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Economic Status 1920
In 1920, the economy went through a recession following World War I. This included deflation and a high unemployment rate. -
Economic Status 1921
The economy was still in a small depression in 1921. The Prices are still going down, and unemployment is high. This is the time when George and Lennie would have been looking for a farm job. -
Economic Status 1922
In 1922, we went into a period of recovery, coming out of the 1920-21 depression post-war. The rebound we had would lead to a big growth in the economy. -
Economic Status of 1923
By 1923, the country was back to full employment numbers. The country was back on track, and the economy was building back up, leading to hyperinflation. -
Economic Status of 1924
The economy was still going through a time of recovery the economy was really stable at this time. However this was a time of building up the economy was about to hit the biggest boom in histroy. -
Economic status of 1925
The economy in 1925 was booming, production and consumption were at their all-time high. -
Economic Status of 1926
In 1926 the economy was great, the country was doing good. The only difference between 1925 and 1926 was a slight dip in industry output in 1926. -
Economic status of 1927
The economy continued to be stable and build up through this year. The unemployment rate was low and the wages were high.