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This video introduces the concept of consolidation settlement and teaches how to calculate it. It starts by examining the stresses on a bar and defines the stress-strain relationship with a linear elastic material. The stress is equal to the modulus of elasticity times the strain, and the strain is equal to the change in length over the initial length. The change in length can be calculated by multiplying the initial length by the strain, or by the initial length times the ratio of stress over the modulus of elasticity.