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Recession Of 1949
The Recession of 1949 was a downturn in the United States lasting for 11 months. According to the National Bureau of Economic Research, the recession began in November 1948 and lasted until October 1949. The 1949 recession was a brief economic downturn; forecasters of the time expected much worse, perhaps influenced by the poor economy in their recent lifetime. The recession began shortly after President Truman's "Fair Deal" economic reforms. The recession also followed a period of monetary tightening by the Federal Reserve. The GDP of the U.S. During this recession, the Gross domestic product Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is oft ... of the United States fell 1.7 percent. In October 1949, the unemployment rate reached its peak for the cycle of 7.9 percent. Main causes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US 40s 50s 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] |
1948 In The United States
Events from the year 1948 in the United States. Incumbents Federal Government * President: Harry S. Truman ( D–Missouri) * Vice President: ''vacant'' * Chief Justice: Fred M. Vinson (Kentucky) * Speaker of the House of Representatives: Joseph William Martin, Jr. ( R–Massachusetts) * Senate Majority Leader: Wallace H. White, Jr. ( R–Maine) * Congress: 80th Events January * January 17 – The latest New Jersey State Constitution goes into effect. * January 29 – Plane crash at Los Gatos Creek, California kills 4 US citizens and 28 deportees, commemorated in a song by Woody Guthrie. February * February 1 – The Soviet Union begins to jam Voice of America broadcasts. * February 21 – The stock car racing organization NASCAR is founded by Bill France Sr. with other drivers meeting at the Streamline Hotel, Daytona Beach, Florida. March * March 8 – '' McCollum v. Board of Education'': The United States Supreme Court rules that religious instr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1948 In Economics
Events January * January 1 ** The General Agreement on Tariffs and Trade (GATT) is inaugurated. ** The Constitution of New Jersey (later subject to amendment) goes into effect. ** The railways of Britain are nationalized, to form British Railways. * January 4 – Burma gains its independence from the United Kingdom, becoming an independent republic, named the ''Union of Burma'', with Sao Shwe Thaik as its first President, and U Nu its first Prime Minister. * January 5 ** Warner Brothers shows the first color newsreel ('' Tournament of Roses Parade'' and the ''Rose Bowl Game''). ** The first Kinsey Report, ''Sexual Behavior in the Human Male'', is published in the United States. * January 7 – Mantell UFO incident: Kentucky Air National Guard pilot Thomas Mantell crashes while in pursuit of an unidentified flying object. * January 12 – Mahatma Gandhi begins his fast-unto-death in Delhi, to stop communal violence during the Partition of India. * January ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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