The Long Depression was, by a large margin, the longest-lasting recession in U.S. history. It began in the U.S. with the Panic of 1873, and lasted for over five years. This depression was the largest in a series of recessions at the turn of the 20th century, which proved to be a period of overall stagnation as the U.S. financial markets failed to keep pace with industrialization and changes in monetary policy. Great Depression The Great Depression, however, is widely considered to have been the most severe recession in U.S. history. Following the Wall Street Crash in 1929, the country's economy collapsed, wages fell and a quarter of the workforce was unemployed. It would take almost four years for recovery to begin. Additionally, U.S. expansion and integration in international markets allowed the depression to become a global event, which became a major catalyst in the build up to the Second World War. Decreasing severity When comparing recessions before and after the Great Depression, they have generally become shorter and less frequent over time. Only three recessions in the latter period have lasted more than one year. Additionally, while there were 12 recessions between 1880 and 1920, there were only six recessions between 1980 and 2020. The most severe recession in recent years was the financial crisis of 2007 (known as the Great Recession), where irresponsible lending policies and lack of government regulation allowed for a property bubble to develop and become detached from the economy over time, this eventually became untenable and the bubble burst. Although the causes of both the Great Depression and Great Recession were similar in many aspects, economists have been able to use historical evidence to try and predict, prevent, or limit the impact of future recessions.

Graph and download economic data for Dates of U.S. recessions as inferred by GDP-based recession indicator (JHDUSRGDPBR) from Q4 1967 to Q1 2025 about recession indicators, GDP, and USA.

By April 2026, it is projected that there is a probability of ***** percent that the United States will fall into another economic recession. This reflects a significant decrease from the projection of the preceding month.

The 2020 recession did not follow the trend of previous recessions in the United States because only six months elapsed between the yield curve inversion and the 2020 recession. Over the last five decades, 12 months, on average, has elapsed between the initial yield curve inversion and the beginning of a recession in the United States. For instance, the yield curve inverted initially in January 2006, which was 22 months before the start of the 2008 recession. A yield curve inversion refers to the event where short-term Treasury bonds, such as one or three month bonds, have higher yields than longer term bonds, such as three or five year bonds. This is unusual, because long-term investments typically have higher yields than short-term ones in order to reward investors for taking on the extra risk of longer term investments. Monthly updates on the Treasury yield curve can be seen here.

Graph and download economic data for Real-time Sahm Rule Recession Indicator (SAHMREALTIME) from Dec 1959 to Aug 2025 about recession indicators, academic data, and USA.

View monthly updates and historical trends for US Recession Probability. from United States. Source: Federal Reserve Bank of New York. Track economic data…

The 2001 recession was unique in several respects. For instance, the peak-to-trough decline in real Gross Domestic Product was one of the smallest on record and its duration was slightly shorter than average. This article examines some of the other unique features of the 2001 recession compared with the "average" post-World War II recession. The author also shows that forecasters were surprised by the onset of the recession, perhaps because of incomplete data available to them in real time. Finally, the article examines the errors from a well-known macroeconomic forecast and finds that forecasters were surprised by the declines in real business and household fixed investment, as well as real net exports, before the March 2001 business cycle peak.

The Dow Jones Industrial Average (DJIA) is a stock market index used to analyze trends in the stock market. While many economists prefer to use other, market-weighted indices (the DJIA is price-weighted) as they are perceived to be more representative of the overall market, the Dow Jones remains one of the most commonly-used indices today, and its longevity allows for historical events and long-term trends to be analyzed over extended periods of time. Average changes in yearly closing prices, for example, shows how markets developed year on year. Figures were more sporadic in early years, but the impact of major events can be observed throughout. For example, the occasions where a decrease of more than 25 percent was observed each coincided with a major recession; these include the Post-WWI Recession in 1920, the Great Depression in 1929, the Recession of 1937-38, the 1973-75 Recession, and the Great Recession in 2008.

Inflation is generally defined as the continued increase in the average prices of goods and services in a given region. Following the extremely high global inflation experienced in the 1980s and 1990s, global inflation has been relatively stable since the turn of the millennium, usually hovering between three and five percent per year. There was a sharp increase in 2008 due to the global financial crisis now known as the Great Recession, but inflation was fairly stable throughout the 2010s, before the current inflation crisis began in 2021. Recent years Despite the economic impact of the coronavirus pandemic, the global inflation rate fell to 3.26 percent in the pandemic's first year, before rising to 4.66 percent in 2021. This increase came as the impact of supply chain delays began to take more of an effect on consumer prices, before the Russia-Ukraine war exacerbated this further. A series of compounding issues such as rising energy and food prices, fiscal instability in the wake of the pandemic, and consumer insecurity have created a new global recession, and global inflation in 2024 is estimated to have reached 5.76 percent. This is the highest annual increase in inflation since 1996. Venezuela Venezuela is the country with the highest individual inflation rate in the world, forecast at around 200 percent in 2022. While this is figure is over 100 times larger than the global average in most years, it actually marks a decrease in Venezuela's inflation rate, which had peaked at over 65,000 percent in 2018. Between 2016 and 2021, Venezuela experienced hyperinflation due to the government's excessive spending and printing of money in an attempt to curve its already-high inflation rate, and the wave of migrants that left the country resulted in one of the largest refugee crises in recent years. In addition to its economic problems, political instability and foreign sanctions pose further long-term problems for Venezuela. While hyperinflation may be coming to an end, it remains to be seen how much of an impact this will have on the economy, how living standards will change, and how many refugees may return in the coming years.

Prior to the 2020 recession, the yield curve was only inverted for *** days, which was much shorter than the average *** days preceding the previous five U.S. recessions. For instance, the yield curve was inverted for *** days between the inversion in January 2006 and the start of the ********* recession. A yield curve inversion refers to the event where short-term Treasury bonds, such as *** or ***** month bonds, have higher yields than longer term bonds, such as ***** or **** year bonds. This is unusual, because long-term investments typically have higher yields than short-term ones in order to reward investors for taking on the extra risk of longer term investments. Monthly updates on the Treasury yield curve can be seen here.

Long Term Unemployment Rate in the United States increased to 1.13 percent in August from 1.07 percent in July of 2025. This dataset provides the latest reported value for - United States Long Term Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

View data of the S&P 500, an index of the stocks of 500 leading companies in the US economy, which provides a gauge of the U.S. equity market.

Following the collapse of the Wall Street investment bank Lehman Brothers on the 15th of September 2008, the United States government committed to intervene in the financial sector to stabilize the system and prevent further bankruptcies of systemically relevant institutions. This action was unprecedented in modern U.S. history and led to many financial institutions being part-nationalized, receiving huge sums of money in the form of government bailout packages, or having their activities strongly monitored and regulated by federal government agencies. Public opinion on the bailouts In spite of the controversy within the Republican Party, traditionally the party of small government and non-intervention in the economy, over George W. Bush's administration taking these measures, Republican voters actually showed above average levels of support for these policies. Democrats and independent voters showed lower than average levels of support for these interventions, although a majority of both still supported the administration's policies.

The opposition to government support of the financial system from democrats and independents, many of whom would likely otherwise support more state intervention in the economy, possibly reflected the sentiment that the institutions which had caused a crisis would now benefit from public investment into the financial system. This sentiment drove many protests in the U.S. at the time, notably the Occupy Wall Street movement.

The decades that followed the Second World War were among the most prosperous in modern history, and are referred to as the Golden Age of Capitalism in many countries. This period came to an end, however, with the 1973-1975 recession. Differences across the bloc Across the OECD member states, there was a significant drop in real GDP growth over the two decades, falling from an average of five percent annual growth in the 1960s to just 3.5 percent annually in most of the 1970s. Of all OECD countries shown here, Japan experienced the highest rate of real GDP growth in both decades, although it dropped from 11 to six percent between these years (Japan's real GDP growth was still higher in the 1970s than the other members' rates in the 1960s). Switzerland saw the largest relative decline over the two periods, with growth in the 1970s below one third of its growth rate in the 1960s. What caused the end of rapid growth? The Yom Kippur War between Israel and its Arab neighbors (primarily Egypt and Syria) resulted in the Arab oil-producing states placing an embargo on Israel's Western allies. This resulted in various energy and economic crises, compounded by other issues such as the end of the Bretton Woods financial system, which had far-reaching consequences for the OECD bloc. Additionally, the cost of agricultural goods and raw materials increased, and there was a very rare case of stagflation across most of the world's leading economies.

