Talk:Recession of 1958

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The Mining Operation

The article begins by pointing out that "the effect of the recession spread beyond United States borders to Europe and Canada, causing many businesses, like the mining operation, to shut down". Which mining operation? How did it affect Europe? And several sources - including Time itself - describe this as the 1957 recession,[1][2][3], giving a timescale of August 1957-April 1958. -Ashley Pomeroy (talk) 17:12, 17 June 2015 (UTC)[reply]

Causal conversation

The "Causes" section seems to have missed the point. Car ales being down is a symptom: why were they down? Why was there a delcine in purchase of equipment? Raising interest rates seems to be a factor; why did the Fed do it? TREKphiler ^{any time you're ready, Uhura} 01:28, 2 September 2018 (UTC)[reply]

There was a global pandemic that spread from China and went world wide. (https://en.wikipedia.org/wiki/1957%E2%80%9358_influenza_pandemic) Sound familiar? DaBunny42 (talk) 18:06, 27 April 2020 (UTC)[reply]

title

Why is the article called the recession of 1958 instead of 1957?https://www.globalsecurity.org/military/world/usa/history/recession-of-1957.htm, https://marginalrevolution.com/marginalrevolution/2020/03/the-forgotten-1957-pandemic-and-recession.html, https://www.thebalance.com/the-history-of-recessions-in-the-united-states-3306011, https://www.thebalance.com/the-history-of-recessions-in-the-united-states-3306011 (1957-1958), https://www.investopedia.com/articles/economics/08/past-recessions.asp (The Eisenhower Recession), although https://financeandcareer.com/recessions-in-the-us-since-the-20th-century-and-what-caused-them/ and http://content.time.com/time/photogallery/0,29307,1850639,00.html Kdammers (talk) 04:50, 28 June 2020 (UTC)[reply]

"By the time recovery began in May 1958, most lost ground had been regained"

I don't understand this sentence. It seems to contradict itself unless the beginning was also almost the end. (Yes, the recovery was in many ways rapid, but it was not virtually instantaneous.)Kdammers (talk) 04:52, 28 June 2020 (UTC)[reply]

Flu

What about the effects of the 1957–1958 influenza pandemic? The Wikipedia article on that says that it affected the U.S. stock market. One source says the GDP sank 3.3% because of the flu (https://www.history.com/news/us-economic-recessions-timeline). See also a brief mention (2% loss of GDP in the U.S.) in https://www.reuters.com/article/us-reutersmagazine-davos-flu-economy-idUSBRE90K0F820130121 . Kdammers (talk) 05:09, 28 June 2020 (UTC)[reply]

Very poor writing

"By the end of the recession, the index of industrial production was 142% of the 1947 to 1949 average. Total employment had increased by about 1 million from its recession low while unemployment had been reduced by 1 million."

a) The industrial production figure is, by itself, meaningless. The important factor is the comparison between different index figures over time. b) Given that unemployment is (notoriously) a lagging indicator, it's impossible for the employment figures given here to be true. They might be true if the phrase "By the end of the Eisenhower Administration" is substituted for "By the end of the recession", but that is merely a guess. Harfarhs (talk) 23:21, 14 July 2024 (UTC)[reply]