Why not 1921? In 1920-1921 there was a major worldwide crash on the relative scale of 1929 but nobody ever talks about it because the fed did very little and w

Why not 1921? In 1920-1921 there was a major worldwide crash on the relative scale of 1929 but nobody ever talks about it because the fed did very little and we bounced back (the government actually did a few things that probably hurt). In 1929, the fed did all sorts of policy gyrations and we got a depression.