The Business Cycle

By nwalsdorf
  • Period: to

    the roaring 20's

    time of huge economic prosperity and innovative, industrial spirit. republican administrations took a hands-off approach to managing the economy.

  • The Great Depression

    on Thursday, Oct 24, 1929, the economy collapsed almost overnight. This day was called "black thursday"

  • black thursday

    begining of the great depression. stock market collapsed almost overnight

  • new deal

    a deal that injected governement money into the economy.

  • world war II

    put the country on a war footing and demanded high employment and productivity. largest GDP growth the U.S. has ever seen
  • Period: to

    korean war

    during the korean war, the U.S. economy expanded.

  • the 1960's

    a time of civic protest, political assassination and moral experimentatinon, but was still prosperous during this time. inflation started to accelerate in the final years of the decade

  • gulf war

    resulted in a breif period of recession which was followed by the logest period of expansion the U.S. has ever seen