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  1. 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.

  2. Nov 18, 2009 · The same holds for the monetarists; things should have been awful in the 1920s if their theory of the 1930s is correct. The free market works. 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.

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  4. Jul 15, 2021 · 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. (For comparison, output fell by 4.3 percent in the Great Recession of 2007-2009).

  5. Oct 18, 2022 · The market bottomed on August 24, 1921, at 63.9, a decline of 47% (by comparison, the Dow fell 44% during the Panic of 1907 and 89% during the Great Depression). The climate was terrible for businesses—from 1919 to 1922 the rate of business failures tripled, climbing from 37 failures to 120 failures per every 10,000 businesses.

  6. Mar 18, 2021 · In January of 1920, when postwar industrial production reached its zenith, the promised downturn began to take hold. Production fell by 32.5% over the following year, a decline second only to the Great Depression in American economic history and occurring over a shorter span. At the same time, prices plunged by over 15%, and unemployment ...

  7. Sep 22, 2010 · The Panic of 1920 started out as a contender for the greatest depression of all time, with a drop in prices and production during its first twelve months that dwarfed those of any other economic ...

  8. Summary. The first Red Scare, which occurred in 1919–1920, emerged out of longer clashes in the United States over the processes of industrialization, immigration, and urbanization as well as escalating conflict over the development of a labor movement challenging elite control of the economy. More immediately, the suppression of dissent ...

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