|
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 ... [...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 collect ... [...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 – 1954 Blons avalanches, Avalanches in Austria kill more than 200. * January 15 – Mau Mau rebellion, Mau Mau leader Waruhiu Itote is captured in Kenya. * January 17 – In Socialist Federal Republic of Yugoslavia, 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 m ... [...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 collectiv ... [...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 * President: Dwight D. Eisenhower ( R-Kansas/New York) * Vice President: Richard Nixon ( R-California) * Chief Justice: Earl Warren (California) * Speaker of the House of Representatives: Joseph William Martin, Jr. ( R-Massachusetts) * Senate Majority Leader: William F. Knowland ( R-California) * Congress: 83rd Events January * January 14 – Marilyn Monroe marries baseball player Joe DiMaggio at San Francisco City Hall. * January 20 **The U.S.-based National Negro Network is established with 40 charter member radio stations. ** Rogers Pass, Montana, records the coldest temperature in the contiguous United States of . * January 21 – The first nuclear-powered submarine, the USS ''Nautilus'', is launched in Groton, Connecticut, by First Lady of the United States Mamie Eisenhower. * January 25 – The foreign ministers of the United States, United Kingdom, France and the Soviet ... [...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] |
