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Encyclopedia > Economic contraction

An economic contraction is a reduction in goods and services for sale in the market place. Typically it relates to a downturn in production caused by external factors such as weather, or by such internal factors as taxes, regulatory constraints or other impacts on producer incentives.


Economic contraction and expansion relate to overall output of all goods and services whilst the terms inflation and deflation relate to the value of money. Deflation (economics) Deflation (data compression) Deflation is the removal of loose soil by eolian (wind) processes This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ...


Diana Y Calvillo


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EH.Net Encyclopedia: Depression of 1893 (3501 words)
This article describes economic developments in the decades leading up to the depression; the performance of the economy during the 1890s; domestic and international causes of the depression; and political and social responses to the depression.
It was accompanied by violent strikes, the climax of the Populist and free silver political crusades, the creation of a new political balance, the continuing transformation of the country's economy, major changes in national policy, and far-reaching social and intellectual developments.
The National Bureau of Economic Research estimates that the economic contraction began in January 1893 and continued until June 1894.
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