Recession facts for kids
A recession is when the economy becomes less active. Prices for goods go down. People lose their jobs so unemployment increases. Inflation and interest rates go down. Many company shares lose value. One definition is that two quarters in a row when gross domestic product goes down is the start of a recession.The Great Recession happened from 2007-2009.
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Recessions in the United States – 1930 through 2021
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Recession Facts for Kids. Kiddle Encyclopedia.