TED-Ed

Richard Coffin: What causes an economic recession? (2019x116)

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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 Coffin digs into the economic fluctuations that affect our modern markets. [Directed by Augenblick Studios, narrated by Addison Anderson, music by GDM Production Music].