Why was the economic depression that began in he second half of the 1920s called the great depression

The Great Depression was a severe worldwide economic depression that took place during the 1930s. The timing of the Great Depression varied across nations; in most countries it started in 1929 and lasted until the late 1930s

Because all of the farmers and working class Americans who relied on the stock market and the revenue it generated all of a sudden lost ALL of their money and being as though America's population was majority working class the U. S suffered Major economic loss. Also it put alot of businesses and corporate companies in bankruptcy. Not to mention the trade that was being done between nations that depended on trade beteen foreign people crashed to a complete plummit.