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The 1973–1975 recession or 1970s recession was a period of economic stagnation in much of the Western world (i.e. the United States, Canada, Western Europe, Australia, and New Zealand) during the 1970s, putting an end to the overall post–World War II economic expansion.
The 1973–1974 stock market crash caused a bear market between January 1973 and December 1974. Affecting all the major stock markets in the world, particularly the United Kingdom, [ 1 ] it was one of the worst stock market downturns since the Great Depression , the other being the financial crisis of 2007–2008 . [ 2 ]
At the end of the expansion, inflation was rising, possibly a result of increased deficits. This relatively mild recession coincided with an attempt to start closing the budget deficits of the Vietnam War (fiscal tightening) and the Federal Reserve raising interest rates (monetary tightening). [40] 1973–1975 recession: November 1973 – March ...
The global recession of 1973–1975 proved more effective than the United Nations in ending the global demand for Rhodesian products, which made the Rhodesian recession especially severe. [153] Unlike South Africa, which had a sizable and long-standing white population, the white population of Rhodesia was much smaller and more recent.
A two-year recession was just the tip of the iceberg. A two-year recession was just the tip of the iceberg. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290 ...
The following video is part of our "Motley Fool Conversations" series, in which consumer-goods editors and analysts Austin Smith and Brendan Byrnes discuss topics around the investing world.In ...
The National Bureau of Economic Research, the arbiter of when recessions begin and end, has reported that the Great Recession ended June 2009. In a report released Monday, the NBER's Business ...
During this recession, the Gross Domestic Product of the United States fell 3.2%. Although the recession ended in March 1975, the unemployment rate did not peak for several months. In May 1975, the rate reached its height for the cycle of 9%. [35] The recession also lasted from 1973 to 1975 in the United Kingdom.