• Print
  • Email

Economic Perspectives, Vol. 33, 4th, 2009
The Recession of 1937—A Cautionary Tale
The U.S. economy is beginning to emerge from a severe economic downturn precipitated by a financial crisis without parallel since the Great Depression. As thoughts turn to the appropriate path of future policy during the recovery, a number of economists have proffered the recession that began in 1937 as a cautionary tale. That sharp but short-lived recession took place while the U.S. economy was recovering from the Great Depression of 1929–33.

Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

Copyright © 2019. All rights reserved.

Please review our Privacy Policy | Legal Notices