Rather, a recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
For more information, see the latest announcement from the NBER's Business Cycle Dating Committee, dated 9/20/10.
So in 1752 these days had to be cut out of the year to make the adjustment.
Therefore Wednesday 2 September 1752 was followed immediately by Thursday 14 September.
In 1582 Pope Gregory XIII had reformed the calendar, then in use, known as the Julian Calendar (named after Julius Caesar).
: weights, money and other measures used by our ancestors’ (Lochin,1995).1752 was the first year in England to officially begin on 1 January.Until the Calendar Act of 1752, the year in England began officially on 25 March (Lady Day), and not 1 January (even though this was when New Year’s Day was celebrated).In Scotland, 1 January became the official beginning of the year in 1600, the day after 31 December 1599.Some documents will be dated not by the calendar year but by the regnal year - how long the ruling monarch had been on the throne.