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- Recession of 1953
In the U.S., began in the second quarter of 1953 and lasted until the first quarter of 1954
|right|thumb|250x250px]] The recession of 1953 was a period of economic downturn in the United States that began in the second quarter of 1953 and lasted until the first quarter of 1954. The total recession cost roughly $56 billion. It has been described by James L. Sundquist, a staff member of the Bureau of the Budget and speechwriter for President Harry S. Wikipedia
