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Recession Of 1960–1961
The Recession of 1960–1961 was a recession in the United States. According to the National Bureau of Economic Research the recession lasted for 10 months, beginning in April 1960 and ending in February 1961. The recession preceded the third-longest economic expansion in U.S. history, from February 1961 until the beginning of the Recession of 1969–1970 in December 1969—to date only the 1990s and post-financial crisis (2009-2020) have seen a longer period of growth. The Federal Reserve had started to tighten monetary policy in 1959 and eased off in 1960. During this recession, the GDP of the United States fell 1.4 percent. Though the recession ended in November 1960, the unemployment rate did not peak for several more months. In May 1961, the rate reached its height for the cycle of 7.1 percent. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US 50s 60s Unemployment
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americans ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Chicago Press
The University of Chicago Press is the largest and one of the oldest university presses in the United States. It is operated by the University of Chicago and publishes a wide variety of academic titles, including ''The Chicago Manual of Style'', numerous academic journals, and advanced monographs in the academic fields. One of its quasi-independent projects is the BiblioVault, a digital repository for scholarly books. The Press building is located just south of the Midway Plaisance on the University of Chicago campus. History The University of Chicago Press was founded in 1890, making it one of the oldest continuously operating university presses in the United States. Its first published book was Robert F. Harper's ''Assyrian and Babylonian Letters Belonging to the Kouyunjik Collections of the British Museum''. The book sold five copies during its first two years, but by 1900 the University of Chicago Press had published 127 books and pamphlets and 11 scholarly journals, includ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1961 In The United States
Events from the year 1961 in the United States. Incumbents Federal Government * President: Dwight D. Eisenhower ( R-Kansas/Pennsylvania) (until January 20), John F. Kennedy ( D-Massachusetts) (starting January 20) * Vice President: Richard Nixon ( R-California) (until January 20), Lyndon B. Johnson ( D-Texas) (starting January 20) * Chief Justice: Earl Warren (California) * Speaker of the House of Representatives: Sam Rayburn ( D-Texas) (until November 16), ''vacant'' (starting November 16) * Senate Majority Leader: Lyndon B. Johnson ( D-Texas) (until January 3), Mike Mansfield ( D-Montana) (starting January 3) * Congress: 86th (until January 3), 87th (starting January 3) Events January–March * January 3 **President Dwight Eisenhower announces that the United States has severed diplomatic and consular relations with Cuba. **At the National Reactor Testing Station near Idaho Falls, Idaho, atomic reactor SL-1 explodes, killing 3 military technicians. * January 5 &nd ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1960 In The United States
Events from the year 1960 in the United States. Incumbents Federal Government * President: Dwight D. Eisenhower ( R-Kansas/Pennsylvania) * Vice President: Richard Nixon ( R-California) * Chief Justice: Earl Warren (California) * Speaker of the House of Representatives: Sam Rayburn ( D-Texas) * Senate Majority Leader: Lyndon B. Johnson ( D-Texas) * Congress: 86th Events January * January 2 – U.S. Senator John F. Kennedy (D-MA) announces his candidacy for the Democratic presidential nomination. * January 19 – The Treaty of Mutual Cooperation and Security between the United States and Japan is signed in Washington, D.C. * January 23 – Jacques Piccard and Don Walsh descend into the Mariana Trench in the ''bathyscaphe Trieste'', reaching the depth of 10,916 meters. * January 25 – In Washington, D.C., the National Association of Broadcasters reacts to the payola scandal by threatening fines for any disc jockeys accepting money for playing particular records. * Jan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1960 In Economics
Year 196 ( CXCVI) was a leap year starting on Thursday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Dexter and Messalla (or, less frequently, year 949 ''Ab urbe condita''). The denomination 196 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * Emperor Septimius Severus attempts to assassinate Clodius Albinus but fails, causing Albinus to retaliate militarily. * Emperor Septimius Severus captures and sacks Byzantium; the city is rebuilt and regains its previous prosperity. * In order to assure the support of the Roman legion in Germany on his march to Rome, Clodius Albinus is declared Augustus by his army while crossing Gaul. * Hadrian's wall in Britain is partially destroyed. China * First year of the '' Jian'an era of the Chinese Han Dynasty. * Emperor Xian o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1961 In Economics
Events January * January 3 ** United States President Dwight D. Eisenhower announces that the United States has severed diplomatic and consular relations with Cuba (Cuba–United States relations are restored in 2015). ** Aero Flight 311 (Koivulahti air disaster): Douglas DC-3C OH-LCC of Finnish airline Aero crashes near Kvevlax (Koivulahti), on approach to Vaasa Airport in Finland, killing all 25 on board, due to pilot error: an investigation finds that the captain and first officer were both exhausted for lack of sleep, and had consumed excessive amounts of alcohol at the time of the crash. It remains the deadliest air disaster to occur in the country. * January 5 ** Italian sculptor Alfredo Fioravanti marches into the U.S. Consulate in Rome, and confesses that he was part of the team that forged the Etruscan terracotta warriors in the Metropolitan Museum of Art. ** After the 1960 military coup, General Cemal Gürsel forms the new government of Turkey (25th government). * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Recessions In The United States
