Table of Contents
What is the longest time between recessions?
The longest expansion continued from March 1991 to March 2001, setting a record of 120 consecutive months of growth.
When were 3 recessions longest?
Free Banking Era to the Great Depression
| Name | Dates | Time since previous recession |
|---|---|---|
| 1865–67 recession | April 1865–Dec 1867 | 3 years 10 months |
| 1869–70 recession | June 1869–Dec 1870 | 1 year 6 months |
| Panic of 1873 and the Long Depression | Oct 1873 – Mar 1879 | 2 years 10 months |
| 1882–85 recession | Mar 1882 – May 1885 | 3 years |
How many recessions have there been since 1854?
33 recessions
Since 1854, there have been 33 recessions, according to data from the NBER. Each has lasted, on average, for about 17.5 months.
What years were recessions in the United States?
January 1980 – July 1980
Early 1980s recession in the United States/Time period
How long do recessions typically last?
A recession is a widespread economic decline that lasts for several months. 1 A depression is a more severe downturn that lasts for years. There have been 33 recessions since 1854. 2 Since 1945, recessions have lasted for 11 months on average.
When was America’s last recession?
The Great Recession began in December 2007 and ended in June 2009, which makes it the longest recession since World War II. Beyond its duration, the Great Recession was notably severe in several respects.
What caused the recession of 1958?
Due to a severe drop in unfulfilled orders for durable goods and a decreasing demand for commodities and other materials, the recession of 1958 forced over five million people out of work. In the United States, unemployment rose but there was little to no decline in personal income.
What caused the recession of 1969 1970?
The Recession of 1969–1970 was a relatively mild recession in the United States. This relatively mild recession 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).