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The Recession Of 1953
The Recession of 1953 was a recession in the United States that began in the second quarter of 1953 and lasted until the first quarter of 1954. The total recession cost roughly $56 billion. It has been described by James L. Sundquist, a staff member of the Bureau of the Budget and speech-writer for President Harry S. Truman as "relatively mild and brief."James L. Sundquist, ''Politics and Policy: The Eisenhower, Kennedy, and Johnson Years'', 1969, pg. 431, IBAN 0815782225 Preceding the recession The recession from 1953 to 1954 occurred because of a combination of events during the earliest parts of the 1950s. In 1951, there was a post-Korean War inflationary period and later in the year more funds were transferred into national security. Further inflation was expected into 1952 and the Federal Reserve set in motion restrictive monetary policy. Causes The expected inflation never happened, but the policy was still implemented. During this time, the Treasury also lengthened the m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1953 Recession In US
Events January * January 6 – The Asian Socialist Conference opens in Rangoon, Burma. * January 12 – Estonian émigrés found a government-in-exile in Oslo. * January 14 ** Marshal Josip Broz Tito is chosen President of Yugoslavia. ** The CIA-sponsored Robertson Panel first meets to discuss the UFO phenomenon. * January 15 – Georg Dertinger, foreign minister of East Germany, is arrested for spying. * January 19 – 71.1% of all television sets in the United States are tuned into ''I Love Lucy'', to watch Lucy give birth to Little Ricky, which is more people than those who tune into Dwight Eisenhower's inauguration the next day. This record has yet to be broken. * January 20 – Dwight D. Eisenhower is sworn in as the 34th President of the United States. * January 24 ** Mau Mau Uprising: Rebels in Kenya kill the Ruck family (father, mother, and six-year-old son). ** Leader of East Germany Walter Ulbricht announces that agriculture will be collectiviz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lists Of Recessions
The following articles contain lists of recessions: *List of recessions in the United Kingdom *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 ... {{DEFAULTSORT:Recessions Economy-related lists ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1954 In Economics
Events January * January 1 – The Soviet Union ceases to demand war reparations from West Germany. * January 3 – The Italian broadcaster RAI officially begins transmitting. * January 7 – Georgetown-IBM experiment: The first public demonstration of a machine translation system is held in New York, at the head office of IBM. * January 10 – BOAC Flight 781, a de Havilland Comet jet plane, disintegrates in mid-air due to metal fatigue, and crashes in the Mediterranean near Elba; all 35 people on board are killed. * January 12 – Avalanches in Austria kill more than 200. * January 15 – Mau Mau leader Waruhiu Itote is captured in Kenya. * January 17 – In Yugoslavia, Milovan Đilas, one of the leading members of the League of Communists of Yugoslavia, is relieved of his duties. * January 20 – The US-based National Negro Network is established, with 46 member radio stations. * January 21 – The first nuclear-powered submarine, t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1953 In Economics
Events January * January 6 – The Asian Socialist Conference opens in Rangoon, Burma. * January 12 – Estonian émigrés found a government-in-exile in Oslo. * January 14 ** Marshal Josip Broz Tito is chosen President of Yugoslavia. ** The CIA-sponsored Robertson Panel first meets to discuss the UFO phenomenon. * January 15 – Georg Dertinger, foreign minister of East Germany, is arrested for spying. * January 19 – 71.1% of all television sets in the United States are tuned into ''I Love Lucy'', to watch Lucy give birth to Little Ricky, which is more people than those who tune into Dwight Eisenhower's inauguration the next day. This record has yet to be broken. * January 20 – Dwight D. Eisenhower is sworn in as the 34th President of the United States. * January 24 ** Mau Mau Uprising: Rebels in Kenya kill the Ruck family (father, mother, and six-year-old son). ** Leader of East Germany Walter Ulbricht announces that agriculture will be collectiviz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1954 In The United States
Events from the year 1954 in the United States. Incumbents Federal Government A federation (also known as a federal state) is a political entity characterized by a union of partially self-governing provinces, states, or other regions under a central federal government (federalism). In a federation, the self-governin ... * President of the United States, President: Dwight D. Eisenhower (Republican Party (United States), R-Kansas/New York (state), New York) * Vice President of the United States, Vice President: Richard Nixon (Republican Party (United States), R-California) * Chief Justice of the United States, Chief Justice: Earl Warren (California) * Speaker of the United States House of Representatives, Speaker of the House of Representatives: Joseph William Martin, Jr. (Republican Party (United States), R-Massachusetts) * Senate Majority Leader: William F. Knowland (Republican Party (United States), R-California) * United States Congress, Congress: 83rd United State ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1953 In The United States
Events from the year 1953 in the United States. Incumbents Federal Government * President: Harry S. Truman ( D-Missouri) (until January 20), Dwight D. Eisenhower ( R-Kansas/ New York) (starting January 20) * Vice President: Alben W. Barkley ( D-Kentucky) (until January 20), Richard Nixon ( R-California) (starting January 20) * Chief Justice: Fred M. Vinson (Kentucky) (died September 8), Earl Warren (California) (starting October 5) * Speaker of the House of Representatives: Sam Rayburn ( D-Texas) (until January 3), Joseph William Martin, Jr. ( R-Massachusetts) (starting January 3) * Senate Majority Leader: ** until January 3: Ernest McFarland ( D-Arizona) ** January 3 – July 31: Robert A. Taft ( R-Ohio) ** starting August 3: William F. Knowland ( R-California) * Congress: 82nd (until January 3), 83rd (starting January 3) Events January–March * January 7 – President Harry S. Truman announces the United States has developed a hydrogen bomb. * January 14 ... [...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] |
JSTOR
JSTOR (; short for ''Journal Storage'') is a digital library founded in 1995 in New York City. Originally containing digitized back issues of academic journals, it now encompasses books and other primary sources as well as current issues of journals in the humanities and social sciences. It provides full-text searches of almost 2,000 journals. , more than 8,000 institutions in more than 160 countries had access to JSTOR. Most access is by subscription but some of the site is public domain, and open access content is available free of charge. JSTOR's revenue was $86 million in 2015. History William G. Bowen, president of Princeton University from 1972 to 1988, founded JSTOR in 1994. JSTOR was originally conceived as a solution to one of the problems faced by libraries, especially research and university libraries, due to the increasing number of academic journals in existence. Most libraries found it prohibitively expensive in terms of cost and space to maintain a comprehen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Journal Of Finance
''The Journal of Finance'' is a peer-reviewed academic journal published by Wiley-Blackwell on behalf of the American Finance Association. It was established in 1946 and is considered to be one of the premier finance journals. The editor-in-chief is Antoinette Schoar. According to the ''Journal Citation Reports'', the journal has a 2020 impact factor of 7.544. It is listed as one of the 50 journals used by the ''Financial Times'' to compile its business-school research ranking and ''Bloomberg Businessweek''s Top 20 Journals. Editors The editorial board of the journal of finance consists of the editor, co-editors and associate editors. The executive editor is Antoinette Schoar (MIT), the first female in the position. The following persons are or have been editor-in-chief of the journal: Awards Each year the associate editors vote for the best papers published in the journal. The Smith Breeden Prize is awarded for the best finance papers and the Brattle Prize for the best corporat ... [...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] |
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] |
