1937 Recession (1 maio 1937 ano – 1 jun 1938 ano)

Descrição:

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.

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