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Trout, Charles H. Boston, the Great Depression, and the New Deal (1977) online; Uys, Errol Lincoln. Riding the Rails: Teenagers on the Move During the Great Depression (Routledge, 2003) ISBN 0-415-94575-5 author's site; Warren, Harris Gaylord. Herbert Hoover and the Great Depression (1959). scholarly history online; Watkins, T. H.
A deep recession began at the end of that year, bringing an end to the Great Moderation, a period of stable economic expansion and employment growth that began in the early 1980s. June 2009– Feb 2020 128 +1.1% [9] +2.3% [9]
Until the start of the COVID-19 recession in 2020, no post-World War II era came anywhere near the depth of the Great Depression. 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 ...
Further decreases in trade of manufactured products led to layoffs and reduced corporate profits, weakening the economy. General consensus among economists is that the Smoot-Hawley Act did not cause the Depression, but did worsen it and stunted recovery efforts after 1933. Exports declined from $5.2 billion in 1929 to just $1.7 billion in 1933.
The 1973–1975 recession or 1970s recession was a period of economic stagnation in much of the Western world during the 1970s, putting an end to the overall post–World War II economic expansion. It differed from many previous recessions by involving stagflation, in which high unemployment and high inflation existed simultaneously.
The Great Depression did not strongly affect Japan. The Japanese economy shrank by 8% during 1929–31. Japan's Finance Minister Takahashi Korekiyo was the first to implement what have come to be identified as Keynesian economic policies: first, by large fiscal stimulus involving deficit spending; and second, by devaluing the currency ...
The term was reportedly coined by Claudia Goldin and Robert Margo [1] in a 1992 paper, [2] and is a takeoff on the Great Depression, an event during which the Great Compression started. Share of pre-tax household income received by the top 1%, top 0.1%, and top 0.01%, between 1917 and 2005 [3] [4]
After experiencing declining homicide rates during the Great Depression, World War II, and during the initial Cold War, the U.S. homicide rate increased by a factor of 2.5 between 1957 and 1980 while rates of rape, assault, robbery, and theft experienced similar surges and did not return to comparable levels until the 1990s. [31] [32]