SimilaritiesThere are some big similarities between the two big economic crises.
Both situations had major crashes in the stock markets, and problems with banking. Whenever there is an economic crisis the unemployment rates shoot up and things get more expensive. |
DifferencesThe Great Depression had many different factors that lead to the grand fall. This makes it very hard to go back and pin point and exact time or event that caused the economy such a hard downfall. With looking at The Great Recession it is a bit easier to pin point. The Great Recession had many flaws in the economy which lead to the problems but one main problem does stick out.
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