The 13 Worst Recessions, Depressions, and Panics In American History

September 10, 2010  |  

(24/7) — A recession is generally defined as two quarters of GDP contraction as noted by the Business Cycle Dating Committee of the National Bureau of Economic Research. The GDP contraction definition is narrow and cannot be used to define the recessions and depressions that occurred in the first 150 years after The United States was founded.

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