Recession

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Title: Recession

Essay Details:

Subject: Miscellaneous

Author: Stephen S

Date: March 21, 2016

Level: University

Grade: A

Length: 8 / 2261

Essay text:

has encountered 32 cycles of expansions and contractions. The average of contraction is 17 months and 38 months of expansion. Since 1980 there were three periods considered recessions and eight periods of negative economic growth. The recession periods are: January-July 1980 and July 1981- November 1982 (2 years total), July 1990- March 1991 (8 months), November 2001- November 2002 (12 months). (http//www.nber.org/cycles/) Black Monday 1987 The term "Black Monday" refers to the Monday on October 19, 1987 when the Dow Jones Industrial Average lost 22.6% and similar stock markets around the world dropped enormous percentages, making it one of the largest percentage declines to occur in the stock market for a single day...

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