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Sunday, 20 October 2019

5min @TEDEd clip - What causes an economic #recession ? - Richard Coffin



text from youtube "How can factors like inflation, supply and demand, and interest rates trigger recessions? Learn the economic basics of modern markets.

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.

Lesson by Richard Coffin, directed by Augenblick Studios.

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