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What are the similarities and the differences between the great recession and the great depression? Similar: problems existed, the economic down, stock market, Diff: there was a decrease, the overall price, declining aggregate
The main difference between the Great Recession and the Great Depression is the period and depth of the events. In 2007-2009, the Great Recession occurred due to the US housing bubble burst. In 1929-1939, there was a major fall in stock prices that phase was known as the Great Depression.
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