Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

You are correct about 1918. That led to a recession in 1919 and 1920.

The lessons learned then led to the New Deal as a response to the crash of 1929, and that did include handouts.



The timeline does not match up between the 1920 recession/depression and the 1918/1919 pandemic. The end of WWI was a much larger deal. https://en.wikipedia.org/wiki/Depression_of_1920–21

Try charting the pandemic here: https://en.wikipedia.org/wiki/Depression_of_1920–21#/media/F.... VS. https://en.wikipedia.org/wiki/Spanish_flu#/media/File:1918_s...


If you want to make that argument, fine - I don't think it's an important distinction.

The point is that we learned from that and reacted differently in 1929.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: