33
/
AIzaSyB4mHJ5NPEv-XzF7P6NDYXjlkCWaeKw5bc
November 1, 2025
1166703
350557
2
Public Timelines
FAQ Get premium

1937 Recession (may 1, 1937 – jun 1, 1938)

Description:

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.

Added to timeline:

Date:

may 1, 1937
jun 1, 1938
~ 1 years

Images: