Click me
Transcribed

The History of the American Recession

THE HISTORY OF HE AMERICAN RECESSION Peak Unemplyment US GDP Change Often used as an example of how far the world's economy can decline, the great depression began with the stock market crash of Öctober 29th, 1929. The effects of the crash were felt worldwide, and more than 5,000 banks failed. However, by 1933 the U.S. economy was once again growing. 35-3% K -10 -5 0 5 10 15 20 1930 GREAT DEPRESSION 26.4% There are several theories as to what caused the recession of 1937. They blame, among other things, tight monetary policy from the Federal Reserve, tight budgets, and declining profits for businesses. Though relatively minor when compared with the great depression, it is one of the worst recessions in the 20th century. RECESSION OF 1937 1940 The end of war-time government spending for World War Il caused what is technically a recession. Unemployment never increased that much, and it can be considered a switch from a wartime to a peacetime economy. RECESSION OF 1945 Following another period of monetary tightening, many forecasters at the time predicted a much worse recession. RECESSION OF 1949 1950 During a recession, most of the time prices fall, but in the recession of 1958, prices went up 2.7% from 1957 to 1958. It was the worst auto year since World War II, with auto sales declining 31%. Detroit had 20% unemployment. RECESSION OF 1958 1960 1970 Government spending on the war in Vietnam combined with OPEC's embargo to raise oil prices "in response to the U.S. decision to re-supply the Israeli military" during the Yom Kippur war caused the end of the post-World War Il economic boom. RECESSION OF 1973-75 10.8% The new Iranian regime, brought in by the Iranian Revolution, exported oil inconsistently which forced oil prices up. Inflation remaining from the 1973 Recession caused tight U.S. monetary policy, resulting in a recession. EARLY 1980s RECESSION 1980 7.8% Despite the Dow Jones Industrial Average's severe 22.6% drop, larger than that of 1929, was handled well by the economy. Debt from the 1980s and the beginning of the Gulf War with it's resulting spike in oil prices also increased inflation. EARLY 1990s RECESSION 1990 6.3% EARLY 2000S 2000 The collapse of the dot-com bubble compounded with the horrific September 11th attacks brought a decade of growth to an end. RECESSION 10.2% GREAT America's subprime mortgage crisis led to the collapse of the United States housing bubble. Oil and food prices soared. The new Obama administration responds with a $700B bank bailout and $787B fiscal stimulus package. Weak housing markets cause fear of a double-dip recession. RECESSION -10 -5 0 5 10 15 20 THE HISTORY OF HE AMERICAN RECESSION Peak Unemplyment US GDP Change Often used as an example of how far the world's economy can decline, the great depression began with the stock market crash of Öctober 29th, 1929. The effects of the crash were felt worldwide, and more than 5,000 banks failed. However, by 1933 the U.S. economy was once again growing. 35-3% K -10 -5 0 5 10 15 20 1930 GREAT DEPRESSION 26.4% There are several theories as to what caused the recession of 1937. They blame, among other things, tight monetary policy from the Federal Reserve, tight budgets, and declining profits for businesses. Though relatively minor when compared with the great depression, it is one of the worst recessions in the 20th century. RECESSION OF 1937 1940 The end of war-time government spending for World War Il caused what is technically a recession. Unemployment never increased that much, and it can be considered a switch from a wartime to a peacetime economy. RECESSION OF 1945 Following another period of monetary tightening, many forecasters at the time predicted a much worse recession. RECESSION OF 1949 1950 During a recession, most of the time prices fall, but in the recession of 1958, prices went up 2.7% from 1957 to 1958. It was the worst auto year since World War II, with auto sales declining 31%. Detroit had 20% unemployment. RECESSION OF 1958 1960 1970 Government spending on the war in Vietnam combined with OPEC's embargo to raise oil prices "in response to the U.S. decision to re-supply the Israeli military" during the Yom Kippur war caused the end of the post-World War Il economic boom. RECESSION OF 1973-75 10.8% The new Iranian regime, brought in by the Iranian Revolution, exported oil inconsistently which forced oil prices up. Inflation remaining from the 1973 Recession caused tight U.S. monetary policy, resulting in a recession. EARLY 1980s RECESSION 1980 