The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and 1982. [2][1][3] Long-term effects of the early 1980s recession contributed to the Latin American debt crisis, long-lasting slowdowns in the Caribbean and Sub-Saharan African countries, [3] the US savings and loan ...

The United States entered recession in January 1980 and returned to growth six months later in July 1980. [1] Although recovery took hold, the unemployment rate remained unchanged through the start of a second recession in July 1981. [2] The downturn ended 16 months later, in November 1982. [1]

2013年11月22日 · The economy officially entered a recession in the third quarter of 1981, as high interest rates put pressure on sectors of the economy reliant on borrowing, like manufacturing and construction. Unemployment grew from 7.4 percent at the start of the recession to nearly 10 percent a year later.

1993年7月22日 · The job growth experienced in the South Bay during the booming 1980s has been virtually wiped out by the current recession, which has hit the area's manufacturing work force the hardest,...

2010年12月14日 · According to the accepted arbiter of the economy’s ups and downs, the National Bureau for Economic Research, a brief recession in 1980 — lasting only six months — and a short period of growth, were followed by a sustained recession from July 1981 to November 1982. The unemployment rate hovered between 7% and 8% from the summer of 1980 to ...

1994年11月13日 · The result, very soon, was extremely tight money and staggeringly high interest rates--a prime rate of 21.5% in late 1980--which pushed the nation into the worst recession since the Great...

2024年9月19日 · The 1981–1982 recession had a lasting impact on U.S. economic policy and thinking. Several key lessons were learned: Inflation Control: The recession highlighted the dangers of unchecked inflation and the importance of a vigilant Federal Reserve. Since the early 1980s, controlling inflation has remained a top priority for the Fed, and its ...

1989年12月31日 · While the building industry entered the ‘80s in a slump, it quickly picked up steam as the recession in the early part of the decade subsided. Orange County became the center of the boom. In...

2019年7月28日 · In the early 1980s, the American economy was suffering through a deep recession. Business bankruptcies rose sharply compared to previous years. Farmers also suffered due to a decline in agricultural exports, falling crop prices, and rising interest rates.

Has there ever been a good book of economic or social history about the recession of the early 1980s? Personal stories welcome too. I remember it as a time when my Dad had to take a job with his mother’s business (a date shake stand on the beach in Southern California) that even at the time I knew was professionally beneath him.