Therecession of 1969–1970 was a relatively mild recession in theUnited States. According to theNational Bureau of Economic Research, the recession lasted for 11 months, beginning in December 1969 and ending in November 1970.^[1] It followed an economic slump that began in 1968.

At the end of the expansion, inflation was rising, possibly a result of increaseddeficit spending during a period offull employment. This recession coincided with an attempt to start closing the budget deficits of theVietnam War (fiscal tightening) and the Federal Reserve raising interest rates (monetary tightening).^[2]

During this relatively mild recession, thegross domestic product of the United States fell 0.6 percentage points. Though the recession ended in November 1970, the unemployment rate did not peak until the next month. In December 1970, the rate reached its height for the cycle of 6.1 percent.^[3]

• Meltzer, Allan H. (2009).A History of the Federal Reserve – Volume 2, Book 1: 1951–1969. Chicago:University of Chicago Press. pp. 578–605.ISBN 978-0226520025.
• Wells, Wyatt C. (1994).Economist in an Uncertain World: Arthur F. Burns and the Federal Reserve, 1970–1978. New York:Columbia University Press. pp. 54–65.ISBN 978-0231084963.

• 1969 in the United States
• 1970 in the United States
• Recessions in the United States
• 1960s in economic history
• 1970 in economic history
• 1969 in economic history
• Presidency of Richard Nixon

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