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Why You've Never Heard of the Great Depression of 1920 Presented by Thomas E. Woods, Jr., at "The Great Depression: What We Can Learn From It Today," the Mises Circle in Colorado; sponsored by Limited Government Forum of Colorado Springs and hosted by the Ludwig von Mises Institute. Recorded Saturday, 4 April 2009. New York Times bestselling author, and economic historian Tom Woods explains how there was nearly a Depression in 1920… but, it never happened because the government didn’t interfere. The first year of the 1920 Depression was worse than that of 1929. Conditions were horrible. Yet due to President Woodrow Wilson’s stroke near the end of his term, very little was done by the government to stop the economic decline. By the summer of 1921, recovery was on the way.
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