Recession of 1937–1938

GPTKB entity

Statements (22)
Predicate Object
gptkbp:instanceOf economic crisis
gptkbp:affects New Deal policies
gptkbp:alsoKnownAs gptkb:Roosevelt_Recession
gptkbp:causedBy reduction in government spending
Social Security payroll taxes
tightening of monetary policy
gptkbp:country gptkb:United_States
gptkbp:endDate June 1938
gptkbp:followedBy World War II economic boom
gptkbp:GDP 10%
https://www.w3.org/2000/01/rdf-schema#label Recession of 1937–1938
gptkbp:industrialProductionDecline 32%
gptkbp:notableFor sharp economic downturn during recovery from Great Depression
gptkbp:precededBy gptkb:Great_Depression
gptkbp:presidentDuringTerm gptkb:Franklin_D._Roosevelt
gptkbp:response increased government spending
Federal Reserve monetary easing
gptkbp:startDate May 1937
gptkbp:stockMarketDecline 50%
gptkbp:unemploymentRate 19% (1938)
gptkbp:bfsParent gptkb:Presidency_of_Franklin_D._Roosevelt
gptkbp:bfsLayer 6