profound social, political, and economic effects, leading to changes in government policies and economic theories, particularly in the United States under President Franklin D. Roosevelt's New Deal.