The Recession of 1937-1938 (may 10, 1937 – jun 10, 1938)
Description:
Some reasons for this rescession were 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.Added to timeline:
Date:
may 10, 1937
jun 10, 1938
~ 1 years