United States of America · Government / Republican Party Government. Chronological records rendered directly from the World History Database.
After a six-year run when the world saw the Dow Jones Industrial Average increase in value fivefold, prices peaked at 381.17 on September 3, 1929, the market then fell sharply for a month, losing 17% of its value on the initial leg down
The October 1929 crash came during a period of declining real estate values in the United States (which peaked in 1925) near the beginning of a chain of events that led to the Great Depression, a period of economic decline in the industrialized nations. The decline then accelerates into the so-called "Black Thursday", October 24, 1929. A record number of 12.9 million shares were traded on that day
The first "Black Monday", more investors decide to get out of the market, and the slide continues with a record loss in the Dow for the day of 13%
This record states: "Black Tuesday", about 16 million shares are traded, he volume on stocks traded is a record that was not to be broken for nearly 40 years.
This record states: Had spent in all of World War I.
This record states: The market bottoms out at 41.22 on July 8 1932, concluding a shattering 89% decline from the peak.
This record states: The market loses $14 billion in one day, bringing the loss for the week to $30 billion, ten times more than the annual budget of the federal Government, far more than the U.S.
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