// todo need optimize like in event.jsp. Add indexing or not indexing this page. 1969 Recession (dec 1, 1969 – nov 1, 1970) (Timeline)

1969 Recession (dec 1, 1969 – nov 1, 1970)

Description:

Lasted 11 months
followed 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)