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A comment on US Business Booms and Depressions Since 1775 (1943). Parent comment
They didn’t go together, the chart shows two severe episodes of deflation, one of which was the Great Depression, and the other was this:
https://en.m.wikipedia.org/wiki/Depression_of_1920%E2%80%931...
It’s not clear why the chart lumps them into one period.
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They didn’t go together, the chart shows two severe episodes of deflation, one of which was the Great Depression, and the other was this:
https://en.m.wikipedia.org/wiki/Depression_of_1920%E2%80%931...
It’s not clear why the chart lumps them into one period.