|
gptkbp:instanceOf
|
economic crisis
|
|
gptkbp:affectedArea
|
gptkb:Midwest_United_States
gptkb:Rust_Belt
|
|
gptkbp:alsoKnownAs
|
double-dip recession
|
|
gptkbp:bankFailures
|
increased
|
|
gptkbp:cause
|
oil price shocks
tight monetary policy
high interest rates
Federal Reserve anti-inflation measures
|
|
gptkbp:effect
|
business bankruptcies
decline in industrial production
high unemployment
decline in consumer confidence
increase in homelessness
increase in poverty rates
increase in government deficits
decline in housing starts
increase in farm foreclosures
|
|
gptkbp:endDate
|
November 1982
|
|
gptkbp:followedBy
|
early 1990s recession
|
|
gptkbp:GDP
|
2.7%
|
|
gptkbp:GDPDeclinePeriod
|
1981–1982
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
early 1980s recession
|
|
gptkbp:impactedIndustry
|
automotive
manufacturing
construction
|
|
gptkbp:inflationRatePeak
|
14.8%
|
|
gptkbp:inflationRatePeakDate
|
March 1980
|
|
gptkbp:location
|
gptkb:Canada
gptkb:United_Kingdom
gptkb:United_States
|
|
gptkbp:mortgageRatesPeak
|
over 18%
|
|
gptkbp:notablePerson
|
gptkb:Jimmy_Carter
gptkb:Paul_Volcker
gptkb:Ronald_Reagan
|
|
gptkbp:policy
|
gptkb:Reaganomics
tax cuts
deregulation
Federal Reserve interest rate hikes
|
|
gptkbp:precededBy
|
gptkb:1973–1975_recession
|
|
gptkbp:recoveryEnd
|
1983
|
|
gptkbp:recoveryStart
|
late 1982
|
|
gptkbp:startDate
|
January 1980
|
|
gptkbp:stockMarketImpact
|
decline in S&P 500
|
|
gptkbp:unemploymentRate
|
10.8%
|
|
gptkbp:unemploymentRatePeakDate
|
November 1982
|
|
gptkbp:bfsParent
|
gptkb:recession_in_early_1980s
gptkb:Early_1990s_recession
|
|
gptkbp:bfsLayer
|
7
|