Post -- World War I recession - wikipedia Post -- World War I recession This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. ( January 2008 ) The post -- World War I recession was an economic recession that hit much of the world in the aftermath of World War I. In many nations, especially in North America, this growth continued during World War I as nations mobilized their economies to fight the war in Europe. After the war ended, the global economy began to decline. In the United States, 1918 -- 1919 saw a modest economic retreat, but the next year saw a mild recovery. A more severe recession hit the United States in 1920 and 1921, when the global economy fell very sharply. Contents 1 North America 2 Germany 3 See also 4 References 5 Further reading North America In North America, the recession immediately following World War I was extremely brief, lasting for only 7 months from August 1918 to March 1919. A second, much more severe recession, sometimes labeled a depression, began in January 1920. Several indices of economic activity suggest the recession was moderately severe. The Axe - Houghton Index of Index of Trade and Industrial Activity declined by 14.1 % in this recession ( compared to a 31 % decline in the Panic of 1907 ). The Babson index of physical volume of business activity declined by 28.6 % in this recession ( compared to a 2.3 % decline in the 1921 recession and a 22.7 % decline in the Panic of 1907 ). Germany In Germany, the economic recession and inflation was harder due to the imposition of the Treaty of Versailles. A period of hyperinflation severely devalued the Mark and nearly crippled the German economy. See also Hyperinflation in the Weimar Republic Aftermath of World War I Dawes Plan Great Depression References Jump up ^ US Business Cycle Expansions and Contractions, National Bureau of Economic Research. Retrieved on September 22, 2008. Jump up ^ Zarnowitz, Victor ( 1996 ). Business Cycles. University of Chicago Press. Further reading Romer, Christina D. ( 1988 ). `` World War I and the postwar depression A reinterpretation based on alternative estimates of GNP ''. Journal of Monetary Economics. 22 ( 1 ) : 91 -- 115. doi : 10.1016 / 0304 - 3932 ( 88 ) 90171 - 7. Recessions in the United States ( notable recessions in bold ) 1796 -- 99 1815 -- 21 1836 -- 38 and 1839 -- 43 1857 -- 58 1873 -- 1879 1882 -- 85 1893 -- 1897 1907 -- 08 1918 -- 19 1920 -- 21 1929 -- 33 and 1937 -- 38 1949 1953 -- 54 1958 1960 -- 61 1969 -- 70 1973 -- 75 1980 and 1981 -- 82 1990 -- 91 2002 -- 03 2007 -- 09 Retrieved from `` https://en.wikipedia.org/w/index.php?title=Post -- World_War_I_recession&oldid = 804970334 '' Categories : Recessions Aftermath of World War I 1910s economic history 1920s economic history Hidden categories : Articles needing additional references from January 2008 All articles needing additional references Wikipedia articles needing clarification from March 2016 Talk Contents About Wikipedia Add links This page was last edited on 12 October 2017, at 06 : 52. About Wikipedia

Question: an economic impact immediately following world war i in europe was
Answer: The post–World War I recession