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The causes of the Great Depression are a matter of active debate among economists, and are part of the larger debate about economic crises, although the popular belief is that the Great Depression was caused by the crash of the stock market.
Programs to address the Depression began in earnest in 1933 after the election of Franklin Delano Roosevelt. But the after-effects continued until World War II in 1941. The Great Depression was a massive global economic recession (or depression) that ran from 1929 to 1941.It led to massive bank failures, high unemployment, as well as dramatic drops in GDP, industrial production, stock market share prices and virtually every other measure of economic growth.he Great Depression originated in the United States; historians most often use as a starting date the stock market crash on October 29, 1929, known as Black Tuesday. The depression had devastating effects in virtually every country, rich or poor.