1937 Recession (1 mai 1937 – 1 juin 1938)
Description:
Lasted 1 year and 1 monthAmong the worst recessions of the 20th century
Caused by the tight fiscal policy resulting from an attempt to balance the budget after New Deal spending; the tight monetary policy of the Federal Reserve; and the declining profits of businesses leading to a reduction in business investment.
Ajouté au bande de temps:
Date:
1 mai 1937
1 juin 1938
~ 1 years