| Business-Cycle Peak | Business-Cycle Trough |
| no prior data available | December 1854 |
| June 1857 | December 1858 |
| October 1860 | June 1861 |
| April 1865 | December 1867 |
| June 1869 | December 1870 |
| October 1873 | March 1879 |
| March 1882 | May 1885 |
| March 1887 | April 1888 |
| July 1890 | May 1891 |
| January 1893 | June 1894 |
| December 1895 | June 1897 |
| June 1899 | December 1900 |
| September 1902 | August 1904 |
| May 1907 | June 1908 |
| January 1910 | January 1912 |
| January 1913 | December 1914 |
| August 1918 | March 1919 |
| January 1920 | July 1921 |
| May 1923 | July 1924 |
| October 1926 | November 1927 |
| August 1929 | March 1933 |
| May 1937 | June 1938 |
| February 1945 | October 1945 |
| November 1948 | October 1949 |
| July 1953 | May 1954 |
| August 1957 | April 1958 |
| April 1960 | February 1961 |
| December 1969 | November 1970 |
| November 1973 | March 1975 |
| January 1980 | July 1980 |
| July 1981 | November 1982 |
| July 1990 | March 1991 |
| March 2001 | November 2001 |
| December 2007 | June 2009 |
|
Data from: National Bureau of Economic Research. |
|