Encyclopedia of Early Modern History Online

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Industrial cycle (business cycle)
(1,528 words)

1. Definition

Economists relate the concepts Konjunktur (“state of the economy”, but also “period of growth”) and “economic cycles” (whether “industrial” or “business”) to industrial development, and so to the period following English industrialization starting in the late 18th century. Economic cycles were first described by an English writer in 1837, noting the periodic ups and downs of economic activity independent of agriculture. The distinction between s…

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Gömmel, Rainer, “Industrial cycle (business cycle)”, in: Encyclopedia of Early Modern History Online, Editors of the English edition: Graeme Dunphy, Andrew Gow. Original German Edition: Enzyklopädie der Neuzeit. Im Auftrag des Kulturwissenschaftlichen Instituts (Essen) und in Verbindung mit den Fachherausgebern herausgegeben von Friedrich Jaeger. Copyright © J.B. Metzlersche Verlagsbuchhandlung und Carl Ernst Poeschel Verlag GmbH 2005–2012. Consulted online on 25 March 2023 <http://dx.doi.org/10.1163/2352-0272_emho_COM_020214>
First published online: 2015
First print edition: 20190124

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