Hans Sennholz boom and busts 1819–20 1839–1843 1857–1860 1873–1878 1893–1897 1920–21 credit
Hans Sennholz argued that most boom and busts that plagued the American economy, such as those in 1819–20, 1839–1843, 1857–1860, 1873–1878, 1893–1897, and 1920–21, were generated by government creating a boom through easy money and credit, which was soon followed by the inevitable bust.
