The Great Depression was an economic recession that lasted about ten years. For many countries, it began in 1929 and ended in 1939. It affected most of the Western world. This forced the market price to fall sharply.
Buying things on credit contributed to the Great Recession because people bought things they couldn't buy on credit. The Great Depression is considered an economic recession that occurred in the world around 1929, when the world was in economic trouble. Thus, during the Great Recession, people bought on credit and things that they could not afford, contributing to the economic downturn.
The Great Recession was an economic downturn caused by a stock market crash. This leads to job losses for many people and negatively affects the overall economy.
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