-
Period: to
Great Depression
The grerat depression lasted from 1929-19439. This was the worst recession that has ever happened in America. The highest unemployment rate was 25%. -
Period: to
Great Depression Recovery
When the Japanese attack pearl harbor the manufactoring rate went up by 50 percent. WW2 created lots of jobs for americans which helped the economy. -
Inflation
The public is worried about the high food prices so the Nixon administration presented wage and price control to curb inflation. -
Stock Market Crash
The stock market crashes and the federal reserve board chairman Alan Greenspan said that the Fed would "serve as a source of liquidity" to support the economy. -
Government Bailout
Failuers of loan and savings Cost 160 billion dollars and the government payed 124 billion dollars in bailout, the the FIRREA act is passed so this doesn't happen again. -
1990' Economic Boom
The GDP increased continuosly during this time for almost 10 years.(longest recororded expansion in history) -
2000's Recession
There Was a decline in economic activity which mainly occured in developing countries -
Great Recession
The banking system faces a crisis and there is a great recession.
