1969 Recession (dec 1, 1969 – nov 1, 1970)
Description:
Lasted 11 monthsfollowed a lengthy expansion
At the end of the expansion, inflation was rising, possibly a result of increased deficits.
coincided with an attempt to start closing the budget deficits of the Vietnam War (fiscal tightening) and the Federal Reserve raising interest rates (monetary tightening)
Added to timeline:
Date:
dec 1, 1969
nov 1, 1970
~ 11 months