​Listing the Differences by Reasons 

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The Great Depression

• Nation’s income rose about 20% (from $74.3 billion in 1923 to $89 billion in 1929)
• In 1929 the top 0.1% of Americans had a combined income equal to the bottom 42%
• The disposable income per capita rose 9% from 1920 to 1929, while the top 1% enjoyed a massive 75% increase in per capita disposable income.
• Reliant on three things to keep the economy afloat: credit sales, luxury spending, and investment by the rich.
• Massive success of the automobile industry, the radio industry also performed exceptionally well as “Radio stations, electronic stores, and electricity companies all needed the radio to survive, and relied upon the constant growth of the radio market to expand and grow themselves.
• World War 1
• Loans
• Stock market crash



The Great Recession

• Credit-debt
• Banks closing
• Feds
• Aforementioned deflation
• Franklin D. Roosevelt’s RRR
• New Deal