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Recession of 1953

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146: 25: 122: 209:, which only increased interest rates further and subsequently issued a low percentage bond. The Federal Reserve recognized the increasing interest rates and decided to allow more reserves to be available. This worked, but interest rates plummeted sending the U.S. into a 204:
The expected inflation never happened, but the policy was still implemented. During this time, the Treasury also lengthened the maturity of the national debt and pursued flexible interest rate policies. Alongside these policies, the Treasury also began to do
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The recession occurred because of a combination of events during the earliest parts of the 1950s. In 1951, there was a post-
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Chairman of the Fed: William McChesney Martin Jr. and the Creation of the American Financial System
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that began in the second quarter of 1953 and lasted until the first quarter of 1954. The total
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cost roughly $ 56 billion. It has been described by James L. Sundquist, a staff member of the
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inflationary period and later in the year more funds were transferred into
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was expected into 1952 and the Federal Reserve set in motion restrictive
131: 173:, as "relatively mild and brief." The 1953 recession is an example of a 392: 361:
Maloney, H. D. (1959). "Monetary Policy and the Recession of 1953-54".
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Politics and Policy: The Eisenhower, Kennedy, and Johnson Years
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A History of the Federal Reserve – Volume 2, Book 1: 1951–1969
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Truman 1185:1997 Asian financial crisis 818:Civil War-era United States 351:Bureau of Economic Analysis 317:Bremner, Robert P. (2004). 300:University of Chicago Press 274:University of Chicago Press 1409: 961:Post–World War I recession 781:Post-Napoleonic Depression 1373:1954 in the United States 1368:1953 in the United States 871:2nd Industrial Revolution 804:(1836–1838 and 1839–1843) 720:1st Industrial Revolution 488:Price-and-wage stickiness 449: 1383:1954 in economic history 1378:1953 in economic history 1152:1990s United States boom 940:Financial crisis of 1914 967:Depression of 1920–1921 899:Depression of 1882–1885 813:Early Victorian Britain 548:Real and nominal values 1072:Recession of 1969–1970 1067:Recession of 1960–1961 1026:Recession of 1937–1938 364:The Journal of Finance 150: 142: 1190:Early 2000s recession 1157:Early 1990s recession 1109:Early 1980s recession 689:Commercial revolution 587:Nominal interest rate 327:Yale University Press 148: 124: 756:Copper Panic of 1789 329:. pp. 106–110. 302:. pp. 106–115. 276:. pp. 612–614. 241:James L. Sundquist, 167:Bureau of the Budget 43:improve this article 1092:1973–1975 recession 1036:Post–WWII expansion 710:Great Frost of 1709 538:Neutrality of money 519:Classical dichotomy 435:Economic expansions 223:Lists of recessions 58:"Recession of 1953" 1274:COVID-19 recession 934:Panic of 1910–1911 766:Panic of 1796–1797 592:Real interest rate 560:Economic expansion 175:V-shaped recession 151: 143: 1350: 1349: 1061:Recession of 1958 1055:Recession of 1953 1049:Recession of 1949 746:Thirteen Colonies 553:Velocity of money 483:Paradox of thrift 292:Meltzer, Allan H. 264:Schwartz, Anna J. 191:national security 155:recession of 1953 119: 118: 111: 93: 1400: 1142:Great Regression 1137:Great Moderation 983:Great Depression 972:Roaring Twenties 493:Underconsumption 463:Effective demand 454:Aggregate demand 428: 421: 414: 405: 400: 340: 313: 287: 260:Friedman, Milton 246: 239: 141: 139: 129: 114: 107: 103: 100: 94: 92: 51: 27: 19: 1408: 1407: 1403: 1402: 1401: 1399: 1398: 1397: 1353: 1352: 1351: 1346: 1211:Great Recession 1203: 1201:Information Age 1195: 1144: 1140: 1131: 1084: 1082:Great Inflation 1076: 1038: 1030: 953: 951:Interwar period 945: 881:Long Depression 873: 869: 860: 820: 816: 807: 722: 714: 691: 683: 648:U.S. recessions 643:U.K. recessions 575:U.S. expansions 445: 432: 377:10.2307/2976370 360: 347: 337: 316: 310: 290: 284: 258: 255: 253:Further reading 250: 249: 240: 236: 231: 219: 199:monetary policy 183: 171:Harry S. 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Index


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"Recession of 1953"
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real GDP

United States
recession
Bureau of the Budget
Harry S. Truman
V-shaped recession
Korean War
national security
inflation
monetary policy
debt refunding
demand
Lists of recessions
Friedman, Milton
Schwartz, Anna J.
A Monetary History of the United States, 1867–1960
University of Chicago Press

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