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American decline is the idea that the United States of America is diminishing in power on a relative basis geopolitically, militarily, financially, economically, and technologically.
- What's A Recession?
- Surveying Past U.S. Recessions
- The Own Goal Recession: May 1937–June 1938
- The V-Day Recession: February 1945–October 1945
- The Post-War Brakes Tap Recession: November 1948–October 1949
- The M*A*S*H* Recession: July 1953–May 1954
- The Investment Bust Recession: August 1957–April 1958
- The 'Rolling Adjustment' Recession: April 1960–February 1961
- The Guns and Butter Recession: December 1969–November 1970
- The Oil Embargo Recession: November 1973–March 1975
Recessions are sometimes defined as two consecutive quarters of decline in real Gross Domestic Product (GDP), which measures the combined value of all the goods and services produced in an economy. In the U.S., the National Bureau of Economic Research (NBER) defines a recession as "a significant decline in economic activity that is spread across th...
Let's take a look at all official U.S. recessions since the Great Depression, focusing on common measurements of their severity as well as causes. 1. Duration: How long did the recession last, according to NBER? 2. GDP decline: How much did economic activity contract from its prior peak? 3. Peak unemployment rate: What was the maximum proportion of...
Duration: 13 monthsGDP decline: 10%Peak unemployment rate: 20%Reasons and causes: Expansionary monetary and fiscal policies had secured a recovery from the Great Depression after 1933, albeit an uneven and incomplete one. In 1936-1937 policymakers changed cou...Duration: Eight monthsGDP decline: 10.9%Peak unemployment rate:3.8%Reasons and causes: The 1945 recession reflected massive cuts in U.S. government spending and employment toward the end and immediately after World War II. Federal spending fell 40% in 1946 and 38%...Duration: 11 monthsGDP decline:1.7%Peak unemployment rate: 7.9%Reasons and Causes: The first phase of the post-war boom was in some ways comparable to the economic recovery from the COVID-19 pandemic. Amid a backlog of consumer demand suppressed during the war...Duration: 10 monthsGDP decline:2.7%Peak unemployment rate: 5.9%Reasons and causes: The wind-down of the Korean War caused government spending to decline dramatically, lowering the federal budget deficitfrom 1.7% of GDP in fiscal 1953 to 0.3% a year later. Mean...Duration: Eight monthsGDP decline:3.7%Peak unemployment rate: 7.4%Reasons and causes: The end of the Korean War unleashed a global investment boom marked by a surge in exports of U.S. capital goods. The Fed responded by tightening monetary policy as the inflation...Duration: 10 monthsGDP decline: 1.6%Peak unemployment rate: 6.9%Reasons and causes: This relatively mild recession was named for the so-called "rolling adjustment" in U.S. industrial sectors tied to consumers' diminished demand for domestic autos amid growing c...Duration: 11 monthsGDP decline: 0.6%Peak unemployment rate:5.9%Reasons and causes: Military spending increased in the late 1960s amid growing U.S. involvement in the Vietnam War and alongside high expenditures on domestic policy initiatives.As a result, the fe...Duration: 16 monthsGDP decline: 3%Peak unemployment rate: 8.6%Reasons and causes: This long, deep recession began following the start of the Arab Oil Embargo, which would quadruple crude prices. That tipped the balance for an economy struggling with the deval...Those fixated with American decline have embraced a mythic and excessively heroic reading of the early Cold War. Over the last decade or so, the period between 1945 and 1960 has come to serve as the golden age of American foreign policy, when the United States set aside its hesita-tions and emerged fully and emphatically in its destined role of ...
- Uncontrollable U.S. Debt: The U.S. Debt Clock displays the inevitability of American decline — a “ticking time bomb” of data and financial evidence — especially the following three.
- Low student achievement: If our nation is to dig itself out of that harrowing debt trap, it will need successive generations of superstar students, armed with skills and creativity.
- Increasing income and wealth inequality: Sub-par educational achievement will probably only increase the gap between the rich and poor. Moreover, it will shrink the once-vibrant middle class — the pride of post-war America.
- Loss of American identity and patriotism: The once-great American “melting pot” is an outdated concept for many Americans. Traditionally, immigrants with different languages and cultures assimilated and became distinctly American.
Jan 1, 2019 · Abstract. A century ago, Woodrow Wilson changed America's place in the world when he sent two million men to fight in Europe, but America withdrew into iso.
- Joseph S. Nye
- 2019
Apr 25, 2024 · The rise and fall of great powers is a cliche of history. The idea that civilisations, states, or societies grow and decline is a common one. But is it true? As a group of archaeologists,...
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Aug 19, 2014 · Consider this, if you would: a network of far-flung, powerful, high-tech civilizations closely tied by trade and diplomatic embassies; an accelerating threat of climate change and its pressure on...
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