Economics of the 2009 Recession Thesis

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In order for this to happen there must be a lot of industrial production happening. If you look at the history of industrial production, when ever there has been a drop, consumers have stopped spending and a recession has taken place. During the oil crisis from 1973-1975, the industrial production rate fell to about 74%. In 1983 the industrial production rate fell to 71% sparking the recession of the 1980's.

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Again in 2001, the industrial production rate fell to 74% after September 11th, causing the recession of the 1990's. Today the industrial production rate has fallen to about 73% leading to the current recession (History of U.S. Economic Recession, n.d.). If history holds true the industrial production rate will go back up and consumers will once again spend money and the recession will fade from our memory until the next.....

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"Economics Of The 2009 Recession" (2009, March 10) Retrieved May 18, 2024, from
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"Economics Of The 2009 Recession" 10 March 2009. Web.18 May. 2024. <
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"Economics Of The 2009 Recession", 10 March 2009, Accessed.18 May. 2024,
https://www.aceyourpaper.com/essays/economics-2009-recession-24058
   

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