Difference between revisions of "Stock market crash of 1929"
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[[File:Dow1925-2009.jpg|300px|thumb|Dow Jones index since 1925, in constant 2009 dollars]] | [[File:Dow1925-2009.jpg|300px|thumb|Dow Jones index since 1925, in constant 2009 dollars]] | ||
| − | Business had topped out mildly, a month before the first crash; a gradual mild decline continued to April 1930, then fell sharply into a [[depression]] simultaneously with the end of the 1930 stock market rally. The business decline halted in December 1930, stayed level for 6 months, then plunged again in steep economic decline that didn’t lose its downward momentum for a full year, until July 1932. Business improved intermittently thereafter but still remained at depression levels through most of the decade of the 1930s except for a short recovery in 1936–37. <ref>Harry Schultz, ''Bear Market Investment Strategies'', Dow Jones-Irwin Co., 2002.</ref> | + | Business had topped out mildly, a month before the first crash; a gradual mild decline continued to April 1930, then fell sharply into a [[depression]] simultaneously with the end of the 1930 stock market rally. The business decline halted in December 1930, stayed level for 6 months, then plunged again in steep economic decline that didn’t lose its downward momentum for a full year, until July 1932. Business improved intermittently thereafter but still remained at depression levels through most of the decade of the 1930s except for a short recovery in 1936–37.<ref>Harry Schultz, ''Bear Market Investment Strategies'', Dow Jones-Irwin Co., 2002.</ref> |
| − | ==See | + | ==See also== |
| − | * | + | * Stock market crash of 1929 |
* [[Great Depression]]: [[Depression]] | * [[Great Depression]]: [[Depression]] | ||
* [[Financial Crisis of 2008]] | * [[Financial Crisis of 2008]] | ||
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<references/> | <references/> | ||
| − | {{ | + | {{Economic preparedness topics}} |
| − | [[Category : Economic Preparedness]] | + | [[Category:Economic Preparedness]] |
| − | [[Category : Threats]] | + | [[Category:Threats]] |
| − | [[Category : Survivalism]] | + | [[Category:Survivalism]] |
[[Category:Economic History]] | [[Category:Economic History]] | ||
[[Category:Finance]] | [[Category:Finance]] | ||
[[Category:1920s]] | [[Category:1920s]] | ||
Revision as of 06:58, July 12, 2016
In 1929 the Dow Jones Industrial Average (DJIA) declined 90.0% over a duration 34 months. Six successive market crashes comprised this famed crash:
- 1) between September to November 1929 (the DJIA fell 40% in this first phase);
- 2) from April to June 1930;
- 3) from September to December 1930;
- 4) from March to May 1931;
- 5) from July to January 1932;
- 6) from March to July 1932.
A new upswing in DJIA stocks then started immediately, as did a general business recovery.
Business had topped out mildly, a month before the first crash; a gradual mild decline continued to April 1930, then fell sharply into a depression simultaneously with the end of the 1930 stock market rally. The business decline halted in December 1930, stayed level for 6 months, then plunged again in steep economic decline that didn’t lose its downward momentum for a full year, until July 1932. Business improved intermittently thereafter but still remained at depression levels through most of the decade of the 1930s except for a short recovery in 1936–37.[1]
See also
- Stock market crash of 1929
- Great Depression: Depression
- Financial Crisis of 2008
- Recession of 2008: Recession
- American Recovery and Reinvestment Act of 2009
- Panic of 1907
- Panic of 1893
- Panic of 1837
- Financial crisis
- Economic collapse
- National debt: Federal Reserve System's Ponzi scheme
- John Maynard Keynes' liberal Keynesian economics versus conservative libertarian Austrian economics
References
- ↑ Harry Schultz, Bear Market Investment Strategies, Dow Jones-Irwin Co., 2002.
