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The upheaval associated with the transition from a wartime to peacetime economy contributed to a depression in 1920 and 1921. 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]
The economic history of the United States spans the colonial era through the 21st century. The initial settlements depended on agriculture and hunting/trapping, later adding international trade, manufacturing, and finally, services, to the point where agriculture represented less than 2% of GDP .
The post–World War I recession was an economic recession that hit much of the world in the aftermath of World War I. In many nations, especially in North America, economic growth continued and even accelerated during World War I as nations mobilized their economies to fight the war in Europe. After the war ended, the global economy began to ...
Bank run on the Seamen's Savings Bank during the panic of 1857. There have been as many as 48 recessions in the United States dating back to the Articles of Confederation, and although economists and historians dispute certain 19th-century recessions, [1] the consensus view among economists and historians is that "the [cyclical] volatility of GNP and unemployment was greater before the Great ...
The history of the United States from 1917 to 1945 was marked by World War I, the interwar period, the Great Depression, and World War II. The United States tried and failed to broker a peace settlement for World War I , then entered the war after Germany launched a submarine campaign against U.S. merchant ships that were supplying Germany's ...
After the Paris Peace Conference of 1919, the signing of the Treaty of Versailles on 28 June 1919, between Germany on the one side and France, Italy, Britain and other minor allied powers on the other, officially ended war between those countries. Other treaties ended the relationships of the United States and the other Central Powers.
The Economic Policy Institute, a left-leaning think tank, has claimed that free trade created a large trade deficit in the United States for decades which lead to the closure of many factories and cost the United States millions of jobs in the manufacturing sector. Trade deficits lead to significant wage losses, not only for workers in the ...
Mass meeting of Cleveland steel workers in Brookside Park during strike, October 1, 1919. The United States strike wave of 1919 was a succession of extensive labor strikes following World War I that unfolded across various American industries, involving more than four million American workers.