Search results
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] The extent of the deflation was not only large, but large relative to the accompanying decline in real product.
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.
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.
Nov 18, 2009 · The 1920–1921 Depression. This context highlights the importance of the 1920–1921 depression. Here the government and Fed did the exact opposite of what the experts now recommend. We have just about the closest thing to a controlled experiment in macroeconomics that one could desire.
The Depression of 1920–21 was a sharp deflationary recession in the United States and other countries, beginning 14 months after the end of World War I. It lasted from January 1920 to July 1921. The extent of the deflation was not only large, but large relative to the accompanying decline in real product.
May 10, 2024 · What Was the Great Depression? The Great Depression was a devastating and prolonged economic recession that followed the crash of the U.S. stock market in 1929. It lasted through 1941, the same...
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.
