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Period: to
1960-1969
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10 months' Recession April 1960 - February 1961
Astronomically high unemployment rates, incredibly high inflation, and a bad Gross National Product rating. Businesses started to shut down that cause the Unemployment rate at 5.7%.What ended the recession was the call President Kennedy made on January 30 of 1961 to increase government spending to improve the Gross National Product. This helped reduce unemployment, helped bring back confidence in the economy, helped out many businesses, and helped the recession to come to an end that very year. -
Expansion
America’s overseas investment increased to $49.2 billion. From 1945 to 1975 output per hour of labor increased 120 percent while output per standard unit of energy increased 23 percent. Work hours in agriculture fell from 19.2 to 7.5 percent also during this time.By the end of the decade the average Americans real income had increased 50 percent. Median family income rose from $8,540 in 1963 to $10,770 by 1969.
