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In the United States, the Great Recession was a severe financial crisis combined with a deep recession. While the recession officially lasted from December 2007 to June 2009, it took many years for the economy to recover to pre-crisis levels of employment and output. This slow recovery was due in part to households and financial institutions ...
Included during this period is the post–World War II economic expansion through the 1973–75 recession, a period of stagflation between 1974 and 1981, and the Great Moderation from 1982 to the start of the late-2000s recession . Dates. Duration (months) Annual Employment Growth [2] Annual GDP Growth [3] Description.
From 1879 to 1882, there had been a boom in railroad construction which came to an end, resulting in a decline in both railroad construction and in related industries, particularly iron and steel. [25] A major economic event during the recession was the Panic of 1884 . 1887–1888 recession. March 1887 – April 1888.
Long Term Economic Growth – 1860–1965: A Statistical Compendium. Business Booms and Depressions since 1775, a chart of the past trend of price inflation, federal debt, business, national income, stocks and bond yields for the United States from 1775 to 1943. Budget of the United States Government.
The United States', however, remained the world's largest economy with the highest nominal GDP. [141] Real GDP per capita (measured in 2009 dollars) was $52,444 in 2017 and has been growing each year since 2010.
May. May 1 – 2010 Times Square car bombing attempt: Car bomb fails to go off in Times Square, New York City. May 6 – The "flash crash" occurs at the New York Stock Exchange, temporarily depleting 1,000 points off of the Dow Jones Industrial Average. It is the largest intra-day fall ever.
The Bureau of Economic Analysis's second estimate of first quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 1.3% during the period, down from a first ...
The US government's Bureau of Economic Analysis as of Q3 2023 estimates $10,007.7 billion in annual total government expenditure and $27,610.1 billion annual total GDP which is 36.2%. [1] This government total excludes spending by "government enterprises" which sell goods and services "to households and businesses in a market transaction."