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale anthropogenic or natural disaster (e.g. a pandemic). In the United States, a recession is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." The European Union has adopted a similar definition. In the United Kingdom, a recession is defined as negative economic growth for two consecutive quarters. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply and decreasing int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Haven, Connecticut
New Haven is a city in the U.S. state of Connecticut. It is located on New Haven Harbor on the northern shore of Long Island Sound in New Haven County, Connecticut and is part of the New York City metropolitan area. With a population of 134,023 as determined by the 2020 U.S. census, New Haven is the third largest city in Connecticut after Bridgeport and Stamford and the principal municipality of Greater New Haven, which had a total 2020 population of 864,835. New Haven was one of the first planned cities in the U.S. A year after its founding by English Puritans in 1638, eight streets were laid out in a four-by-four grid, creating the "Nine Square Plan". The central common block is the New Haven Green, a square at the center of Downtown New Haven. The Green is now a National Historic Landmark, and the "Nine Square Plan" is recognized by the American Planning Association as a National Planning Landmark. New Haven is the home of Yale University, New Haven's biggest taxpayer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yale University Press
Yale University Press is the university press of Yale University. It was founded in 1908 by George Parmly Day, and became an official department of Yale University in 1961, but it remains financially and operationally autonomous. , Yale University Press publishes approximately 300 new hardcover and 150 new paperback books annually and has a backlist of about 5,000 books in print. Its books have won five National Book Awards, two National Book Critics Circle Awards and eight Pulitzer Prizes. The press maintains offices in New Haven, Connecticut and London, England. Yale is the only American university press with a full-scale publishing operation in Europe. It was a co-founder of the distributor TriLiteral LLC with MIT Press and Harvard University Press. TriLiteral was sold to LSC Communications in 2018. Series and publishing programs Yale Series of Younger Poets Since its inception in 1919, the Yale Series of Younger Poets Competition has published the first collection of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Recessions In The United States
There have been as many as 48 recessions in the United States dating back to the Articles of Confederation, and although economists and historians dispute certain 19th-century recessions, the consensus view among economists and historians is that "The cyclical volatility of GDP and unemployment was greater before the Great Depression than it has been since the end of World War II." Cycles in the country's agricultural production, industrial production, consumption, business investment, and the health of the banking industry contribute to these declines. U.S. recessions have increasingly affected economies on a worldwide scale, especially as countries' economies become more intertwined. The unofficial beginning and ending dates of recessions in the United States have been defined by the National Bureau of Economic Research (NBER), an American private nonprofit research organization. The NBER defines a recession as "a significant decline in economic activity spread across the econo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Recession
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale Anthropogenic hazard, anthropogenic or natural disaster (e.g. a pandemic). In the United States, a recession is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." The European Union has adopted a similar definition. In the United Kingdom, a recession is defined as negative economic growth for two consecutive quarters. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as monetary policy, incr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bureau Of Labor Statistics
The Bureau of Labor Statistics (BLS) is a unit of the United States Department of Labor. It is the principal fact-finding agency for the U.S. government in the broad field of labor economics and statistics and serves as a principal agency of the U.S. Federal Statistical System. The BLS collects, processes, analyzes, and disseminates essential statistical data to the American public, the U.S. Congress, other Federal agencies, State and local governments, business, and labor representatives. The BLS also serves as a statistical resource to the United States Department of Labor, and conducts research measuring the income levels families need to maintain a satisfactory quality of life. BLS data must satisfy a number of criteria, including relevance to current social and economic issues, timeliness in reflecting today's rapidly changing economic conditions, accuracy and consistently high statistical quality, impartiality in both subject matter and presentation, and accessibility t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
