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1845–late 1846 recession — ~1 year ~2 years −5.9% — This recession was mild enough that it may have only been a slowdown in the growth cycle. One theory holds that this would have been a recession, except the United States began to gear up for the Mexican–American War, which began April 25, 1846. [16] 1847–1848 recession late 1847 ...
The U.S. Bureau of Labor Statistics estimates that 2.3 million jobs were lost during the recession; at the time, this was a post-war record. [4] Although the recession ended in March 1975, the unemployment rate did not peak for several months. In May 1975, the rate reached its height for the cycle of 9 percent. [5]
The twenty–two-story Edson Hotel, completed in 1929, was the tallest hotel building in Texas for several years. [76] [77] Despite Beaumont's importance during the early boom period, the nearby and already-established commercial center of Houston became the leading city of the period.
3 years, 7 months. The Great Recession–aka The 2008 Financial Crisis. December 2007. June 2009. 1 year, 6 months. The Early ’80s Recession. July 1981. November 1982. 1 year, 4 months. The Mid ...
The economic crisis that struck last year might go down in history as the shortest recession on record - but that history isn't quite history yet. A recession has long been defined as two quarters ...
Construction declined by a similar 300,000. Unemployment rose to a recession peak of 7.8% in June 1980, however, it changed very little through the end of the year, averaging 7.5% through the first quarter of 1981. [8] The official end of the recession was established as of July 1980. [1]
The U.S. economy could have entered a recession before the calendar turned to 2022.
The 1973–1974 stock market crash caused a bear market between January 1973 and December 1974. Affecting all the major stock markets in the world, particularly the United Kingdom, [1] it was one of the worst stock market downturns since the Great Depression, the other being the financial crisis of 2007–2008. [2]