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# Great Depression (1929 to late 1930s), stock market crash, banking collapse in the United States sparks a global downturn, including a second but not heavy downturn in the U.S., the Recession of 1937. Durations: 43 and 13 months respectively.
# Recession of (1945) Duration: 8 months
# Recession of (1948 - 1949) Duration: 11 months
# Post-Korean War Recession (1953 - 1954) - The Recession of 1953 was a demand-driven recession due to poor government policies and high interest rates. Duration: 10 months
# Recession of (1957 - 1958) Duration: 8 months
# Recession of (1960 - 1961) Duration: 10 months
# Bond Inversion of (1965 - 1967) no recession materialized
# Recession of (1969 - 1970) Duration: 11 months
# 1973 oil crisis (1973 - 1975) - a quadrupling of oil prices by OPEC coupled with high government spending due to the Vietnam War leads to stagflation in the United States. Duration: 16 months
# 1979 energy crisis - 1979 until 1980, the Iranian Revolution sharply increases the price of oil
# (1981 - 1982) Duration: 16 months
# 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
# Great Commodities Depression - 1980 to 2000, general recession in commodity prices
# Early 1990s recession - 1990 to 1992, collapse of junk bonds and a credit crunch in the United States leads to one quarter of US GDP decline, and therefore not an official recession.
# Japanese recession - 1991 to present, collapse of a real estate bubble and more fundamental problems halts Japan's once astronomical growth
# Asian financial crisis - 1997, a collapse of the Thai currency inflicts damage on many of the economies of Asia
# Early 2000s recession - 2001 to 2003: the collapse of the Dot Com Bubble, September 11th attacks and accounting scandals contribute to a relatively mild contraction in the North American economy. Since the US GDP never actually declined in this period it is not considered an official recession.
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