1 Do not capitalize general positions or titles. For example, capitalize Mother when that is the name a person uses to address his or her mother.  Capitalize positions or titles when they refer to specific people or agencies, such as Social Security Administrator or Agency (referring to a specific agency).
This recession lasted ten months (July 1953 - May 1954). It resulted from the demobilization after the Korean War. Unemployment didn't reach its peak of 6.1 percent until September 1954, four months after the recession ended. GDP contracted 2.2 percent in Q3, 5.9 percent in Q4, and 1.8 percent in Q1 1954.
Whether or not the seven-year theory is strictly accurate, many economists are warning that another crisis is coming soonâand weâve definitely been through the cycle before. Hereâs a look at how TIME covered six of the worst crises to hit the United States in the last century, at the moments when things looked their bleakest: 1929: The Crash of '29 Oct. 29, 1929: Workers flood the streets in a panic following the Black Tuesday stock market crash on Wall Street, New York City.