There was a deep recession in 1920-21 because of the Spanish Influenza.
Everyone thinks we are so “unique” these days.
RE: here was a deep recession in 1920-21 because of the Spanish Influenza.
Yep, which in turn resulted in the ROARING TWENTIES where the stock market hit record highs every year ( President then : Calvin Coolidge ).
Of course, that all came to a crashing end in 1929 which ushered in the Great Depression.