World+War+One+AMD

=World War One = ==An Economy in Turmoil ==

After WWI, people welcomed the soldiers back as heroes. These heroes were honored by parades, and a new organization was created to support the veterans. This organization was called the American Legion. Even though people were happy the war was over and our soldiers were home, the country was sliding into a recession which made it tough for the two million men who now needed to find jobs.

After the war, certain government agencies removed their controls over the economy. Also, many people hurried to buy the goods that had been rationed during the war, but businesses rapidly raised prices that had been low throughout the war. The result was a rapid inflation, that in 1919 rose more than fifteen percent. The rapid inflation increased the cost of living. The economic turmoil in 1919 resulted in unrest, more specifically racial unrest.