[DannyTN]

Monetary policy played a huge role in the 1920 depression. They raised interest rates repeatedly.

The newly formed Federal Reserve was trying to model the gold standard. And they tried to reign in money growth. They repeated the mistake 10 years later causing the Great Depression.

For a more balanced discussion of the causes of the 1920 depression see this Wikipedia article.

[dfwgator]

Another “gift” from the worst President in history, Woodrow Wilson.