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The recession of 1937–1938 was an economic downturn that occurred during the Great Depression in the United States. By the spring of 1937, production, profits, and wages had regained their early 1929 levels. Unemployment remained high, but it was substantially lower than the 25% rate seen in 1933.
In 1937, the American economy unexpectedly fell, lasting through most of 1938. Production declined sharply, as did profits and employment. Unemployment jumped from 14.3% in 1937 to 19.0% in 1938. [70] A contributing factor to the Recession of 1937 was a tightening of monetary policy by the Federal Reserve.
Throughout the industrial world, cities were devastated during the Great Depression, beginning in 1929 and lasting through most of the 1930s. Worst hit were port cities (as world trade fell) and cities that depended on heavy industry, such as the steel and automotive industries. Service-oriented cities were hurt less severely.
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.
Oklahoma City was a good place to be the past two years for anyone looking to wait out the recession. So were Minneapolis, Minn., and Buffalo and Rochester, N.Y. Oklahoma's capital had an ...
This recession was one of the main causes of the American Civil War, which would begin in 1861 and end in 1865. This is the earliest recession to which the NBER assigns specific months (rather than years) for the peak and trough. [6] [8] [21] 1860–1861 recession October 1860 – June 1861 8 months 1 year 10 months −14.5% —
The updated comptroller’s report raises the amount of revenue available to the state over the 2024-25 cycle to $194.6 billion. Texas will have an $18.6 billion surplus and avoid a recession ...
The 100 cities most poised for a housing crisis were moved onto the next round of scoring. These 100 cities were then re-ranked and scored on the four factors above as well as (5) foreclosure rate ...