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Recession of 1953 (jul 1, 1953 – may 1, 1954)
Description:
Dramatic changes in interest rates led to an increase in pessimism towards the economy, which led to a decrease in aggregate demand.
Added to timeline:
28 Feb 2020
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Recession Timeline
Date:
jul 1, 1953
may 1, 1954
~ 10 months
Images: