What is a Recession?
In economics recession means a condition where the GDP rate started declining sharply consecutively for two or more Quarters, or in simple word a condition where we see less demand in the market, due to which we less jobs in market.
Reasons For Recession:
- Higher Interest Rates
- Fall in house prices/assets
- Fall in confidence
- Credit Crunch
- Rising oil prices
Top 10 Documentary For Recession
1.Capitalism: A Love Story
In 2009 a famous director Michael Moore directed a documentary film based on financial crises and its retrieval. The story deals with the condition of the poor and the rich, mainly about the greed of the rich and the devastating conditions of the poor. The film also covered a religious matters, It also covered the poverty level of the workers at that time, and lastly he concluded the film by supporting free Market.
2. Poor No More
This documentary film is directed by a Canadian filmmakers named Bert Deveaux and Suzanne Babin. The story is based on the financial crises in Canada in 2010, The film compares the standard of living in Canada with the Swedes and Irish, also highlighted the need of better services concerning unemployment insurance, health services, pensions and safety ETC in Canada.
3. Maybe I Should Have
This documentary deals with the financial crises in Iceland during 2008-2012, directed by Gunnar Sigurosson, the story focused on variety of subjects like finance, corruption, Nepotism and the privatization ETC.
Heist directed by Donald Goldmacher and Frances Causey in 2011, This story showed how American Corporates pull apart the middle category by favoring businesses and the well off.
5. Inside Job(recession 2010)
An American film directed by Charles Ferguson, in 2010 . This film mainly talked about the Systemic corruption in united states and showed how the policies created millions of job and home losses which created a huge recession.
6. The Recess Ends
This documentary film is directed by Austin and Brian Chu, the film mainly deals about the recession of 2008-09 and talked about the effect of recession on people and communities they covered the film in all 50 states of America to show the miserable conditions of the people due to recession.
In 2009 a documentary film directed by James Allen Smith, the story of the film is based upon the condition of people and business of the Chicago trading floors. The story highlighted the conditions of the people those who lost their jobs due to the electronic revolution.
8.The End Of Poverty
This story is taken from a book written by a great author Jeffrey Sachs, here we see the miserable conditions of the poor people and the story mainly highlight that “if we have so much wealth and progress in this world than why we see so much poverty across the world”, A very strong message by the author.
9. Debtocracy (Great Recession)
In 2011 a documentary film directed by Katerina Kitidi and Aris Chatzistefanou. The documentary stated about the Greek debt crises in 2010 and the problem was not not considered by the government at that time, and shows the crucial time faced by the people of Greek due to this recession.
In 2014 a documentary film directed by Thomas Wirthenson, This film is about a fashion photographer and model Mark Reay who had a lavish life but after having financial crises he had to spend his nights on streets and had to live a miserable life which he had never thought before he will ever face in his life.
So these are the short stories which showed the harsh effect on people due to recession. In simple words a situation where people get less money for their work, and it creates higher unemployment. But the effect is longer than the exact time period.
A documentary picture is always a non-fictional motion film, which is always framed to give a strong advice to our society. so, generally these stories are real not always but most of the time.
The main purpose of these short films is to spread the real facts to the people and show them the exact effect on people who are facing them and their miserable life. so that people know the situation well and ready to face the problem if it would ever hit him/her in life.