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Recessions and Depressions Recessions and Depressions

This category contains articles about all major US financial depressions and recessions going back to the Great Depression. It contains information about the causes, reaction and response, and after effects of each of these events in great detail. It also includes discussion of potential long running impacts of any interventions that were implemented in the wake of each recession or depression.

  • Recessions and Depressions

    Recessions and Depressions: A Comprehensive Overview 

    Introduction Definition of Recessions and Depressions A recession is a period of negative economic growth that lasts for at least two consecutive quarters, while a depression is a more severe and prolonged downturn. Both are characterized by reduced economic activity, high unemployment rates, and declining business investments. Common Features Recessions and depressions share some common …
    Recessions and Depressions: A Comprehensive Overview
  • Recessions and Depressions

    The Great Depression (1929-1933) 

    Introduction The Great Depression was a severe and prolonged economic downturn that lasted from 1929 to 1933. It began in the United States and eventually spread globally, affecting millions of people and causing widespread unemployment, poverty, and economic collapse. The Great Depression followed a period of unprecedented growth and prosperity during the 1920s, known as …
    The Great Depression (1929-1933)
  • Recessions and Depressions

    The Roosevelt Recession (1937-1938) 

    Introduction The Roosevelt Recession (1937-1938) was a severe economic downturn that occurred after the Great Depression, a period of significant economic decline that began in 1929 and lasted until the late 1930s. The recession was named after President Franklin D. Roosevelt, who was in office at the time. This recession happened after a period of …
    The Roosevelt Recession (1937-1938)
  • Recessions and Depressions

    The Union Recession (1945) 

    Introduction The Union Recession (1945) was a significant economic downturn that occurred in the United States shortly after the end of World War II. A sharp decline in industrial production, rising unemployment, and an overall slowdown in economic growth marked this recession. The historical and economic context leading up to the recession was the rapid …
    The Union Recession (1945)
  • Recessions and Depressions

    The Post-War Recession (1948-1949) 

    Introduction The Post-War Recession (1948-1949) was a period of economic decline in the United States after World War II. Decreased economic growth, high unemployment rates, and a drop in consumer spending marked the recession. Before this recession, the U.S. experienced rapid economic growth during the war due to increased government spending, manufacturing, and technological advancements. …
    The Post-War Recession (1948-1949)
  • Recessions and Depressions

    The Post-Korean War Recession (1953-1954) 

    Introduction The Post-Korean War Recession (1953-1954) refers to a period of economic contraction in the United States following the end of the Korean War in 1953. This recession was characterized by reduced industrial production, decreased consumer spending, and increased unemployment. The historical and economic context leading up to the recession can be traced back to …
    The Post-Korean War Recession (1953-1954)
  • Recessions and Depressions

    The Eisenhower Recession (1957-1958) 

    Introduction The Eisenhower Recession was an economic downturn that took place in the United States between 1957 and 1958. It was named after President Dwight D. Eisenhower, who was in office then. The recession was characterized by a sharp contraction in economic activity, high unemployment rates, and a decline in industrial production. This article will …
    The Eisenhower Recession (1957-1958)
  • Recessions and Depressions

    The Rolling Adjustment Recession (1960-1961) 

    Introduction The Rolling Adjustment Recession (1960-1961) was a period of economic decline in the United States that lasted for about a year. Although not as severe as other recessions, it significantly impacted the economy and society. This article will delve deeper into the historical and economic context leading up to the recession, the primary causes …
    The Rolling Adjustment Recession (1960-1961)
  • Recessions and Depressions

    The Oil Shock Recession (1973-1975) 

    Introduction The Oil Shock Recession (1973-1975) was a severe global economic downturn caused by a sharp increase in oil prices, which resulted in high inflation and unemployment rates. This recession had significant historical and financial implications, highlighting the world’s dependence on oil and the global economy’s vulnerability to sudden price shocks. The period leading up …
    The Oil Shock Recession (1973-1975)
  • Recessions and Depressions

    The Energy Crisis #1 Recession (1980) 

    Introduction The 1980 Recession, sometimes referred to as the “Energy Crisis Recession,” was a significant economic downturn that affected countries around the world. Its historical and economic context can be traced back to the early 1970s when the global economy faced several challenges, including the end of the post-World War II economic boom, the collapse …
    The Energy Crisis #1 Recession (1980)
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