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Bank run on the Seamen's Savings Bank during the panic of 1857. There have been as many as 48 recessions in the United States dating back to the Articles of Confederation, and although economists and historians dispute certain 19th-century recessions, [1] the consensus view among economists and historians is that "the [cyclical] volatility of GNP and unemployment was greater before the Great ...
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 .
The COVID-19 recession proved to be the shortest recession in US history but had the largest GDP decline since the 1945 recession. [19] The short-term economic effects of the COVID-19 pandemic included supply chain shortages, the collapse of many service and hospitality industries, and a dramatic rise in unemployment.
Great Recession in the United States (2 C, 43 P) Pages in category "Recessions in the United States" The following 18 pages are in this category, out of 18 total.
The National Bureau of Economic Research (NBER) defines a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months." The decline would ...
Factories focused on wartime production had to shut down or retool their production. A short recession occurring in the United States following Armistice Day was followed by a growth spurt. The recession that occurred in 1920, however, was also affected by the adjustments following the end of the war, particularly the demobilization of soldiers.
For much of the last two years, the 2-year US Treasury yield has traded above the 10-year yield. When that happens, it historically has meant a recession is looming. So you’d think that ...
December marked the five-year anniversary of the official beginning of the Great Recession - the most severe economic contraction the United States has experienced since the Great Depression. The ...