Connect with knowledgeable experts and enthusiasts on IDNLearn.com. Discover detailed and accurate answers to your questions from our knowledgeable and dedicated community members.
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.