Topic: Jim O'Connor
AP News | 2009-03-09 10:10:09
The 1981-82 recession was painful; current struggles could cut even deeper into US economy
Factory jobs disappeared. Inflation soared. Unemployment climbed to alarming levels. The hungry lined up at soup kitchens. It wasn't the Great Depression. It was the 1981-82 recession, widely considered America's worst since the depression. That painful time during Ronald Reagan's presidency is a ...
