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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.
The recession of 1937–1938, which slowed down economic recovery from the Great Depression, is explained by fears of the population that the moderate tightening of the monetary and fiscal policy in 1937 were first steps to a restoration of the pre-1933 policy regime. [110]
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An expected side of economic hard times could be a longer life, according to a new study by the University of Michigan's Institute for Social Research. Its research about the Great Depression has ...
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.
May 1937. June 1938. 1 year, 1 month. The Late ’60s Recession. December 1969. November 1970. 11 months. The Late ’40s Recession. November 1948. October 1949. 11 months. The Early ’60s ...
The recession of 1937–38, which slowed down economic recovery from the Great Depression, is explained by fears of the population that the moderate tightening of the monetary and fiscal policy in 1937 would be first steps to a restoration of the pre March 1933 policy regime.
More people are reading fiction for the first time in 26 years, and some of that increase may be due to the recession. The National Endowment for the Arts reported in a report released Monday that ...