Early 1980s recession

Early 1980s recession
U.S. unemployment rate
Duration1980–1982[1]
Causetight monetary policy in an effort to fight high inflation percentages worldwide
Outcomeskyrocketing 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]

  1. ^ a b "The Great Inflation". Retrieved 7 January 2024.
  2. ^ "The Great Inflation". San Jose State University. Retrieved 7 January 2024.
  3. ^ a b Kose, M. Ayhan; Sugawara, Naotaka; Terrones, Marco E. (2020-02-10), "Global Recessions" (PDF), Policy Research Working Paper, World Bank
  4. ^ 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.
  5. ^ 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