1920 Recession (1 янв 1920 г. – 1 июл 1921 г.)
Описание:
Began 10 months after WWI Recession
Lasted 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.
Добавлено на ленту времени:
Дата:
1 янв 1920 г.
1 июл 1921 г.
~ 1 years and 5 months
Изображения: