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Q: History of U.S. Recessions ( Answered,   0 Comments )
Question  
Subject: History of U.S. Recessions
Category: Business and Money > Economics
Asked by: cheshamjim-ga
List Price: $2.00
Posted: 02 Sep 2002 12:36 PDT
Expires: 02 Oct 2002 12:36 PDT
Question ID: 60994
I need to identify all years (since 1900) in which previous U.S.
economic recessions have occured.
Answer  
Subject: Re: History of U.S. Recessions
Answered By: digsalot-ga on 02 Sep 2002 13:37 PDT
 
Hi cheshamjim

Recession troughs were reached during the following years since 1900. 
The month listed is when the recession "bottomed out."

Dec. 1900 - Aug. 1904 - June 1908 - Jan. 1912 - Dec. 1914 - Mar. 1919
- July 1921 - July 1924  - Nov. 1927 - (From Aug. 1929 through Mar.
1933 the classic Great Depression) - June 1938 - Oct. 1945 - Oct. 1949
- May 1954 - Apr. 1958 - Feb. 1961 - Nov. 1970 - Mar. 1975 - July 1980
- Nov. 1982 - Mar. 1991

Since 1991, there has been an economic recovery followed by another
recession the "trough" of which is yet to be determined, making a
total of 22 "recessions."

The above listing is based on the simple definition - "Periods of
economic expansion are typically called booms; periods of economic
decline are called recessions or depressions." - Quote and figures are
from the website - "Business Cycles, by Christina D. Romer: The
Concise Encyclopedia of Economics: Library of Economics and Liberty" -
( http://www.econlib.org/library/Enc/BusinessCycles.html ) - You will
find a lot more information about economic cycles and their causes
when you visit the site.

If I can add clarification to any of the above, please don't hesitate
to ask.

Search - Google
Key terms - economic cycles usa, recession history usa

Cheers
digsalot
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