Statements (28)
Predicate | Object |
---|---|
gptkbp:instanceOf |
economic crisis
|
gptkbp:affectedIndustry |
automotive
manufacturing construction |
gptkbp:alsoKnownAs |
gptkb:Early_1980s_recession_in_the_United_States
|
gptkbp:cause |
oil price shocks
high inflation tight monetary policy by the Federal Reserve |
gptkbp:endDate |
1982
|
gptkbp:FederalReserveChair |
gptkb:Paul_Volcker
|
gptkbp:followedBy |
gptkb:Early_1990s_recession
|
gptkbp:GDP |
2.7% (1981–1982)
|
gptkbp:governmentResponse |
monetary tightening
tax cuts (Reagan administration) |
https://www.w3.org/2000/01/rdf-schema#label |
Early 1980s recession
|
gptkbp:inflationRatePeak |
13.5% (1980)
|
gptkbp:location |
gptkb:Canada
gptkb:United_Kingdom gptkb:United_States other Western countries |
gptkbp:notableEvent |
gptkb:Volcker_Shock
double-dip recession |
gptkbp:precededBy |
gptkb:1973–1975_recession
|
gptkbp:startDate |
1980
|
gptkbp:unemploymentRate |
10.8%
|
gptkbp:unemploymentRatePeakDate |
November 1982
|
gptkbp:bfsParent |
gptkb:Recession
|
gptkbp:bfsLayer |
6
|