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Ovorhangay Travel on Expansions, as the counterpart to contractions, are the positive side of the business cycle. Fortunately, in the United States, business cycles have diminished in severity. Since WORLD WAR II, there have been 10 cycles, with expansions averaging 57 months and contractions averaging only 10 months. In the most severe recession during this time (July 1981 to November 1982), output fell only 2.9 percent, and unemployment reached a maximum of 11 percent. In contrast, in the years between the Civil War and World War II there were 19 cycles, with expansions averaging 28 months and contractions averaging 22 months. In the most severe contraction during this time, the Great Depression, output fell 27 percent, and unemployment reaching over 25 percent. Ovorhangay Travel 2016.