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Recession Of 1969–1970
The recession of 1969–1970 was a relatively mild recession in the United States. According to the National Bureau of Economic Research, the recession lasted for 11 months, beginning in December 1969 and ending in November 1970. It followed an economic slump that began in 1968. At the end of the expansion, inflation was rising, possibly a result of increased deficit spending during a period of full employment. This recession coincided with an attempt to start closing the budget deficits of the Vietnam War (fiscal tightening) and the Federal Reserve raising interest rates (monetary tightening). During this relatively mild recession, the gross domestic product of the United States fell 0.6 percentage points. Though the recession ended in November 1970, the unemployment rate did not peak until the next month. In December 1970, the rate reached its height for the cycle of 6.1 percent. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US 60s 70s Unemployment
US or Us most often refers to: * Us (pronoun), ''Us'' (pronoun), the objective case of the English first-person plural pronoun ''we'' * US, an abbreviation for the United States US, U.S., Us, us, or u.s. may also refer to: Arts and entertainment Albums * Us (Brother Ali album), ''Us'' (Brother Ali album) or the title song, 2009 * Us (Empress Of album), ''Us'' (Empress Of album), 2018 * Us (Mull Historical Society album), ''Us'' (Mull Historical Society album), 2003 * Us (Peter Gabriel album), ''Us'' (Peter Gabriel album), 1992 * Us (EP), ''Us'' (EP), by Moon Jong-up, 2021 * ''Us'', by Maceo Parker, 1974 * ''Us'', mini-album by Peakboy, 2019 Songs * Us (James Bay song), "Us" (James Bay song), 2018 * Us (Jennifer Lopez song), "Us" (Jennifer Lopez song), 2018 * Us (Regina Spektor song), "Us" (Regina Spektor song), 2004 * Us (Gracie Abrams song), "Us" (Gracie Abrams song), 2024 * "Us", by Azealia Banks from ''Fantasea (mixtape), Fantasea'', 2012 * "Us", by Celine Dion from ''Let's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 contiguous states border Canada to the north and Mexico to the south, with the semi-exclave of Alaska in the northwest and the archipelago of Hawaii in the Pacific Ocean. The United States asserts sovereignty over five Territories of the United States, major island territories and United States Minor Outlying Islands, various uninhabited islands in Oceania and the Caribbean. It is a megadiverse country, with the world's List of countries and dependencies by area, third-largest land area and List of countries and dependencies by population, third-largest population, exceeding 340 million. Its three Metropolitan statistical areas by population, largest metropolitan areas are New York metropolitan area, New York, Greater Los Angeles, Los Angel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Bureau Of Economic Research
The National Bureau of Economic Research (NBER) is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community." The NBER is known for proposing start and end dates for recessions in the United States. Many chairpersons of the Council of Economic Advisers were previously NBER research associates, including the former NBER president and Harvard professor Martin Feldstein. The NBER's current president and CEO is James M. Poterba of MIT. History Founding The NBER was established in 1920 following debates during the Progressive era over income distribution. Founded by Malcolm Rorty and Nachum Stone, the NBER aimed to fill the information gap on economic data. The organization's research is restricted to presenting data and findings without making policy recommendations. Early years The NBER initially received support from the Carnegie F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deficit Spending
Within the budgetary process, deficit spending is the amount by which spending exceeds revenue over a particular period of time, also called simply deficit, or budget deficit, the opposite of budget surplus. The term may be applied to the budget of a government, private company, or individual. A central point of controversy in economics, government deficit spending was first identified as a necessary economic tool by John Maynard Keynes in the wake of the Great Depression. Controversy Government deficit spending is a central point of controversy in economics, with prominent economists holding differing views. The mainstream economics position is that deficit spending is desirable and necessary as part of countercyclical fiscal policy, but that there should not be a structural deficit (i.e., permanent deficit): The government should run deficits during recessions to compensate for the shortfall in aggregate demand, but should run surpluses in boom times so that there is no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Full Employment
Full employment is an economic situation in which there is no cyclical or deficient-demand unemployment. Full employment does not entail the disappearance of all unemployment, as other kinds of unemployment, namely structural and frictional, may remain. Full employment does not entail 100% employment-to-population ratio. For instance, workers who are "between jobs" for short periods of time as they search for better employment are not counted against full employment, as such unemployment is frictional rather than cyclical. An economy with full employment might also have unemployment or underemployment where part-time workers cannot find jobs appropriate to their skill level, as such unemployment is considered structural rather than cyclical. Full employment marks the point past which expansionary fiscal and/or monetary policy cannot reduce unemployment any further without causing inflation. Some economists define full employment somewhat differently, as the unemployment rate at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vietnam War
