Source: Brexit and the European Project Economics of Commodity Prices Tax Policy and the Economy Charter Schools Childhood Interventions: What Works? Settled in 1641, it is celebrated as the site of the first shots of the American Revolutionary War, in the Battle of Lexington on April 19, 1775.
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The NBER does not define a recession in terms of two consecutive quarters of decline in real GDP.
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.
It always had a bustling downtown area, which remains to this day.
Lexington began to prosper, helped by its proximity to Boston, and having a rail line (originally the Lexington and West Cambridge Railroad, later the Boston and Maine Railroad) service its citizens and businesses, beginning in 1846.
(As of 2015, the Minuteman Bikeway occupies the site of the former rail line.) For many years, East Lexington was considered a separate village from the rest of the town, though it still had the same officers and Town Hall.
This allowed them to have a separate church and minister, but were still under jurisdiction of the Town of Cambridge.
Lexington was incorporated as a separate town in 1713. In the early colonial days, Vine Brook, which runs through Lexington, Burlington, and Bedford, and then empties into the Shawsheen River, was a focal point of the farming and industry of the town.