2019-10-15

[public] 1.83M views, 45.6K likes, dislikes audio only

TED-Ed

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

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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.

Animator's website: http://nabilburias.com

Educator's channel: https://www.youtube.com/c/ThePlainBagel

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View full lesson: https://ed.ted.com/lessons/what-causes-an-economic-recession-richard-m-coffin

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