The Great Depression

The Great Depression was a severe economic crisis that began with the stock market crash of 1929. Millions of Americans lost their jobs, homes, and savings, leading to widespread poverty and social hardship. In response, President Franklin D. Roosevelt introduced the New Deal, a series of programs and reforms aimed at economic recovery, job creation, and social welfare. This era profoundly reshaped the relationship between the federal government and American society, establishing new precedents for economic intervention and social support.