The Great Depression is widely considered to have begun in 1929, specifically marked by the stock market crash on October 29, often referred to as "Black Tuesday." This catastrophic economic downturn led to widespread unemployment, bankruptcies, and a significant reduction in consumer spending. The impact was not only financial but also social, as families struggled for basic necessities, and entire communities were changed. The effects of the Great Depression rippled across the globe, sparking a reevaluation of economic policies and leading to the creation of social safety nets designed to prevent such an economic disaster from recurring.