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1920-21 Vs The Great Depression

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You gave good pointers on your discussion post. The Great Depression was very much devastating than the 1920/21 depression even though it was horrible. The Great Depression lasted for some quiet time rather than 1920/21. Both events were put a hurt on the American economy and the government was not trusted by citizens and some political leaders. “Many economists who have studied the depression of 1920-21 have been unable to explain how the recovery could have been so swift and sweeping even though the federal government and the Federal Reserve refrained from employing any of the macroeconomic tools, public works spending, government deficits, inflationary monetary policy that conventional wisdom now recommends as the solution to economics slowdowns.”

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