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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.
5 This was the Dow's close at the peak of the 1920s bull market on Tuesday, September 3, 1929, before the stock market crash. This level would not be seen again until Tuesday, November 23, 1954, more than 25 years later. 6 This was the Dow's close at the peak of March 10, 1937. 7 This was the Dow's close at the peak on February 9, 1966.
The first stock price ticker system using a telegraphic printer was invented by Edward A. Calahan in 1863; he unveiled his device in New York City on November 15, 1867. [ 6 ] [ 7 ] [ 8 ] Early versions of stock tickers provided the first mechanical means of conveying stock prices ("quotes"), over a long distance via telegraph wiring.
1920s: Culture Wars. As European economies recovered and the USA boomed in the wake of World War I, the number of Americans living in cities exceeded the number on farms for the first time.
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The 1920s (pronounced "nineteen-twenties" often shortened to the "' 20s" or the "Twenties") was a decade that began on January 1, 1920, and ended on December 31, 1929. . Primarily known for the economic boom that occurred in the Western World following the end of World War I (1914–1918), the decade is frequently referred to as the "Roaring Twenties" or the "Jazz Age" in America and Western ...
Photo credit: Flickr/rabiem22 Thanks to a maritime law from the 1920s America's oil boom is fueling a building boom for U.S. shipyards. However, while that law has created an upsurge in the ...
In a move to protect the broader economy from the over-inflated stock market, the Fed began raising interest rates in 1999, culminating in a market crash and a string of high-profile bankruptcies beginning the following year. Nov 2001– Dec 2007 73 +0.9% +2.8%: Another mild recession occurred in 2001, followed by moderate expansion.