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The recession lasted from January 1920 to July 1921, or 18 months, according to the National Bureau of Economic Research. This was longer than most post–World War I recessions, but was shorter than recessions of 1910–1912 and 1913–1914 (24 and 23 months respectively). It was significantly shorter than the Great Depression (132 months).
The world financial crisis began to overwhelm Britain in 1931; investors around the world started withdrawing their gold from London at the rate of £2.5 million per day. [43] Credits of £25 million each from the Bank of France and the Federal Reserve Bank of New York and an issue of £15 million fiduciary note slowed, but did not reverse the ...
Post-World War I recession: August 1918 – March 1919 7 months 3 years 8 months −24.5% −14.1% Severe hyperinflation in Europe took place over production in North America. This was a brief but very sharp recession and was caused by the end of wartime production, along with an influx of labor from returning troops.
In the fall of 1918, a mutated version of the virus that claimed its first victims in the spring made its way around the world, causing the death rate to escalate quickly, eventually killing as ...
Recession Period. Start. End. Time Elapsed Total. The Great Depression–Late ’20’s and Early ’30’s. August 1929. March 1933. 3 years, 7 months. The Great Recession–aka The 2008 ...
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In North America, the recession immediately following World War I was extremely brief, lasting for only seven months from August 1918 (even before the war had actually ended) to March 1919. [1] A second, much more severe recession, sometimes labeled a depression, began in January 1920. Several indices of economic activity suggest the recession ...
At first, the end of wartime production caused a brief but deep recession, the post–World War I recession of 1919–1920 and a sharp deflationary recession or depression in 1920–1921. Quickly, however, the economies of the U.S. and Canada rebounded as returning soldiers re-entered the labor force and munitions factories were retooled to ...