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.
1 There were three big drops during the 2000-'01 bear market that preceded the recession of the early George W. Bush years. 2  The stock market suffered 11 big drops in the last four months of 2008, during the Great Recession that was officially under way by then.