Word: downturns
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Dates: during 1990-1999
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...regional downturn quickly spread to the housing market. The median price of homes in the New York City area fell from $190,000 in the third quarter of 1988 to $182,600 in the same period last year. In Connecticut so many condominiums are on the block that the state is setting up a program to acquire 500 units at bargain prices and rent or sell them to low- and moderate-income families...
...Federal Reserve Board, is generally credited with breaking the inflation by reining in the money supply in 1980-81. That also touched off the worst recession of the postwar era, bringing unemployment rates of more than 10% (25% in some areas and industries). President Reagan helped end the downturn by cutting taxes in 1981, which created huge deficits but also launched a record boom that hasn't finished...