Home > List of recessions
This is a list of notable recessions, depressions and downturn s. All dates are approximate as the recessions began and ended in different parts of the world at different times. Also note that before detailed economic statistics began to be gathered in the nineteenth century it was very difficult to tell when recessions occurred, but prior to industrialization economic downturns usually coincided with problems in agriculture.- Panic of 1837 - 1837 to 1843, a sharp downturn in the American economy caused by bank failures and lack on confidence in the paper currency
- Panic of 1857 - 1857 to 1860, failure of the Ohio Life Insurance and Trust Co. bursts a European speculative bubble in U.S. railroads and loss of confidence in U.S. banks
- Panic of 1873 - economic problems in Europe prompt the failure of Jay Cooke & Company , the largest bank in the U.S., bursting the post- Civil War speculative bubble
- Long Depression - 1873 to 1896Events January 4 Utah is admitted as the 45th U. January 5 An Austrian newspaper reports that Wilhelm Rontgen discovered a type of radiation later known as X-rays. January 12 H. Smith takes the first X-ray photograph. January 18 The X-ray machine is exhib, begins with the collapse of the Vienna Stock Exchange and spreads throughout the world. Some historians do not believe it is actually one large recession.
- Panic of 1893The Panic of 1893 was a financial crisis that hit the United States upon the concurrence of several events. First, too many people attempted to redeem notes for gold; ultimately the statutory limit for the maximum amount of gold in federal reserves was re - 1873 to 1896Events January 4 Utah is admitted as the 45th U. January 5 An Austrian newspaper reports that Wilhelm Rontgen discovered a type of radiation later known as X-rays. January 12 H. Smith takes the first X-ray photograph. January 18 The X-ray machine is exhib, failure of the U.S. Reading RailroadThe Reading Railroad ( AAR reporting marks RDG , officially known as the Philadelphia & Reading Railroad operated in southeast Pennsylvania and neighboring states. After World War I, however, it was reorganized and became known as the Reading Company. and withdrawal of European investment leads to a stock market and banking collapse
- Panic of 1907The Panic of 1907 was a relatively serious economic downturn in the United States caused by a New York credit crunch that spread across the nation and led to the closings of banks and businesses. The severity of the downturn was such that it prompted the - A run on Knickerbocker Trust Company stock October 22October 22 is the 295th day of the year (296th in leap years) in the Gregorian Calendar, with 70 days remaining. Events 362 The temple of Apollo at Daphne, outside of Antioch is destroyed in a mysterious fire. 1383 The 1383-1385 Crisis in Portugal: A perind 1907Events January events January 6 Maria Montessori opens her first school and daycare center for working class children in Rome Casa dei Bambini in San Lorenzo). January 14 An earthquake in Kingston, Jamaica kills more than a 1,000 January 23 Charles Curtis sets events in motion that will lead to a depression in the United States.
- Post-WWI recession - marked by sever hyperinflationbillion) Serbian dinar banknote circa 1993, the largest nominal value ever officially printed in Serbia, the final result of hyperinflation. Photo courtesy of National bank of Serbia In economics, hyperinflation is inflation which is "out of control", a c in Europe over production in North America. Very sharp, but also brief.
- Great Depression - 1929 to late 1930s, stock market crash, banking collapse, and overproduction in the United States sparks a global downturn, including a second downturn 1937– 1938.
- Early 1980s recession - 1982 and 1983, caused by tight monetary policy in the U.S. to control inflation and sharp correction to overproduction of the previous decade which had been masked by inflation
- Japanese recession - 1991 to present, collapse of a real estate bubble and more fundamental problems halts Japan's once astronomical growth
See also: List of stock market crashes
