James Grant

The Forgotten Depression of 1921

James Grant

Talk: The Forgotten Depression of 1921

The Forgotten Depression tells of the slump of 1920-21: high unemployment, collapse in commodity prices, upsurge in bankruptcies and sharp break in stock prices. Unlike the Great Depression, the 1920 affair was over in 18 months. What explains its brevity? James Grant is founder of Grant’s Interest Rate Observer and has appeared in The WSJ, Claremont Review of Books, and Foreign Affairs, as well as on TV on Sixty Minutes, Charlie Rose and Wall Street Week.

James Grant

James Grant is an American writer and publisher. He is the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets,. He is also the author of several books on economics and economic history.

The Forgotten Depression of 1921: The Crash That Cured Itself

James Grant’s story of America’s last governmentally untreated depression: A bible for conservative economists, this “carefully researched history…makes difficult economic concepts easy to understand, and it deftly mixes major events with interesting vignettes” (The Wall Street Journal).

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