The Vietnam War (1 November 1955 – 30 April 1975) was an armed conflict in Vietnam, Laos, and Cambodia fought between North Vietnam (Democratic Republic of Vietnam) and South Vietnam (Republic of Vietnam) and their allies. North Vietnam was supported by the Soviet Union and China, while South Vietnam was supported by the United States and other anti-communist nations. The conflict was the second of the Indochina wars and a proxy war of the Cold War between the Soviet Union and US. The Vietnam War was one of the postcolonial wars of national liberation, a theater in the Cold War, and a civil war, with civil warfare a defining feature from the outset. Direct United States in the Vietnam War, US military involvement escalated from 1965 until its withdrawal in 1973. The fighting spilled into the Laotian Civil War, Laotian and Cambodian Civil Wars, which ended with all three countries becoming Communism, communist in 1975. After the defeat of the French Union in the First Indoc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross Domestic Product
Gross domestic product (GDP) is a monetary measure of the total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic performance of a country or region. Several national and international economic organizations maintain definitions of GDP, such as the OECD and the International Monetary Fund. GDP is often used as a metric for international comparisons as well as a broad measure of economic progress. It is often considered to be the world's most powerful statistical indicator of national development and progress. The GDP can be divided by the total population to obtain the average GDP per capita. Total GDP can also be broken down into the contribution of each industry or sector of the economy. Nominal GDP is useful when comparing national economies on the international market according to the exchange rate. To compare economies over time inflation can be adjus ... [...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 government of the United States, U.S. government in the broad field of labor economics, labor economics and statistics and serves as a principal agency of the Federal Statistical System of the United States, U.S. Federal Statistical System. The BLS collects, processes, analyzes, and disseminates essential statistical data to the American public, the United States Congress, 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, accur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Chicago Press
The University of Chicago Press is the university press of the University of Chicago, a Private university, private research university in Chicago, Illinois. It is the largest and one of the oldest university presses in the United States. It publishes a wide range of academic titles, including ''The Chicago Manual of Style'', numerous academic journals, and advanced monographs in the academic fields. The press is located just south of the Midway Plaisance on the University of Chicago campus. One of its quasi-independent projects is the BiblioVault, a digital repository for scholarly books. 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 Pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Columbia University Press
Columbia University Press is a university press based in New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ..., and affiliated with Columbia University. Founded in 1893, it is currently directed by Jennifer Crewe (2014–present) and publishes titles in the humanities and sciences, including the fields of literary and cultural studies, history, social work, sociology, religion, film, and international studies. History Columbia University Press was founded in May 1893. In 1933, the first four volumes of the ''History of the State of New York'' were published. In the early 1940s, the Press' revenues rose, partially thanks to the ''Encyclopedia'' and the government's purchase of 12,500 copies for use by the military. Columbia University Press is notable for publishing r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1969 In The United States
1969 (Roman numerals, MCMLXIX) was a common year starting on Wednesday of the Gregorian calendar, the 1969th year of the Common Era (CE) and ''Anno Domini'' (AD) designations, the 969th year of the 2nd millennium, the 69th year of the 20th century, and the 10th and last year of the 1960s decade. Events January * January 4 – The Government of Spain hands over Ifni to Morocco. * January 5 – Ariana Afghan Airlines Flight 701 crashes into a house on its approach to London's Gatwick Airport, killing 50 of the 62 people on board and two of the home's occupants. * January 14 – USS Enterprise fire, An explosion aboard the aircraft carrier USS Enterprise (CVN-65), USS ''Enterprise'' near Hawaii kills 28 and injures 314. * January 16 – First successful docking of two crewed spacecraft in orbit and the first transfer of crew from one space vehicle to another (by a space walk) between Soviet craft Soyuz 5 and Soyuz 4. * January 18 – Failure of Soyuz 5's service module to separ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1970 In The United States
Events from the year 1970 in the United States. Incumbents Federal government * President of the United States, President: Richard Nixon (Republican Party (United States), R-California) * Vice President of the United States, Vice President: Spiro Agnew (Republican Party (United States), R-Maryland) * Chief Justice of the United States, Chief Justice: Warren E. Burger (Virginia) * Speaker of the United States House of Representatives, Speaker of the House of Representatives: John William McCormack (Democratic Party (United States), D-Massachusetts) * Senate Majority Leader: Mike Mansfield (Democratic Party (United States), D-Montana) * United States Congress, Congress: 91st United States Congress, 91st Demographics Events January * January 5 – The first episode of ''All My Children'' is broadcast on the ABC television network. * January 11 – Super Bowl IV: The Kansas City Chiefs beat the heavily favored Minnesota Vikings 23–7. * January 14 &ndash ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
