The Depression of 1784: Revolutionary Inflation and Post-Revolution Depression

07/10/2026 Joshua Mawhorter

Intervention begets intervention. This was the case following the American Revolution, as the consequences of inflation, credit expansion, and wartime disruptions set up for the depression of 1784 in peacetime.

Original article: https://mises.org/mises-wire/depression-1784-revolutionary-inflation-and-post-revolution-depression

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The Depression of 1784: Revolutionary Inflation and Post-Revolution Depression