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The Dow Jones Industrial Average, 1928–1930. The "Roaring Twenties", the decade following World War I that led to the crash, [4] was a time of wealth and excess.Building on post-war optimism, rural Americans migrated to the cities in vast numbers throughout the decade with hopes of finding a more prosperous life in the ever-growing expansion of America's industrial sector.
1930 - Dow Jones becomes incorporated and the comma in the name is dropped. March 12, 1956 - The Dow closes at 500.24, the first close above 500. November 14, 1972 - The Dow closes at 1,003.16 ...
After the Wall Street crash of 1929, when the Dow Jones Industrial Average dropped from 381 to 198 over the course of two months, optimism persisted for some time. The stock market rose in early 1930, with the Dow returning to 294 (pre-depression levels) in April 1930, before steadily declining for years, to a low of 41 in 1932.
July 8: The Dow Jones Industrial Index bottoms out at 41.22, the lowest level recorded in the 20th century and representing an 89% loss from its peak in September 1929. July 31: The German federal election, July 1932 is held, and the Nazi Party , led by Adolf Hitler, becomes the largest party in the Reichstag (but lacks a majority).
The Dow Jones Industrial Average reached 381.17 and the S&P 500 traded at around 31. What Else Was Going On In The World? When the Dow hit 381.17 on Sept. 3, 1929, it was up 24% year to date.
However, as a whole throughout the Great Depression, the Dow posted some of its worst performances, for a negative return during most of the 1930s for new and old stock market investors. For the decade, the Dow Jones average was down from 248.48 at the beginning of 1930, to a stable level of 150.24 at the end of 1939, a loss of about 40%. [49]
In the Dow Jones Industrial Average's century-plus history, only the Great Depression produced a steeper decline in market prices, and no other bear market in the Dow's history has ever endured a ...
1929–1949: Bear market. The stock market crash of 1929, or Black Tuesday, precedes, as well as causes the Great Depression. The Dow plunges 89% to 41.22 on July 8, 1932, thus erasing 33 years of gains, in just under three years. Although cyclical bull markets occur in the 1930s and 1940s, the index takes 22 years to surpass its previous highs.