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Post–World War I recession
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<p>The post–World War I recession was an <a href="/facts/Economic_recession/ncYpUqmr">economic recession</a> that hit much of the world in <a href="/facts/Aftermath_of_World_War_I/47nhUht5">the aftermath</a> of <a href="/facts/World_War_I/vITTUanQ">World War I</a>. In many nations, especially in North America, economic growth continued and even accelerated during World War I as nations <a href="/facts/War_economy/anvktJ9z">mobilized their economies</a> to fight the war in Europe. After the war ended, the <a href="/facts/Global_economy/Gng36UFL">global economy</a> began to decline. In the <a href="/facts/United_States/P0sCdLe5">United States</a>, 1918–1919 saw a modest economic retreat, but the second part of 1919 saw a mild recovery. A <a href="/facts/Depression_of_1920%25E2%2580%259321/R9uSPsUM">more severe recession</a> hit the United States in 1920 and 1921, when the global economy fell very sharply. </p>