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Annual Employment Growth [2] Annual GDP Growth [3] Description Oct 1945– Nov 1948 37 +5.2% +1.5%: As the United States demobilized from World War II, the decline in government spending caused a brief recession in 1945 and suppressed GDP growth for several years thereafter. However, private economic activity expanded at a brisk pace throughout ...
November 2 – United States elections, 1982. The Republican Party loses 27 seats to the majority Democratic Party in the House . November 3 – The Dow Jones Industrial Average surges 43.41 points, or 4.25%, to close at 1,065.49, its first all-time high in more than 9 years.
By early 1982, Reagan's economic program was beset with difficulties as the recession that had begun in 1979 continued. In the short term, the effect of Reaganomics was a soaring budget deficit . Government borrowing, along with the tightening of the money supply, resulted in sky high interest rates (briefly hovering around 20 percent) and a ...
The United States entered recession in January 1980 and returned to growth six months later in July 1980. [1] Although recovery took hold, the unemployment rate remained unchanged through the start of a second recession in July 1981. [2] The downturn ended 16 months later, in November 1982. [1]
January 1982 events in the United States (1 C, 14 P) February 1982 events in the United States (1 C, 5 P) March 1982 events in the United States (1 C, 6 P)
The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and 1982. [2] [1] [3] Long-term effects of the early 1980s recession contributed to the Latin American debt crisis, long-lasting slowdowns in the Caribbean and Sub-Saharan African countries, [3] the US savings and loan crisis, and a general adoption of neoliberal ...
January 1982 events in the United States (1 C, 14 P) February 1982 events in the United States (1 C, 5 P) March 1982 events in the United States (1 C, 6 P)
1982 events in the United States by month (12 C) / 1982 disestablishments in the United States (39 C, 16 P) 1982 establishments in the United States (58 C, 153 P) 0–9.