1937 Recession (1 magg 1937 anni – 1 giug 1938 anni)
Descrizione:
Lasted 1 year and 1 month
Among 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.
Aggiunto al nastro di tempo:
recession timeline
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