Economic Recession of 1920

GPTKB entity

Statements (26)
Predicate Object
gptkbp:instance_of gptkb:Crisis_intervention
gptkbp:affected_sector gptkb:transportation
agriculture
manufacturing
gptkbp:caused_by post-World War I economic adjustments
gptkbp:characterized_by deflation
high unemployment
gptkbp:end_date gptkb:1921
gptkbp:government_response reduction in government spending
tight monetary policy
gptkbp:historical_significance set the stage for the Great Depression
led to changes in economic policy
highlighted vulnerabilities in the economy
https://www.w3.org/2000/01/rdf-schema#label Economic Recession of 1920
gptkbp:impact U. S. economy
gptkbp:influenced_by Federal Reserve policies
gptkbp:notable_event bank failures
wage cuts
business bankruptcies
fall in stock prices
sharp decline in industrial production
gptkbp:preceded_by post-World War I boom
gptkbp:start_date gptkb:1920
gptkbp:succeeded_by economic recovery in 1921
gptkbp:bfsParent gptkb:President_Woodrow_Wilson
gptkbp:bfsLayer 3