AP MacroeconomicsEconomic History & Events
Great Depression
The Great Depression was a severe worldwide economic downturn in the 1930s, with mass unemployment and collapsing output and prices.
In the U.S., unemployment hit about 25% and GDP fell sharply after the 1929 stock-market crash and banking failures. It shaped modern macroeconomics, inspiring Keynesian demand management and a larger role for government.
Interactive graph
Business Cycle →
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Study module
The Business Cycle →
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