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tragedy (n.)

late 14c., "play or other serious literary work with an unhappy ending," from Old French tragedie (14c.), from Latin tragedia "a tragedy," from Greek tragodia "a dramatic poem or play in formal language and having an unhappy resolution," apparently literally "goat song," from tragos "goat, buck" + ōidē "song" (see ode), probably on model of rhapsodos (see rhapsody).

The connection may be via satyric drama, from which tragedy later developed, in which actors or singers were dressed in goatskins to represent satyrs. But many other theories have been made (including "singer who competes for a goat as a prize"), and even the "goat" connection is at times questioned. Meaning "any unhappy event, disaster" is from c. 1500.

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Definitions of tragedy from WordNet

tragedy (n.)
an event resulting in great loss and misfortune;
tragedy (n.)
drama in which the protagonist is overcome by some superior force or circumstance; excites terror or pity;
From wordnet.princeton.edu