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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]
Apr 13, 2018 · Equally relevant issues, such as overpriced shares, public panic, rising bank loans, an agriculture crisis, higher interest rates and a cynical press added to the disarray.
- Julie Marks
- 3 min
Mar 18, 2021 · 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.
High interest rates depressed British spending and led to high unemployment in Great Britain throughout the second half of the 1920s. Once the U.S. economy began to contract severely, the tendency for gold to flow out of other countries and toward the United States intensified.
The Dow Jones Industrial Average increased six-fold from sixty-three in August 1921 to 381 in September 1929. After prices peaked, economist Irving Fisher proclaimed, “stock prices have reached ‘what looks like a permanently high plateau.’” 1. The epic boom ended in a cataclysmic bust.
May 10, 2024 · The U.S. stock market fell by nearly 50% and corporate profits declined by over 90% during a short depression known as the Forgotten Depression that lasted from 1920 to 1921. The U.S. economy...
May 10, 2010 · During the 1920s, the U.S. stock market underwent rapid expansion, reaching its peak in August 1929 after a period of wild speculation in the Roaring Twenties. By then, production had already...
