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both were very large financial crashes that caused several businesses, even large ones, to go bankrupt

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both were very large financial crashes that caused several businesses, even large ones, to go bankrupt

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the one in the 1930s was caused around the stock market, while the one in 2008 was mostly linked to the retail/housing market and morgages

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the one in the 1930s was caused around the stock market, while the one in 2008 was mostly linked to the retail/housing market and morgages

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the 2008 great recession lasted from 2008 to 2009 (about a year and a half), while the great depression lasted from 1929-1941 (12 years)

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the 2008 great recession lasted from 2008 to 2009 (about a year and a half), while the great depression lasted from 1929-1941 (12 years)

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Both happened because of the risky investments that were made, because of how confident the people was that the prices of the houses and stock were going to continue going upwards

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Both happened because of the risky investments that were made, because of how confident the people was that the prices of the houses and stock were going to continue going upwards

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In both situations, people freaked out, and started to save more money, and because there wasn't money flowing, the economy got stuck

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In both situations, people freaked out, and started to save more money, and because there wasn't money flowing, the economy got stuck

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the great depression was somewhat caused by over production yet a lack of consumption of consumer goods, and the great recession was caused by many people not paying their mortgages and thus losing their house yet despite the large amount of available housing this cause not enough people were buying houses which was major factor that lead to the great recession

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the great depression was somewhat caused by over production yet a lack of consumption of consumer goods, and the great recession was caused by many people not paying their mortgages and thus losing their house yet despite the large amount of available housing this cause not enough people were buying houses which was major factor that lead to the great recession

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Real GDP plummeted by 31% and the level of prices decreased by 22% during the 1929–1933 Great Depression. During the recession of 2008–2009, real GDP decreased by less than 4 percent as price levels increased gradually.

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Real GDP plummeted by 31% and the level of prices decreased by 22% during the 1929–1933 Great Depression. During the recession of 2008–2009, real GDP decreased by less than 4 percent as price levels increased gradually.

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Causes: Great Depression started with the 1929 stock market crash; 2008 crisis stemmed from the housing market collapse. 

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Causes: Great Depression started with the 1929 stock market crash; 2008 crisis stemmed from the housing market collapse. 

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The U.S. government response to the Great Depression of the 1930s included the New Deal policies initiated by President Franklin D. Roosevelt. These policies aimed to stimulate the economy through public works projects, financial reforms, and social welfare programs.

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The U.S. government response to the Great Depression of the 1930s included the New Deal policies initiated by President Franklin D. Roosevelt. These policies aimed to stimulate the economy through public works projects, financial reforms, and social welfare programs.

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During the 2008 financial crisis, the U.S. government responded with various measures, including the Troubled Asset Relief Program (TARP), which provided financial assistance to banks and other financial institutions. Additionally, the Federal Reserve implemented monetary policies such as quantitative easing to stabilize the financial system and stimulate economic growth.

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During the 2008 financial crisis, the U.S. government responded with various measures, including the Troubled Asset Relief Program (TARP), which provided financial assistance to banks and other financial institutions. Additionally, the Federal Reserve implemented monetary policies such as quantitative easing to stabilize the financial system and stimulate economic growth.

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Responses: Great Depression saw the New Deal; 2008 crisis had TARP and Fed interventions.

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Responses: Great Depression saw the New Deal; 2008 crisis had TARP and Fed interventions.

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Global Impact: Great Depression affected the world deeply; 2008 crisis had global consequences but was more focused.

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Global Impact: Great Depression affected the world deeply; 2008 crisis had global consequences but was more focused.