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Why were 5 million Americans jobless by 1920?

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In September 1921, there were between two and six million Americans estimated unemployed: with a nonagricultural labor force of 31.5 million, this latter estimate implies an unemployment rate of 19 percent. “In this period of 120 years,” wrote one contemporary, “the debacle of 1920-21 was without parallel.”

Hope this helps sorry if it does not

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