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Dallas skyline in 1936 Kindergarten class in Dallas, circa 1930s. The history of Dallas, Texas, United States, from 1930 to 1945 documents the city's emergence from the Great Depression, its economic boom after several local oil discoveries, its hosting of the Texas Centennial Exposition, and its existence during wartime.
In the Great Depression, GDP fell by 27% (the deepest after demobilization is the recession beginning in December 2007, during which GDP had fallen 5.1% by the second quarter of 2009) and the unemployment rate reached 24.9% (the highest since was the 10.8% rate reached during the 1981–1982 recession). [40]
A History of the Federal Reserve – Volume 2, Book 2: 1970–1986. Chicago: University of Chicago Press. pp. 1243– 1256. ISBN 978-0226213514. Sumner, Scott B. (2021). The Money Illusion: Market Monetarism, the Great Recession, and the Future of Monetary Policy. Chicago: University of Chicago Press. ISBN 978-0226773681
Petroleum prices rose dramatically, greatly benefiting Texas, particularly as compared to other parts of the U.S. that faced recession during this time. A new economic boom emerged which, though not as transformative as the early 1900s, pushed the population of Texas to the point that, by the end of the century, Texas was the second most ...
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Beginning in 1777, Congress repeatedly asked the states to provide money. But the states had no system of taxation either, and were little help. By 1780 Congress was making requisitions for specific supplies of corn, beef, pork and other necessities—an inefficient system that kept the army barely alive. [33] [34]
Families are more likely to feel like the economy is in a recession. Two-thirds of parents with children younger than 18 (66%) feel the economy is in a recession, versus 54% of adults with no ...
In times of economic struggle, Americans tend to change their shopping habits. The "lipstick effect," where people will continue splurging on smaller items such as candles and cosmetics, but delay...