Recession of 1953 (1 Jul 1953 Jahr – 1 Mai 1954 Jahr)

Beschreibung:

After a post-Korean War inflationary period, more funds were transferred to national security. In 1951, the Federal Reserve reasserted its independence from the U.S. Treasury and in 1952, the Federal Reserve changed monetary policy to be more restrictive because of fears of further inflation or of a bubble forming.

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