U.S double digits unemployment rate of 1980-1981 vs. 2008-2009 single digit
The early 1980s recession was a severe recession in the United States which began in July 1981 and ended in November 1982.The primary cause of the recession was a contractionary monetary policy established by the Federal Reserve System to control high inflation. Cause of 1980s early recession… In the wake of the 1973 oil crisis … Read more