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The recession was short, but extremely painful. The year 1920 was the single most deflationary year in American history; production, however, did not fall as much as might be expected from the deflation. GNP may have declined between 2.5 and 7 percent, even as wholesale prices declined by 36.8%. [32]
From the trough of the recession of 1945 to the late-2000s recession, there have been eleven periods of expansion, lasting an average of fifty-nine months. [1] Included during this period is the post–World War II economic expansion through the 1973–75 recession, a period of stagflation between 1974 and 1981, and the Great Moderation from ...
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1 year, 4 months. The Great Depression–Late ’30’s. May 1937. June 1938. 1 year, 1 month. The Late ’60’s Recession. December 1969. November 1970. 11 months. The Late ’40’s Recession ...
Shanghai Composite dropped to a four-year low, escalating their economic downturn since the 2015 recession. [37] [38] 2020 stock market crash: 24 Feb 2020: The S&P 500 index dropped 34%, 1145 points, at its peak of 3386 on 19 February to 2237 on 23 March. This crash was part of a worldwide recession caused by the COVID-19 lockdowns. [39] [40] [41]
Along the way, the index peaked at 1,527.46 in 2001 and then crashed to 776.76 over a period of 30 months. Barack Obama is sworn in as the 44th president of the United States Analysis
The U.S. economy grew faster than previously reported in Q2 2024 as consumers spent more than expected on goods and services in the three months ended June 30.
Panic of 1825, a pervasive British recession in which many banks failed, nearly including the Bank of England Panic of 1837 , a U.S. recession with bank failures, followed by a 5-year depression Panic of 1847 , started as a collapse of British financial markets associated with the end of the 1840s railway industry boom