7.8% Despite the Dow Jones Industrial Average's severe 22.6% drop, larger than that of 1929, was handled well by the economy. Debt from the 1980s and the beginning of the Gulf War with it's resulting spike in oil prices also increased inflation. EARLY 1990s RECESSION 1990 6.3% EARLY 2000S 2000 The collapse of the dot-com bubble compounded with the horrific September 11th attacks brought a decade of growth to an end. RECESSION 10.2% GREAT America's subprime mortgage crisis led to the collapse of the United States housing bubble. Oil and food prices soared. The new Obama administration responds with a $700B bank bailout and $787B fiscal stimulus package. Weak housing markets cause fear of a double-dip recession. RECESSION -10 -5 0 5 10 15 20 THE HISTORY OF HE AMERICAN RECESSION Peak Unemplyment US GDP Change Often used as an example of how far the world's economy can decline, the great depression began with the stock market crash of Öctober 29th, 1929. The effects of the crash were felt worldwide, and more than 5,000 banks failed. However, by 1933 the U.S. economy was once again growing. 35-3% K -10 -5 0 5 10 15 20 1930 GREAT DEPRESSION 26.4% There are several theories as to what caused the recession of 1937. They blame, among other things, tight monetary policy from the Federal Reserve, tight budgets, and declining profits for businesses. Though relatively minor when compared with the great depression, it is one of the worst recessions in the 20th century. RECESSION OF 1937 1940 The end of war-time government spending for World War Il caused what is technically a recession. Unemployment never increased that much, and it can be considered a switch from a wartime to a peacetime economy. RECESSION OF 1945 Following another period of monetary tightening, many forecasters at the time predicted a much worse recession. RECESSION OF 1949 1950 During a recession, most of the time prices fall, but in the recession of 1958, prices went up 2.7% from 1957 to 1958. It was the worst auto year since World War II, with auto sales declining 31%. Detroit had 20% unemployment. RECESSION OF 1958 1960 1970 Government spending on the war in Vietnam combined with OPEC's embargo to raise oil prices "in response to the U.S. decision to re-supply the Israeli military" during the Yom Kippur war caused the end of the post-World War Il economic boom. RECESSION OF 1973-75 10.8% The new Iranian regime, brought in by the Iranian Revolution, exported oil inconsistently which forced oil prices up. Inflation remaining from the 1973 Recession caused tight U.S. monetary policy, resulting in a recession. EARLY 1980s RECESSION 1980 7.8% Despite the Dow Jones Industrial Average's severe 22.6% drop, larger than that of 1929, was handled well by the economy. Debt from the 1980s and the beginning of the Gulf War with it's resulting spike in oil prices also increased inflation. EARLY 1990s RECESSION 1990 6.3% EARLY 2000S 2000 The collapse of the dot-com bubble compounded with the horrific September 11th attacks brought a decade of growth to an end. RECESSION 10.2% GREAT America's subprime mortgage crisis led to the collapse of the United States housing bubble. Oil and food prices soared. The new Obama administration responds with a $700B bank bailout and $787B fiscal stimulus package. Weak housing markets cause fear of a double-dip recession. RECESSION -10 -5 0 5 10 15 20 THE HISTORY OF HE AMERICAN RECESSION Peak Unemplyment US GDP Change Often used as an example of how far the world's economy can decline, the great depression began with the stock market crash of Öctober 29th, 1929. The effects of the crash were felt worldwide, and more than 5,000 banks failed. However, by 1933 the U.S. economy was once again growing. 35-3% K -10 -5 0 5 10 15 20 1930 GREAT DEPRESSION 26.4% There are several theories as to what caused the recession of 1937. They blame, among other things, tight monetary policy from the Federal Reserve, tight budgets, and declining profits for businesses. Though relatively minor when compared with the great depression, it is one of the worst recessions in the 20th century. RECESSION OF 1937 1940 The end of war-time government spending for World War Il caused what is technically a recession. Unemployment never increased that much, and it can be considered a switch from a wartime to a peacetime economy. RECESSION OF 1945 Following another period of monetary tightening, many forecasters at the time predicted a much worse recession. RECESSION OF 1949 1950 During a recession, most of the time prices fall, but in the recession of 1958, prices