Why was 1929 bad for the world?

Answer 1

The year 1929 marked the onset of the Great Depression, a severe global economic downturn triggered by the Stock Market crash in the United States. This event led to widespread unemployment, bank failures, and a dramatic decline in industrial production across many countries. The economic turmoil caused significant hardship for millions, resulting in social unrest and contributing to political instability in various regions. The repercussions of the Great Depression lasted throughout the 1930s, profoundly shaping economic policies and societal structures worldwide.