Final answer:
The Great Depression was a period of economic hardship in the United States with high unemployment, falling prices, and decreased business activity.
Explanation:
The Great Depression was a period in the United States marked by high unemployment, severe decreases in business activity, and falling prices, lasting from 1929 until the onset of World War II.
During this time, the national unemployment rate reached 25 percent, industrial output dropped significantly, and the stock market assets lost more than half their value.
These economic hardships led to widespread challenges, including bank closures, decreased GDP, and a significant impact on the nation's material well-being.
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