History

Early 1950′s Recession

JULY 1953 – MAY 1954 (10 months) The Early 50s recession, also known as the Recession of 1953, was mainly brought about because of the post Korean War financial bungles that often accompany the end of any war. False highs, this time in the form of a large inflationary period, came crashing down as the… Read More

Late 1950′s Recession

AUGUST 1957 – APRIL 1958 (8 months) The late 50s recession, also called the recession of 1957, struck the late 50s with high unemployment rates and failing businesses. It was mostly due to the tightened monetary policy of the Federal Reserve. However, as the policy had been tightened two years previous, towards the end of… Read More

Late 1960′s Recession

DECEMBER 1969 – NOVEMBER 1970 (11 months) The Late 60s recession, though not nearly as problematic as its predecessor in the early sixties, was characterized once again by unemployment and unhealthy amounts of inflation. The modern economic cycle seems, usually, to bring about smaller “aftershocks” when a notably sized recession comes to an end. The… Read More

Post World War I Recession

1918 – 1921 The Post-World War 1 recession was a recession that was characterized by severe hyperinflation in Europe, which spread to North America. Though brief, the recession was sharp. A lot of it had to do with the lost production that was halted at the end of the war. This, coupled with the influx… Read More

Late 1940′s Recession

NOVEMBER 1948 – OCTOBER 1949 (11 months) The late 40s recession might be what some would consider another routine cycle of the modern economic model. As it has been proven over and over again, when the Federal Reserve fails to maintain the delicate balance that exists between the money supply, the interest rates, and inflation… Read More

Late 2000′s Recession

DECEMBER 2007 – PRESENT DAY (13+ months) The late 2000s recession was started by the collapse of the housing market. Suddenly, it seemed like nobody could sell real estate. This put many real estate companies in jeopardy, and some even went out of business. Then, bank collapses caused a sort of public panic. These occurred… Read More

Early 1960′s Recession

APRIL 1960 – FEBRUARY 1961 (10 months) The Early 1960s recession, also called the Recession of 1960, was yet another chapter in the modern economic cycle that has shown its ugly side so many times to the U.S., as well as to the world. This recession was characterized by, once again, astronomically high unemployment rates… Read More

Early 2000′s Recession

MARCH 2001 – NOVEMBER 2001 (8 Months) The Early 2000s recession took place in the U.S. for a number of different reasons. One was the collapse of the dot.com bubble. A false high, created in the initial, money-making wave of the internet that swept the world, finally came crashing down to a realistic level. Also… Read More

1970′s Oil Crisis

NOVEMBER 1973 – MARCH 1975 (16 months) The 1970s oil crisis really began in 1973. What we see in this crisis is the fact that prices of commodities like oil play a much more vital role in our economy than most think. The world needs so much oil every day to run, and will literally… Read More

1926 Recession

OCTOBER 1926 – NOVEMBER 1927 (13 months) The recession of 1926 is one that few remember, as it came just a little ways before the Great Depression, and is often overshadowed by it. So, what do we know about the recession of 1926? Well, we know that British coal miners went on strike that year… Read More