The Great Depression vs. the Great Recession

**The Great Depression (1929)**<br><br>* Duration: 10 years (1929-1939)<br>* Unemployment: 25% (1929-1933)<br>* GDP decline: -26.7% (1929-1933)<br>* Stock market: -48.5% in 1929<br>* Global trade decline: -65% (1929-1934)<br>* Rise of fascist and nationalist movements in Europe<br>* The New Deal and government intervention eventually helped stabilize the economy<br><br>**The Great Recession (2007)**<br><br>* Duration: 2 years (2007-2009)<br>* Unemployment: 10% (2009-2010)<br>* GDP decline: -5.1% (2007-2009)<br>* Stock market: -38.5% in 2008<br>* Global trade decline: -12.2% (2008-2009)<br>* Rise of populist movements in the US and Europe<br>* Unprecedented monetary policy and government intervention helped stabilize the economy<br><br>The Great Depression was a global economic downturn that lasted for over a decade, while the Great Recession was a shorter and less severe economic downturn. Both events had significant impacts on the global economy, politics, and society.