Statements (28)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb: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) |
| 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
|
| https://www.w3.org/2000/01/rdf-schema#label |
Early 1980s recession
|