Final answer:
Old Comedy, notably crafted by playwright Aristophanes, was a style of Greek Comedy that satirized social, political, and cultural conditions of the era, using costumes conducive to exaggerated and farcical presentation.
Step-by-step explanation:
The type of Greek Comedy that made fun of social, political, and cultural conditions is known as Old Comedy. This theatrical style was characterized by its use of satire to ridicule the issues of the day and was most famously represented by the playwright Aristophanes. Actors in such comedies wore costumes that allowed for ease of movement and often included exaggerated features, such as a phallus, to underscore the farcical nature of their performances.
Aristophanes' plays actively engaged with contemporary Athenian politics and issues, using humor and mockery as tools to critique and entertain. His play 'Lysistrata' is a prime example of this, wherein the women of Athens initiate a sex strike to end a war, underscoring the power dynamics and societal concerns of the time through comedic elements.
As the Roman Empire adopted Greek theatrical forms, they encountered and adapted these comedies, giving rise to new expressions of the genre that suited Roman tastes, such as the works of Plautus and Terence, which became foundational for later Western comedic traditions.