Within the field of periodontal therapy, the incidence of marginal gingival recession is a well-known finding that highlights the significance of adopting clinically sound root coverage strategies for successful treatment plans. Among these methods, Iwano Y.'s 2013 introduction of the Bidirectionally Positioned Flap (BPF) offers a unique strategy that merits further study. Thus the present study aims to evaluate the clinical results of BPF versus the conventional Coronally Advanced Flap (CAF) for treating isolated gingival recessions that fit into Miller's Class I category. For this six-month clinical study, sixteen patients with a mean age of 41.8 years demonstrating such recessions were included in the study. Throughout the study, a number of clinical parameters were carefully documented, including the plaque index (PI), gingival thickness (GT), recession height (RH), probing depth (PD), clinical attachment level (CAL), keratinized tissue height (KTH), recession height (RH), and Visual Analogue Scale (VAS). Six months later, both treatment methods showed considerable root coverage (P < 0.01), with an average coverage of 2.5 mm for the BPF group and 2.38 mm for the CAF group. Remarkably, there was no discernible statistically significant variation in the relative loss in height among the two treatments. In addition, there were no statistically significant differences in the assessments of gingival thickness (GT), probing depth (PD), keratinized tissue height (KTH), and clinical attachment level (CAL) between the treatment groups. The results of this investigation highlight the effectiveness of BPF and CAF in improving root coverage for a six-month duration, with BPF showing promise as a treatment for isolated gingival recession.

There have been ups and downs in the history of the Dow Jones Industrial Average index (DJIA). Some years brought as much as ** percent of decrease in its value. Great Recession, however, took the largest toll on the Dow. In 1931, the index lost ***** percent of its value.

Index history

Dow Jones Industrial Average index (DJIA) is one of the most important stock market indices worldwide. It was created in 1896 by Charles Dow and Edward Jones. DJIA is the second oldest U.S. stock index after the Dow Jones Transportation Average, which was established in 1984.

Index components

DJIA reflects the performance of thirty large U.S. publicly traded companies. When the index was created, it was primarily composed of industrial companies, hence the index name. With time, the economic situation in the U.S. has changed and apart from industrial companies, which played a huge role in the market in the **** and the beginning of the **** century, also companies from other leading industries were incorporated into the index. At present, the DJIA index is composed of most renowned U.S. corporations, such as Coca Cola, Microsoft or Walt Disney.

Inflow rate, average slope, Manning’s roughness, inflow duration, advance time, CR, infiltrated volume, and KE equation coefficients for each irrigated bordera.

Industrial output across the OECD fell by significant amount between the 1960s and 1970s, when annual averages are compared. Overall, the OECD saw industrial output grow by almost six percent in each year between 1960 and 1970, whereas this growth fell to just 3.5 percent per year between 1971 and 1978. The largest individual decline of the major economies was observed in Japan, who saw a difference of nine percent between the two periods. The largest proportional decline of the given countries, however, was observed in Switzerland, where annual industrial output between 1971 and 1978 was less than one tenth of the rate in the previous period. The primary reason for this decline was due to the 1973-1975 recession that resulted from the oil embargo of 1973, which highlighted the developed world's increasing dependency on foreign oil imports. This recession also marked the end of the post-war economic boom, but saw the transition of economies such as Japan, West Germany, and wider European Economic Community in general (i.e. the predecessor to the EU) into global economic powers.

Abstract This case series reports a modified tunnel technique with connective tissue graft for the root coverage of multiple Miller Class I, II, and III gingival recessions. The modified approach presents an innovative suture technique to improve the stability and position of the graft. Ten patients with multiple gingival recessions (n=85 teeth) received surgical root coverage treatment. The gingival recession height and width were measured and presented as median, minimum, and maximum values. The percentage of the root coverage after at least 12 months expressed the treatment effectiveness. The Shapiro-Wilk test evaluated the normality; pared Wilcoxon test determined the exact P-value for the differences in the height of the gingival recession before and after surgical treatment (α = 0.05). An average of 97.9% (± 5.6%, p < 0.0001) root coverage after treatment occurred, and 73 out of 85 recessions presented complete root coverage after 12 months. Treatment of Miller class I and II gingival recessions resulted in root coverage higher than 99 and class III higher than 95% (p < 0.0001). The presented case series report the efficacy of a modified surgical technique promoting more than 95% of root coverage after 12 months in multiple Miller Class I, II, and III gingival recessions. Well-designed blind randomized controlled trials are needed to validate the proposed technique.

The Ahklun Mountains support the only extant glaciers in western Alaska. The glaciers were originally mapped by the U.S. Geological Survey using photogrammetry methods based on 1972 - 1973 aerial photos. We surveyed for presence or absence of the glaciers by fixed-wing aircraft in 2006. Of 109 glaciers originally mapped, 10 (9%) had disappeared. Using aerial imagery of a subset of 76 glaciers at three time steps between 1957 - 2009, we determined the average rate of areal loss was 45% over 52 years. At this rate, it is likely that all Ahklun Mountain glaciers will be extinguished by the end of the current century.