Stock market crash of 1929

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[edit]

* 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[edit]

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

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