The war ended on November 11, 1918, and America's economic boom quickly faded. Factories began to ramp down production lines in the summer of 1918, leading to job losses and fewer opportunities for returning soldiers. This led to a short recession in 1918–19, followed by a stronger one in 1920–21
Spanish settlers expanded to Nuevo Mexico, and the major settlement of Santa Fe was founded in 1610. The establishment of religious missions and military presidios on the northern frontier became the nucleus of Spanish settlement and the founding of Spanish towns.
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