The Great Depression is a historical event that has received much scholarly attention. In spite of this, there is a dearth of literature focusing directly on the economic context of the Great Depression. This gap, accentuated by extant studies, has created a need for a study in this regard. Using the extant literature, consistent with an interdisciplinary approach, the paper discusses the concept and causes of the Great Depression, and its economic implications are equally examined. The efforts made by the US to cushion the effects of the Great Depression, as well as the end of the Great Depression, have been analysed. The paper argues that the Great Depression had negatively affected the economy of the US and even beyond. It concludes that the policy measures to nip in the bud the critical challenges that emanated from the depression did not speedily revive the US economy, but at a slow pace, the country came out of the Great Depression.
Keywords: Causes, Effects, Great Depression, United States, economic aspects, end
