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The Business Cycle in America from 1900 to 1965

In: Money, Banking, and the Business Cycle

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  • Brian P. Simpson

Abstract

In this chapter I discuss the period in America from 1900 to 1965. Data for a number of variables can be found as far back as 1900 and some data go back even farther. Other data, industrial production indices and the rate of profit, do not go back so far. However, the data that do exist will help solidify one’s understanding of the business cycle. This chapter completes my historical analysis of the business cycle and provides further empirical evidence of the validity of Austrian Business Cycle Theory (ABCT). During this period, according to real gross national product (GNP), recessions or depressions occurred in 1904, 1908, 1914–15, during the post-World War I (WWI) period, 1924, 1927, 1930–33, 1938, toward the end of and immediately after World War II (WWII), 1954, and 1958.

Suggested Citation

  • Brian P. Simpson, 2014. "The Business Cycle in America from 1900 to 1965," Palgrave Macmillan Books, in: Money, Banking, and the Business Cycle, chapter 9, pages 221-244, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-33149-6_10
    DOI: 10.1057/9781137331496_10
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