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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. |
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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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