1920 Recession (jan 1, 1920 – jul 1, 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.
Added to timeline:
Date:
jan 1, 1920
jul 1, 1921
~ 1 years and 5 months