What causes an economic recession? | Richard Coffin | TED-Ed Animation

The TED-Ed animation “What causes an economic recession?” digs into the marketplace dynamics that affect our modern economy. Lesson creator Richard Coffin explores a series of historic recessions, including the bronze market in 800 BCE Britain. 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, the value of bronze declined, causing a recession and social upheaval. Tune in to gain a better understanding of recessions and how we can reduce their impact on finance and business.