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What causes an economic recession?

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19 llengües

Speaker: Richard M. Coffin

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For millennia, the people of Britain had been using bronze to make tools and jewelry, and as a currency for trade. But around 800 BCE, that began to change: the value of bronze declined, causing social upheaval and an economic crisis— what we would call a recession today. So what causes recessions? Richard M. Coffin digs into the economic fluctuations that affect our modern markets.

Lesson by Richard M. Coffin, directed by Augenblick Studios.