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- But with the surrender of both Germany and Japan in 1945, military contracts were slashed and soldiers started coming home, competing with civilians for jobs. As government spending dried up, the economy dipped into a serious recession with GDP contracting by a whopping 11 percent.
www.history.com/news/us-economic-recessions-timelineHow the US Got Out of 13 Economic Recessions Since World War II
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Apr 29, 2020 · Starting with an eight-month slump in 1945, the U.S. economy has weathered 13 different recessions since World War II. On average, America’s post-war recessions have lasted only 10...
- Dave Roos
May 14, 2020 · In the summer of 1945, as World War II drew to a close, the U.S. economy was poised on the edge of an uncertain future. Would it be able to transition from a full-bore war economy to a...
- Sarah Pruitt
- 3 min
May 31, 2024 · Reasons and causes: The 1945 recession reflected massive cuts in U.S. government spending and employment toward the end and immediately after World War II. Federal spending fell 40% in...
- COVID-19 Recession (February - April 2020) The COVID-19 recession is by far the deepest since World War II. It is also the shortest, lasting only two months from peak to trough.
- The Great Recession of 2008 (December 2007 - June 2009) The Great Recession was the longest recession since World War II; it was also the deepest until the COVID-19 recession of 2020.
- The September 11 Recession (March - November 2001) This recession is often called the “dot-com recession” because it started when the stock prices of internet companies crashed.
- The Gulf War Recession (July 1990 - March 1991) The Gulf War Recession was brief and mild: It lasted only eight months, and real GDP fell 3.6% in the fourth quarter of 1990.
Dec 13, 2019 · The Great Recession of 2007-2009 was one of the deepest downturns of the U.S. economy since World War II. Triggered by crises in the housing and financial markets, the recession evokes memories of homes in foreclosure, the collapse of Lehman Brothers, and bailouts for businesses in the auto, banking and financial sectors.
Feb 8, 2022 · Back during World War II, the United States took a radically different approach to fighting inflation. And the mess that ensued might explain why the Biden Administration, and most other ...
Nov 9, 2023 · Key findings: After World War II, the US economy faced a sharp but temporary rise in inflation. Subsequent actions by the Federal Reserve led to an excessive tightening of financial conditions. This was a decisive factor in the ensuing recession of 1949.
