Table : TABLE 10-2 The History of the Business Cycle

Source: National Bureau of Economic Research.

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