The recession of 1958, also known as the Eisenhower Recession, was a sharp worldwide economic downturn in 1958.[1] The effect of the recession spread beyond the United States to Europe and Canada, causing many businesses to shut down.[2] Officially, recessionary circumstances lasted from the middle of 1957 to April 1958.[3] Though it is generally regarded as a moderate recession,[1] it was the most significant recession during the post–World War II economic expansion between 1945 and 1973.
- ^ a b "The Economic Report of the President" (PDF). Monthly Labor Review. 82 (3). The American Presidency Project. U.S. Government Printing Office: 1–225. 1959. Retrieved 20 Oct 2014.
- ^ "The Recession of 1958 - Photo Essays". January 1, 2008. Retrieved November 5, 2014.
- ^ Cite error: The named reference
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