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The Depression of 1920–1921 was a sharp deflationary recession in the United States, United Kingdom and other countries, beginning 14 months after the end of World War I. It lasted from January 1920 to July 1921. [1]
Overshadowed by the Wall Street Crash of 1929, the Depression of 1920-1921 appears, if at all, as a footnote to the history of the interwar United States.
Nov 18, 2009 · To be sure, the 1920–1921 depression was painful. The unemployment rate peaked at 11.7 percent in 1921. But it had dropped to 6.7 percent by the following year and was down to 2.4 percent by 1923.
Jul 15, 2021 · Inflation. Recession. Roaring 20s. John Phelan. In July 1921, the United States emerged from a depression. Though the economic statistics of the time were rudimentary by modern standards, the numbers confirm that it had been bad. By one estimate, output fell by 8.7 percent in real terms.
Jul 16, 2021 · In July 1921, the United States emerged from a depression. Though the economic statistics of the time were rudimentary by modern standards, the numbers confirm that it had been bad. By one estimate, output fell by 8.7 percent in real terms.
In The Forgotten Depression: 1921, The Crash that Cured Itself, James Grant, distinguished journalist, author, and winner of the 2015 Hayek Prize, offers a compelling dive into a neglected episode of U.S. economic history in pursuit of answers.
The 1815 panic was followed by several years of mild depression, and then a major financial crisis – the Panic of 1819, which featured widespread foreclosures, bank failures, unemployment, a collapse in real estate prices, and a slump in agriculture and manufacturing.
