The Great Depression occurred due to the outcome of the infamous 1929 stock market crash in the U.S. and lasted all the way until 1939. The unemployment rate in the U.S rose drastically, people lost their homes, and some didn’t even have enough money to purchase basic necessities. It’s safe to say the economic impact of the Great Depression was massive and resulted in human suffering as well as major changes in government policy. It should also be noted that the Great Depression didn’t only affect the U.S. at the time.