 | The examples and perspective in this article may not represent a worldwide view of the subject. (July 2023) |
 U.S. unemployment rate | |
| Duration | 1980–1982[1] |
|---|---|
| Cause | tight monetary policy in an effort to fight high inflation percentages worldwide |
| Outcome | skyrocketing unemployment worldwide, increased wealth inequality, increased divorce rates, urban decay, exacerbation of the Savings and loan crisis, wage stagnation, drop in inflation percentages worldwide |
The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and 1982.[1][2][3] It is widely considered to have been the most severe recession since World War II until the 2007–2008 financial crisis.[4][5][3]
- ^ a b "The Great Inflation". Retrieved 7 January 2024.
- ^ "The Great Inflation". San Jose State University. Retrieved 7 January 2024.
- ^ a b Kose, M. Ayhan; Sugawara, Naotaka; Terrones, Marco E. (2020-02-10), "Global Recessions" (PDF), Policy Research Working Paper, World Bank
- ^ Moy, Joyanna (1985). "Recent Trends in Unemployment and the Labor Force: 10 Countries" (PDF). Monthly Labor Review. 108 (8): 9–22. Retrieved 13 April 2011.
- ^ Rubin, Jeff; Buchanan, Peter (October 31, 2008), "What's the Real Cause of the Global Recession?" (PDF), StrategEcon, CIBC World Markets Inc., retrieved February 20, 2020