the great depression led to many fall backs among millions of americans during FDR's presidency. It was an atrocious event after the stock market crashed on October 24th, 1929. Banks, Companies, Bonds, Stocks, Agriculture, etc... were all massively impact by thus event. This led to the creation of the New Deal in 1933 to give americans jobs and help domestically the country all around. The creation of the CCC, SSA, TVA, all helped america grow, but it wasn't until WW2 when the US escaped this great depression. It could be characterised as a massive global impact and important coming out of the progressive era.