The harshest recession
The recession of 1873 was known as the Great Depression until the 1929 recession started.
The recession of 1873 started with the failure of Jay Cooke & Company, a major bank. It caused knock-on effects of bank failures across the country and the collapse of a bubble in railroad stocks. The recession ended in 1877.
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Time-frame of a typical recession
The average length of recessions is 17.5 months. The long-term average covers the 1873 recession that lasted 65 months. It also includes the Great Depression, which lasted 43 months.
Since WWII, recessions have become less harsh, lasting an average of 11.1 months. In part, it is b...
The Great Depression
.. was a devastating economic collapse which started in the US in 1929, lasting a decade. Europe was already struggling post the WWI recession, while the US was thriving. As borrowings and stock purchase increased, Wall Street went into a meltdown as soon as the share prices nosedived. This l...
The ones who survived.
Following is the list of companies:-
- Fortune magazine (ninety days after the market crash of 1929)
- FedEx (oil crisis of 1973) UPS (Panic of 1907)
- Walt Disney Company (After eleven months of smooth operation, the twelfth was the market crash of 1929.)
- Hewlett-...
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