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After winning its independence from France in 1954, Vietnam was temporarily divided into two parts, North Vietnam and South Vietnam. The Vietnam War followed, pitting North Vietnam and its allies against South Vietnam and its allies, principally the United States. In Vietnam the conflict is known as the American War.
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A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales