Great Depression
A severe worldwide economic depression mostly during the 1930s
Real World Example
The Great Depression was important because it showed how quickly good times can turn into hard times when economies aren't stable. It highlighted the need for government involvement in the economy, leading to ideas like social security and unemployment benefits that still exist today. These ideas help protect people from losing everything during economic downturns. For instance, during a recession, programs like unemployment insurance can help people pay their bills if they lose their jobs. This safety net makes a big difference in people's lives, ensuring they have support in tough times, much like what was needed during the Great Depression.
Practice Version
