With the economic crisis of today, many people are probably wondering if this recession will end, what caused it to happen and will happen again. This article provides a brief history of U.S. recession, which is responsible for it and some of After Effects. I never thought in my dreams that is almost a recession every decade since the end of 1700 would have been with, said the panic of the first1797th
1797-1800
or effects caused by the deflation of the Bank of England
or considered the first U.S. recession
Or disruption of commercial real estate markets
1837-1843
or allocated to banks in trouble
banks stopped paying in gold and silver
o The people had no confidence in paper money
1893-1896
or caused by the failure of"Reading Railways
or European investors to pull back and let the U.S. financial system in chaos
and exchanges and banks collapse
1918-1921 (also known as the post-war recession)
hyperinflation or Europe, the U.S. had a recession due to proliferation
or loss of production, the disruption is due at the end of the war
Or There was a large influx of workers asTroops returned home, the skyrocketing unemployment
1929-1938 (The Great Depression)
or The Case of the "Great Depression" is a matter of great debate among economists
OR Here are a couple of a depreciation in asset prices and commodity prices, dramatic drops in demand and credit, and disruption of trade
or 30 million Americans with no income what so ever, WW II, similar effects
1973-1975 (oil crisis of the1970)
o The price of oil had quadrupled by OPEC, along with government spending on the Vietnam War
Or OPEC stopped exporting oil to the United States and other Western nations to punish them for supporting Israel
or gas has fallen from 25 cents to a dollar in a few months
1987-1989 (Black Monday)
o The stock markets around the world crash
O Dow Jones has lost 22.61% in aDay
debate on the consequences or continue for many years after, no definitive solution
March 2001 - Nov2001
or terrorist attacks on the World Trade Center "
or collapse of the dot.com bubble
o This is still the United States is now
2007 - Present Day
or caused by reckless and unsustainable credit
o For the first time since 1930 that all majorThe banks fail
o Some people say that this is the worst recession since World War II
Although the causes of the recession, very powerful, as you can see there are new economic phenomena, happen again and again throughout history. Depending on what the cause was at that time could know anywhere from a few months to several years, only that it happened, happens and will happen again in the future.
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