Global Information Lookup Global Information

Recession of 1953 information


GDP growth in the U.S., 1951–1955
  Percent change from preceding period in real GDP (annualized; seasonally adjusted)
  Average GDP growth (1947–2009)
U.S. unemployment rate, 1948–1959

The recession of 1953 was a period of economic downturn in the United States that began in the second quarter of 1953 and lasted until the first quarter of 1954. The total recession cost roughly $56 billion. It has been described by James L. Sundquist, a staff member of the Bureau of the Budget and speechwriter for President Harry S. Truman, as "relatively mild and brief."[1] The 1953 recession is an example of a V-shaped recession, with a sharp three quarter decline that is followed by a sharp recovery.

  1. ^ James L. Sundquist, Politics and Policy: The Eisenhower, Kennedy, and Johnson Years, 1969, pg. 431, IBAN 0815782225

and 23 Related for: Recession of 1953 information

Request time (Page generated in 0.8114 seconds.)

Recession of 1953

Last Update:

The recession of 1953 was a period of economic downturn in the United States that began in the second quarter of 1953 and lasted until the first quarter...

Word Count : 388

List of recessions in the United States

Last Update:

There have been as many as 48 recessions in the United States dating back to the Articles of Confederation, and although economists and historians dispute...

Word Count : 3489

Recession

Last Update:

In economics, a recession is a business cycle contraction that occurs when there is a general decline in economic activity. Recessions generally occur...

Word Count : 8708

Global recession

Last Update:

A global recession is recession that affects many countries around the world—that is, a period of global economic slowdown or declining economic output...

Word Count : 827

Early 2000s recession

Last Update:

The early 2000s recession was a major decline in economic activity which mainly occurred in developed countries. The recession affected the European Union...

Word Count : 1913

Early 1980s recession

Last Update:

The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and 1982. It is widely...

Word Count : 5249

Recession shapes

Last Update:

severity of the preceding recession. An example of a V-shaped recession is the Recession of 1953 in the United States. In the early 1950s, the economy in the...

Word Count : 1838

Recession of 1958

Last Update:

The recession of 1958, also known as the Eisenhower Recession, was a sharp worldwide economic downturn in 1958. The effect of the recession spread beyond...

Word Count : 1166

Early 1990s recession

Last Update:

1990s recession describes the period of economic downturn affecting much of the Western world in the early 1990s. The impacts of the recession contributed...

Word Count : 3462

Early 1990s recession in the United States

Last Update:

entered a recession in 1990, which lasted 8 months through March 1991. Although the recession was mild relative to other post-war recessions, it was characterized...

Word Count : 884

List of recessions in the United Kingdom

Last Update:

list of recessions (and depressions) that have affected the economy of the United Kingdom and its predecessor states. In the United Kingdom a recession is...

Word Count : 579

Great Recession

Last Update:

The Great Recession was a period of marked general decline observed in national economies globally, i.e. a recession, that occurred in the late 2000s....

Word Count : 13290

Early 1980s recession in the United States

Last Update:

hold, the unemployment rate remained unchanged through the start of a second recession in July 1981. The downturn ended 16 months later, in November 1982...

Word Count : 2661

Balance sheet recession

Last Update:

A balance sheet recession is a type of economic recession that occurs when high levels of private sector debt cause individuals or companies to collectively...

Word Count : 2280

Great Recession in Europe

Last Update:

The European recession is part of the Great Recession that began in mid-2007. The crisis spread rapidly and affected much of the region, with several...

Word Count : 9675

Great Recession in the United States

Last Update:

the United States, the Great Recession was a severe financial crisis combined with a deep recession. While the recession officially lasted from December...

Word Count : 7642

Stagflation

Last Update:

In economics, stagflation (or recession-inflation) is a situation in which the inflation rate is high or increasing, the economic growth rate slows, and...

Word Count : 5009

Victorian era

Last Update:

In the history of the United Kingdom and the British Empire, the Victorian era was the reign of Queen Victoria, from 20 June 1837 until her death on 22...

Word Count : 6490

Nominal interest rate

Last Update:

finance and economics, the nominal interest rate or nominal rate of interest is the rate of interest stated on a loan or investment, without any adjustments...

Word Count : 862

Council of Economic Advisers

Last Update:

standards or risk the "transformation of the free character of our economy". During the 1953–54 recession, the CEA, headed by Arthur Burns, deployed non-traditional...

Word Count : 2086

Great Depression

Last Update:

during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries,[specify] the negative effects of the Great Depression...

Word Count : 20930

Paradox of thrift

Last Update:

Consumers don't cause recessions Archived 2009-04-29 at the Wayback Machine by Robert P. Murphy (an Austrian School critique of the paradox of thrift)...

Word Count : 2589

Inverted yield curve

Last Update:

expected to enter a recession and the Federal Reserve reduces interest rates to stimulate the economy and pull it out of recession. In that scenario, expected...

Word Count : 1001

PDF Search Engine © AllGlobal.net