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The National Bureau of Economic Research dates recessions on a monthly basis back to 1854; according to their chronology, from 1854 to 1919, there were 16 cycles. The average recession lasted 22 months, and the average expansion 27. From 1919 to 1945, there were six cycles; recessions lasted an average 18 months and expansions for 35.
A brief, two-year period of expansion occurred between 1958 and 1960, followed by another monetary recession in 1960. Feb 1961– Dec 1969 106 +3.3% +4.9%: A long expansionary period began in 1961. Incomes and employment rose, while poverty fell sharply.
The following articles contain lists of recessions: List of recessions in the United Kingdom; List of recessions in the United States
Source: National Bureau of Economic Research. From 1860 to 1900, the economy was in recession 48% of the time. From 1900 to 1940, it was in recession 43% of the time.
3 years, 7 months. The Great Recession–aka The 2008 Financial Crisis. December 2007. June 2009. 1 year, 6 months. The Early ’80s Recession. July 1981. November 1982. 1 year, 4 months. The Mid ...
List of recessions in the United States; 0–9. 1973–1975 recession; C. Copper Panic of 1789; COVID-19 recession; D. Depression of 1882–1885; E.
Differences explicitly pointed out between the recession and the Great Depression include the facts that over the 79 years between 1929 and 2008, great changes occurred in economic philosophy and policy, [9] the stock market had not fallen as far as it did in 1932 or 1982, the 10-year price-to-earnings ratio of stocks was not as low as in the ...
“The good news is that recessions have been getting shorter and shorter over the last 75 years. Many recessions now last less than a year, while the upturns last three years or more,” he said.