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1902–04 recession
Though not severe, this downturn lasted for nearly two years and saw a distinct decline in the national product. Industrial and commercial production both declined, albeit fairly modestly. -
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Panic of 1907
A run on Knickerbocker Trust Company deposits on October 22, 1907, set events in motion that would lead to a severe monetary contraction. The fallout from the panic led to Congress creating the Federal Reserve System. -
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Panic of 1910–1911
This was a mild but lengthy recession. The national product grew by less than 1%, and commercial activity and industrial activity declined. The period was also marked by deflation. -
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Recession of 1913–1914
Productions and real income declined during this period and were not offset until the start of World War I increased demand. -
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Post-World War I recession
Severe hyperinflation in Europe took place over production in North America. -
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Depression of 1920–21
The 1921 recession began a mere 10 months after the post-World War I recession, as the economy continued working through the shift to a peacetime economy. The recession was short, but extremely painful. -
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1923–24 recession
From the depression of 1920–21 until the Great Depression, an era dubbed the Roaring Twenties, the economy was generally expanding. -
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1926–27 recession
This was an unusual and mild recession, thought to be caused largely because Henry Ford closed production in his factories for six months to switch from production of the Model T to the Model A. -
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Great Depression
Stock markets crashed worldwide. A banking collapse took place in the United States. -
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Recession of 1937–1938
The Recession of 1937 is only considered minor when compared to the Great Depression, but is otherwise among the worst recessions of the 20th century. -
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Recession of 1945
he decline in government spending at the end of World War II led to an enormous drop in gross domestic product, making this technically a recession -
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Recession of 1949
The 1948 recession was a brief economic downturn; forecasters of the time expected much worse, perhaps influenced by the poor economy in their recent lifetimes. -
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Recession of 1953
After a post-Korean War inflationary period, more funds were transferred to national security -
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Recession of 1958
Monetary policy was tightened during the two years preceding 1957, followed by an easing of policy at the end of 1957 -
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Recession of 1960–61
Another primarily monetary recession occurred after the Federal Reserve began raising interest rates in 1959. -
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Recession of 1969–70
he relatively mild 1969 recession followed a lengthy expansion. At the end of the expansion, inflation was rising, possibly a result of increased deficits. -
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1973–75 recession
A quadrupling of oil prices by OPEC coupled with high government spending because of the Vietnam War led to stagflation in the United States. -
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1980 recession
the NBER considers a short recession to have occurred in 1980, followed by a short period of growth and then a deep recession. Unemployment remained relatively elevated in between recessions. -
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Early 1980s recession
The Iranian Revolution sharply increased the price of oil around the world in 1979, causing the 1979 energy crisis. -
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Early 1990s recession
After the lengthy peacetime expansion of the 1980s, inflation began to increase and the Federal Reserve responded by raising interest rates from 1986 to 1989. -
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Early 2000s recession
The 1990s were the longest period of growth in American history. The collapse of the speculative dot-com bubble, a fall in business outlays and investments, and the September 11th attacks,[46] brought the decade of growth to an end. -
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Great Recession
The subprime mortgage crisis led to the collapse of the United States housing bubble. Falling housing-related assets contributed to a global financial crisis, even as oil and food prices soared.