Depression of 1920–1921

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. The extent of the deflation was not only large, but large relative to the accompanying decline in real product. Following the end of the depression, the Roaring Twenties brought a period of economic prosperity between August 1921 and August 1929, one month before the stock market crash that triggered the start of the Great Depression.

Depression of 1920–1921

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. The extent of the deflation was not only large, but large relative to the accompanying decline in real product. Following the end of the depression, the Roaring Twenties brought a period of economic prosperity between August 1921 and August 1929, one month before the stock market crash that triggered the start of the Great Depression.