The Great Depression began with the ____ in 1939 and devastated the American economy followed by the world economy.

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The Great Depression began with the Wall Street Crash in 1939 and devastated the American economy, followed by the world economy.
The stock market crash signalled the start of a decade characterised by high unemployment, poverty, meager earnings, deflation, sharp declines in farm incomes, and missed prospects for economic progress. There was an overall decline in confidence in the direction of the economy. Although there were a few rallies along the way, the decline continued until 1932, when stock averages were only about one-fourth of what they had been in 1929. The stock market and industrial production followed each other quickly, resulting in the worst unemployment rate in the nation's history. The unemployment rate in 1933 was at least 25%. Inflation-adjusted salaries had decreased by 40%, while industrial earnings had decreased by 60%.

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