Why did the end of WWI contribute to the depression?

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Right after World War I ended, there was a economic downturn in the United States.  I do not think it really gets to the point that we would call it a depression, though.

The major connection between WWI and this downturn was the fact that US war production came to an end.  There was no longer a need for the government to buy all the war material they recently had been buying.

Another connection is that the countries of Europe were pretty badly hit by the war.  They were no longer able to buy from the US as they had before the war.

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