During which historical event was the Great Depression notably felt?

The Great Depression is closely associated with the stock-market crash of October 1929, which marked the beginning of a decade-long economic downturn. This event led to a severe decline in stock prices, resulting in widespread panic among investors and significant financial losses. The crash contributed to a contraction in consumer spending and business investment, leading to high unemployment rates and widespread poverty.

As the effects of the crash rippled through the economy, banks failed, companies went bankrupt, and millions lost their jobs and savings. This context helps to understand why the stock-market crash is considered a key event that not only initiated the Great Depression but also encompassed its most challenging years. Other historical events, such as World War I, the tech boom of the 1990s, or the housing market crisis of 2008, are not directly linked to the onset or experience of the Great Depression, making the association with the October 1929 crash particularly significant.