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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.

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  • الكساد سنة 1920-1921 (ar)
  • Depression of 1920–1921 (en)
  • Depressione del 1920-1921 (it)
  • Dépression de 1920-1921 (fr)
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  • استمر الركود لعامين بعد الحرب العالمية الأولى مباشر اتبعه نهاية الحرب، مما أدى إلى تعقد استيعاب ملايين من المحاربين القدامى في الاقتصاد. بدأ الاقتصاد في النمو، لكنه لم يكتمل بعد جميع التعديلات في التحويل من زمن الحرب إلى الاقتصاد زمن السلم. حددت العوامل على أنها تساهم في الانكماش يتضمن عودة القوات، التي نشا زيادة القوة العاملة المدنية ومشاكل في استيعاب المحاربين القدامى؛ انخفاض في الصراع النقابي؛ تغييرات في السياسة المالية والنقدية والتغيرات في توقعات السعر. البيانات الاقتصادية للكساد عام 1920-1921 معدلات البطالة (ar)
  • 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. (en)
  • La dépression de 1920-1921 a été une forte récession déflationniste aux États-Unis, au Royaume-Uni et dans d'autres pays, qui a commencé 14 mois après la fin de la Première Guerre mondiale. Elle a duré de janvier 1920 à juillet 1921. L'ampleur de la déflation a été non seulement importante, mais aussi considérable par rapport au déclin du produit réel qui l'a accompagnée. Après la fin de la dépression, les Roaring Twenties ont apporté une période de prospérité économique entre août 1921 et août 1929, un mois avant le krach boursier qui a déclenché le début de la Grande Dépression. (fr)
  • La depressione del 1920-1921 fu una forte recessione deflazionistica avvenuta negli Stati Uniti, nel Regno Unito e in altri paesi inclusa l'Italia. La depressione iniziò 14 mesi dopo la fine della prima guerra mondiale: durò dal gennaio 1920 al luglio 1921. L'entità della deflazione non solo fu ampia in assoluto, ma fu anche ampia rispetto al calo conseguente del PIL reale. I fattori identificati dagli studiosi come contribuenti alla recessione includono: (it)
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  • http://commons.wikimedia.org/wiki/Special:FilePath/1921_recession,_President's_Conference_on_Unemployment.jpg
  • http://commons.wikimedia.org/wiki/Special:FilePath/Dow_1918-1922.jpg
  • http://commons.wikimedia.org/wiki/Special:FilePath/Returning_from_World_War_I.jpg
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