The Great Depression, also known as the 1929 crisis, was a major global financial

crisis that lasted through the 1930s, in the years leading up to World War II.

The so-called Great Depression originated in the United States, from the fall of the
New York stock market on Tuesday, October 29, 1929 and spread to all countries
of the world.

The depression had devastating effects in almost all countries, rich and poor, where
insecurity and misery were transmitted like an epidemic, such that national income,
tax revenues, business profits and prices fell.

The crisis originated in the United States, starting with the Wall Street stock
market crash of 1929 (known as Black Tuesday, although five days before, on
October 24, Black Thursday had already occurred), and quickly spread to almost
every country in the world.