Recession of 1937–38 Federal Reserve History

Lasting from May 1937 until June 1938, this recession was America’s third-worst downturn of the 20th century. With real GDP dropping 10 percent and unemployment hitting 20 percent, it was less severe than the recessions of 1920 and 1929.

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Recession of 1937–38

Monetary base and components of the supply of reserve funds, 1934–40

Recession: Definition, Causes, Examples and FAQs

A History of the Federal Reserve, Volume 1: 1913-1951 Hoover Institution A History of the Federal Reserve, Volume 1: 1913-1951

The New Deal and Recovery, Part 10: The Roosevelt Recession

Liveblogging the Great Depression: Comparison with the Great Recession - Robert F. Bruner

Roosevelt's Recession, 1937: Lasting History and Contested Policy

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Great Depression - Stock Market Crash, Unemployment, Poverty

The Federal Reserve's worst nightmare: The 'ghost of 1937