Do you know what caused the 1982 recession? This was one of the worst economic periods in the history of the United States, and will probably be remembered as such for quite some time. Even though there have been a couple of recessions since, this one will always stick out thanks to the reasons for it as well as the many problems it brought forth.

The Iranian Revolution was the main cause of the 1982 recession. This took place in Iran in 1979, and began to affect other parts of the world, especially the United States, shortly thereafter. What happened as this revolution continued to spread? For one, the price of oil skyrocketed across the world. As you probably know, this caused gas prices to spike which in turn put a huge strain on millions of Americans.

The main reason for the price increase was the new power that had recently taken over Iran. The new powers-at-be decided to export oil on an inconsistent basis while also doing so at a much lower volume. The end result was the price of oil increasing day after day. To protect against this the United States put into place a policy to control inflation and the end result was a recession.

This recession lasted from January 1980 to November 1982, or a total of 22 months. This was one of the longer recessions in recent history, and one that will not soon be forgotten. Now do you have a better idea of what caused the 1982 recession?

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You are probably aware that the United States economy is in a recession. And while you may be caught up thinking about what is going on right now, you should realize that this is not the first time this has happened. When was the last recession in the United States? Do you know the answer to this question? If not, you should research the history of recessions in the US so you can understand why they happen, the effects, and much more.

The last recession in the United States took place between March 2001 and November 2001. Even though this recession only lasted eight months, it caused many problems for the country as well as millions of Americans. The main culprit of the 2001 recession was the bursting of the dot com bubble. After several years of highs, the money make craze of the internet finally came tumbling down and this led to a recession. Of course, the 9/11 attacks on the United States did not help the economy despite the fact that Americans stayed strong throughout the ordeal.

Experts saw this recession coming, but as always, it is hard to convince the people that something like this can happen.

Know you know when was the last recession in the United States was. Do you see any similarities between that recession and the one that the US is facing right now? Just like the last recession, the current situation will clear up in time and the US economy will get back on track. Unfortunately, the recovery is taking longer this time around.

As you know, the United States is in a recession that is causing major problems throughout the country as well as other parts of the world. But this is not the first time that the economy has hit a snag. The last recession was in 2001. While this was a serious situation, it is important to note that the recession of 2001 was far from what the nation is dealing with right now. That being said, there were several major causes of the 2001 recession.

The number one cause of the recession in 2001 was the crash of the dot com bubble. When this happened the stock market when into a state of shock, and millions of people who heavily invested in these companies lost a lot of money. The eventual collapse of the NASDAQ is one detail of the 2001 recession that most people remember. By the final quarters of 2002 the crash was enough to cause a recession.

Many economists are unsure of whether or not this was an actual recession because the economy did not experience a negative gross domestic product for two consecutive quarters. But even though there is a lot of debate around this subject, there is no denying that this “recession” caused many Americans to go through tough times.

As you can see, the major cause of the 2001 recession was the bursting of the dot com bubble. Even though this recession, if you want to call it that, only lasted eight months - it was still serious.

Even though the current recession may be hitting you hard, it is important to know that this is not the first time that the United States economy has gone through this. Believe it or not, there have been many recessions in past years and it is safe to say there will be more in the future. As a citizen, it is good to know the US economic recession history so you understand what has happened in the past and how this affects you now.

The first recession in the United States took place between 1797 and 1800. This was known as the panic of 1797, and was caused mainly by the Bank of England attempting to bring business to the United States.

Next in line was the recession that lasted from 1807 to 1814. This was a very serious problem, and for this reason was given the name the Depression of 1807.

After recessions in 1819 and 1837, the country faced another similar situation in 1857. During all three of these recessions failing banks were common.

The recession of 1926 was followed by the Great Depression in the early 1930s. This is undoubtedly as bad as times as the country has ever faced.

From 1980 to 1980 a recession due to the Iranian Revolution plagued the United States economy. This led to a spike in the cost of oil all over the world.

When the dot com bubble busted in 2001, this started a recession which fortunately only lasted eight months.

As you can see, the United States has a long history of recessions. The one that is currently plaguing the country is more serious than many of those in the past due to its extended length. Now that you know more about the US economic recession history you should have a better understanding of this topic and what it means to you.