What are the similarities and the differences between the Great Recession and the Great Depression?

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History

Cristopher Li

11 February, 21:37

What are the similarities and the differences between the Great Recession and the Great Depression?

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King Meyers · Answer 1

Well ... to start with the "Recession " Tops The Great Depression. When the stock market crashed in October 1929, it was only the beginning of a long period of economic decline and uncertainty that would last more than a decade ... In 2011 those few years often where described as the worst economic crisis since the Great Depression. But how do the two differ in a quick answer. The difference between the two is that the unemployment rate in "The Great R ecession" was less severe than in "The Great D epression"