Which statement best summarizes the period known as the great depression

Answer 1

The Great Depression was a severe worldwide economic downturn that occurred in the 1930s, resulting in mass unemployment, financial crisis, and economic stagnation. It was triggered by the stock market crash of 1929 and was characterized by widespread poverty, reduced industrial production, and a decline in international trade. The period saw significant social and political upheaval and marked the beginning of extensive government intervention in the economy.