http://www.conservativedailynews.com/2012/09/has-anyone-even-heard-of-the-depression-of-1920/
Is there anyone out there that has read about, or even heard about the depression of 1920? No, that is not a type-o. We all have heard about the 1929 depression, the one that lasted for over 12 years, but not too much is known about the depression we had in 1920, which lasted from January of 1920 to July of 1921. There are many that say it started as severe, or more severe than the depression of 1929. So why did the depression of 1920 last for 18 months, while the depression of 1929 lasted for over 12 years? Well, for one thing we had a Republican President that believed in the free market system, his name was Warren Harding.