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From 1879 to 1882, there had been a boom in railroad construction which came to an end, resulting in a decline in both railroad construction and in related industries, particularly iron and steel. [ 25 ] A major economic event during the recession was the Panic of 1884. 1887–1888 recession. March 1887 – April 1888.
e. In the United States, the Great Recession was a severe financial crisis combined with a deep recession. While the recession officially lasted from December 2007 to June 2009, it took many years for the economy to recover to pre-crisis levels of employment and output. This slow recovery was due in part to households and financial institutions ...
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 this period.
Recession Period. Start. End. Total Time Elapsed. The Great Depression–Late ’20s and Early ’30s. August 1929. March 1933. 3 years, 7 months. The Great Recession–aka The 2008 Financial Crisis
The Great Recession was a period of market decline in economies around the world that occurred in 2007 to 2009. The scale and timing of the recession varied from country to country (see map). [ 1 ][ 2 ] At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great ...
The United States housing market correction (a consequence of the United States housing bubble) and subprime mortgage crisis significantly contributed to a recession. The 2007–2009 recession saw private consumption fall for the first time in nearly 20 years. This indicated the depth and severity of the recession.
The concept of the center of population as used by the U.S. Census Bureau is that of a balance point. The center of population is the point at which an imaginary, weightless, rigid, and flat (no elevation effects) surface representation of the 50 states (or 48 conterminous states for calculations made prior to 1960) and the District of Columbia ...
July 1990 marked the end of what was at the time the longest peacetime economic expansion in U.S. history. [2] [5] Prior to the onset of the early 1990s recession, the nation enjoyed robust job growth and a rising unemployment rate. The Labor Department estimates that as a result of the recession, the economy shed 1.623 million jobs or 1.3% of ...