Recession



A recession is a long period of slow business activity. During this time in 1937, industrial production and employment levels fell dramatically. Americans had less money during this period because Franklin Roosevelt cut back tremendously on goverment spending. This struggle continued for many years.
 * __RECESSION:__**


 * Information Resource**-- America: Pathway to the Present (pg.554)
 * Picture Resource**-- http://images.businessweek.com/ss/08/01/0124_recessions/image/1937_market.jpg