1920 Recession (1 janv. 1920 – 1 juill. 1921)
Description:
Began 10 months after WWI RecessionLasted 1 year and 6 months
Unemployment rate: 5.2
Caused by troops returning from the war, which created a surge in the civilian labor force and more unemployment and wage stagnation; a decline in agricultural commodity prices because of the post-war recovery of European agricultural output, which increased supply; tighter monetary policy to combat the postwar inflation of 1919; and expectations of future deflation that led to reduced investment.
Ajouté au bande de temps:
Date:
1 janv. 1920
1 juill. 1921
~ 1 years and 5 months
