Q. 100 / 128American History → Recent History & Movements
When did the Great Depression start?
OFFICIAL ANSWER
- The Great Crash (1929)
- Stock market crash of 1929
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Context
On October 29, 1929, the stock market collapsed, wiping out billions in wealth and eroding public confidence. Banks failed, businesses closed, and unemployment reached 25 percent by 1933. President Franklin D. Roosevelt's New Deal programs, launched in 1933, sought to provide relief and reform the economy.
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