Difference between revisions of "Stock market crash of 1929"

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In 1929 the [[Dow Jones Industrial Average]] (DJIA) declined 90.0% over a duration 34 months. Six successive market crashes comprised this famed crash:  
 
In 1929 the [[Dow Jones Industrial Average]] (DJIA) declined 90.0% over a duration 34 months. Six successive market crashes comprised this famed crash:  
  
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*1) between September to November 1929 (the DJIA fell 40% in this first phase);
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#between September to November 1929 (the DJIA fell 40% in this first phase);
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*2) from April to June 1930;  
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#from April to June 1930;  
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*3) from September to December 1930;
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#from September to December 1930;
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*4) from March to May 1931;
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#from March to May 1931;
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*5) from July to January 1932;
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#from July to January 1932;
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*6) from March to July 1932.
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#from March to July 1932.
  
 
A new upswing in DJIA stocks then started immediately, as did a general business recovery.
 
A new upswing in DJIA stocks then started immediately, as did a general business recovery.
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[[File:Dow1925-2009.jpg|300px|thumb|Dow Jones index since 1925, in constant 2009 dollars]]
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 +
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>
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==See also==
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* Stock market crash of 1929
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* [[Great Depression]]: [[Depression]]
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* [[Financial Crisis of 2008]]
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* [[Recession of 2008]]: [[Recession]]
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* [[American Recovery and Reinvestment Act of 2009]]
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* [[Panic of 1907]]
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* [[Panic of 1893]]
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* [[Panic of 1837]]
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* [[Financial crisis]]
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* [[Economic collapse]]
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* [[National debt]]: [[Federal Reserve System]]'s [[Ponzi scheme]]
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* [[John Maynard Keynes]]' [[liberal]] [[Keynesian economics]] versus [[conservative]] [[libertarian]] [[Austrian economics]]
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 +
 +
  
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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>
 
  
 
==References==
 
==References==
 
<references/>
 
<references/>
  
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[[Category:history]]
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{{Economic preparedness topics}}
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[[Category:Economic Preparedness]]
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[[Category:Threats]]
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[[Category:Survivalism]]
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[[Category:Economic History]]
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[[Category:Finance]]
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[[Category:1920s]]

Latest revision as of 05:08, September 10, 2016

The Crash of '29 with the following '29-'32 recession.

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.

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.[1]

See also



References

  1. ↑ Harry Schultz, Bear Market Investment Strategies, Dow Jones-Irwin Co., 2002.


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