went up 2.7% from 1957 to 1958. It was the worst auto year since World War II, with auto sales declining 31%. Detroit had 20% unemployment. RECESSION OF 1958 1960 1970 Government spending on the war in Vietnam combined with OPEC's embargo to raise oil prices "in response to the U.S. decision to re-supply the Israeli military" during the Yom Kippur war caused the end of the post-World War Il economic boom. RECESSION OF 1973-75 10.8% The new Iranian regime, brought in by the Iranian Revolution, exported oil inconsistently which forced oil prices up. Inflation remaining from the 1973 Recession caused tight U.S. monetary policy, resulting in a recession. EARLY 1980s RECESSION 1980 7.8% Despite the Dow Jones Industrial Average's severe 22.6% drop, larger than that of 1929, was handled well by the economy. Debt from the 1980s and the beginning of the Gulf War with it's resulting spike in oil prices also increased inflation. EARLY 1990s RECESSION 1990 6.3% EARLY 2000S 2000 The collapse of the dot-com bubble compounded with the horrific September 11th attacks brought a decade of growth to an end. RECESSION 10.2% GREAT America's subprime mortgage crisis led to the collapse of the United States housing bubble. Oil and food prices soared. The new Obama administration responds with a $700B bank bailout and $787B fiscal stimulus package. Weak housing markets cause fear of a double-dip recession. RECESSION -10 -5 0 5 10 15 20 THE HISTORY OF HE AMERICAN RECESSION Peak Unemplyment US GDP Change Often used as an example of how far the world's economy can decline, the great depression began with the stock market crash of Öctober 29th, 1929. The effects of the crash were felt worldwide, and more than 5,000 banks failed. However, by 1933 the U.S. economy was once again growing. 35-3% K -10 -5 0 5 10 15 20 1930 GREAT DEPRESSION 26.4% There are several theories as to what caused the recession of 1937. They blame, among other things, tight monetary policy from the Federal Reserve, tight budgets, and declining profits for businesses. Though relatively minor when compared with the great depression, it is one of the worst recessions in the 20th century. RECESSION OF 1937 1940 The end of war-time government spending for World War Il caused what is technically a recession. Unemployment never increased that much, and it can be considered a switch from a wartime to a peacetime economy. RECESSION OF 1945 Following another period of monetary tightening, many forecasters at the time predicted a much worse recession. RECESSION OF 1949 1950 During a recession, most of the time prices fall, but in the recession of 1958, prices went up 2.7% from 1957 to 1958. It was the worst auto year since World War II, with auto sales declining 31%. Detroit had 20% unemployment. RECESSION OF 1958 1960 1970 Government spending on the war in Vietnam combined with OPEC's embargo to raise oil prices "in response to the U.S. decision to re-supply the Israeli military" during the Yom Kippur war caused the end of the post-World War Il economic boom. RECESSION OF 1973-75 10.8% The new Iranian regime, brought in by the Iranian Revolution, exported oil inconsistently which forced oil prices up. Inflation remaining from the 1973 Recession caused tight U.S. monetary policy, resulting in a recession. EARLY 1980s RECESSION 1980 7.8% Despite the Dow Jones Industrial Average's severe 22.6% drop, larger than that of 1929, was handled well by the economy. Debt from the 1980s and the beginning of the Gulf War with it's resulting spike in oil prices also increased inflation. EARLY 1990s RECESSION 1990 6.3% EARLY 2000S 2000 The collapse of the dot-com bubble compounded with the horrific September 11th attacks brought a decade of growth to an end. RECESSION 10.2% GREAT America's subprime mortgage crisis led to the collapse of the United States housing bubble. Oil and food prices soared. The new Obama administration responds with a $700B bank bailout and $787B fiscal stimulus package. Weak housing markets cause fear of a double-dip recession. RECESSION -10 -5 0 5 10 15 20

The History of the American Recession

shared by judithgold on Nov 15
499 views
2 shares
0 comments
This infographic provides a graphical visualization of American recessions over the course of seventy years based on GDP change. It also provides short explanation for the recession during the time.

Source

Unknown. Add a source

Category

Politics
Did you work on this visual? Claim credit!

Get a Quote

Embed Code

For hosted site:

Click the code to copy

For wordpress.com:

Click the code to copy
Customize size