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==== Demobilization ==== When the war ended the Wilson Administration dismantled the wartime boards and regulatory agencies.<ref>David M. Kennedy, ''Over Here: The First World War and American Society'' (2004) pp. 249β250</ref> Demobilization was chaotic and at times violent; four million soldiers were sent home with little money and few benefits. In 1919, strikes in major industries broke out, disrupting the economy.<ref>Leonard Williams Levy and Louis Fisher, eds. ''Encyclopedia of the American Presidency'' (1994) p. 494.</ref> The country experienced further turbulence as a [[Red Summer of 1919|series of race riots]] broke out in the summer of 1919.<ref>Berg (2013), pp. 609β610, 626</ref> In 1920, the economy plunged into a [[Depression of 1920β21|severe economic depression]],<ref>Cooper (1990), pp. 321β322</ref> unemployment rose to 12 percent, and the price of agricultural products sharply declined.<ref>Clements (1992), pp. 207, 217β218</ref>
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