| Summary: | There have been lots of debates about differences and similarities between 1929 depression that had deep impacts on the world economy; and 2008 global crisis known as the deepest crisis since 1929; in terms of their occurrence reasons and progress trends. One of those similarities is about the crises global dimension. For instance, both of the crises formed in the United States (US) economy first and spread fast and afterwards affected the European and other economies. Other similarity is, both of the crisis started at finance sector firstly and expanded to real sector because of interdependence among countries. Normally effects of both crisis caused huge shrinkages in growth rates and huge increases in unemployment rates. Some of the differences are; nowadays there is much more knowledge and experience compared to past years to overcome economic crises, differences among external trade policies following the crisis and common behaviors of countries etc. This study aims to present the effects of 1929 Depression and 2008 Global Crisis on real and financial sector comparatively.
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