Galactic recession

The galactic recession was a galaxy-wide financial crisis that erupted following the Galactic Civil War ending in 5 ABY and lasted at least until 9 ABY. With critical aid such as medical supplies and food being impacted and economical infrastructure for production and distribution under considerable pressure.
==History==
===Background===
After the Battle of Endor, the economist Kriz Tray discussed the possible impact the apparent fall of the Galactic Empire would hold for the galactic economy in a broadcast. Tray believed that the core issue at hand for the growing New Republic would be establishing a stabilized system of credit, with the economist further suggesting that anti-infiltration measures needed to be enacted and believing that the Empire's former contracts needed to be fulfilled to maintain the economy. Princess Leia Organa, who watched Tray's broadcast on her honeymoon, disagreed with Tray's contract point.
===The recession===
Following the signing of the Galactic Concordance and the end of hostilities in 5 ABY, the New Republic initially found itself unable to support the sudden shift from warfare to peace. The production and distribution of critical aid such as medical supplies and food as well as the payment of Rebel Alliance personnel before they were demobilized required significant funds, which the New Republic didn't possess. Additionally, the infrastructure that supported the galactic economy was previously ran by Imperialized worlds, such as Corellia, which found themselves under New Republic management without the knowledge of how to run it. Workers and laborers abandoned their posts due to the cessation of payments, grounding food shipments, transport services and infrastructure repairs to a halt.
As a result of the recession, bounty hunting was no longer as profitable due to bounties being significantly lower than before, leading Bounty Hunters' Guild Masters to assign them to multiple hunters at a time, a practice seen on the planet Nevarro by 9 ABY.Star Wars: Timelines Further issues for galactic commerce came with an increase in piracy along remote hyperspace routes around the same time. As states that Star Wars: Skeleton Crew is set in the same time period as The Mandalorian, it must therefore also be set around 9 ABY. Indeed, a pirate faction known as the Pirate Nation made inroads into the Mid Rim Territories during its conflict against the New Republic, while at least one pirate faction, Gorian Shard's gang, was secretly supported by an Imperial remnant force.
==Appearances==
*The Princess and the Scoundrel 
* 
==Sources==
*Star Wars 100 Objects 
*Star Wars: The Rise and Fall of the Galactic Empire
==Notes and references==
Category:Economic crises
Category:Events during the New Republic Era