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Eisenhower Recession started
The Eisenhower recession was a recession that started in 1957 and lasted for only 1 year. It was one of the shorter recessions in U.S. history, but its effects were definitely notable. -
Eisenhower Recession ended
1958 was the year that the Eisenhower recession ended and the economy started to build itself back up. It was ended because of the government's actions to stop the recession. The government made multiple policies like the fiscal policy, where the government spent 25 million dollars to build new highways causing more people to find jobs in places because they could easily get there. They had lots more policies and actions to boost the economy back up which eventually worked out in 1958. -
Rising After Recession
In 1959, the economy was at a very good spot after rising the eisenhower recession in 1957 and 1958. At an annual GDP per capita of 2,945$. This may not seem like a lot, but it is equal to about 31,608.81$ in today's money. That was a really good amount of money for people back then. But after 1959, the economy kept on rising and getting better.