1973–1975 recession
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The 1973–1975 recession or 1970s recession was a period of economic stagnation in much of the Western world during the 1970s, putting an end to the overall post–World War II economic expansion. It dif
In the parlance of recession shapes, the Recession of 1973–75 in the United States could be considered a U-shaped recession, because of its prolonged period of weak growth and contraction. The percent change from preceding period in real gross domestic product, annualized and seasonally adjusted Average GDP growth 1947–2009Source: Bureau of Economic Analysis
Harold Wilson
Early 1980s recession
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The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and 1982. Long-term effects of the early 1980s recession contributed t
Margaret Thatcher
US GDP growth in the early 1980s. The short recession at the start of the decade and the following brief period of growth, as well as the deeper recession in 1981 and 1982, have led to the period being characterized as a W-shaped recession. Percent change from preceding period in real GDP (annualized; seasonally adjusted) Average GDP growth 1947–2009 Source: Bureau of Economic Analysis
President Reagan signing the Economic Recovery Tax Act of 1981 (ERTA) bill at Rancho del Cielo in 1981
Ronald Reagan