Question

What was the cause of the brief recession in the U.S. in 1918 and 1919? A.the flood of refugees from war torn Europe B. a cut in incomes C. decrease in the labor pool D. the change from war time to peacetime production

Answer 1

D. is the best answer; during 1918 through 1919 was America's post-WW1 recession.

Answer 2

D. the change from war time to peacetime production.

Step-by-step explanation:

Blatant hyperinflation erupted in Europe, and the world markets were stunned by the rapid decrease in military demand caused by the end of the war. Throughout North America, the slump directly after World War I was relatively short, lasting just seven months from August 1918 to March 1919. Several indicators of economic growth indicate that the recession was fairly intense.