Recession of 1937–38 Federal Reserve History

Lasting from May 1937 until June 1938, this recession was America’s third-worst downturn of the 20th century. With real GDP dropping 10 percent and unemployment hitting 20 percent, it was less severe than the recessions of 1920 and 1929.

Great Depression: Years, Facts & Effects

History of Recessions in the United States

Recession of 1937–38

Why did the Great Depression happen? - by Maia Mindel

When does a recession become a depression?

The New Deal and Recovery, Part 10: The Roosevelt Recession

What caused the recession of 1937-38?

Recession: Definition, Causes, Examples and FAQs

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