The Stock Market Crash of 1929 – Overview
The Stock Market Crash of 1929 – Great Depression
09/03/129 – Peak
In 1929 the Dow Jones Industrial Average Index (DJIA) peaked on the 3rd of September with a close of 381.17 index points.
During the 1920s (“Roaring Twenties“), the Dow Jones Industrial Average Index gained +497% from its decade low on the 24th of August 1921 at 63.90 index points.
10/24/29 – “Black Thursday”
On “Black Thursday”, 24th of October 1929, the Dow Jones Industrial Average Index lost 2.09%, accompanied by a record trading volume of 12.90 Mio. stocks at the New York Stock Exchange (NYSE).
The day before, the Dow Jones Industrial Average Index had already lost more than 6% with a trading volume of 6.4 Mio. stocks at the New York Stock Exchange.
From the record close on the 3rd of September at 381.17 index points, the Dow Jones Industrial Average Index had already lost 21% on the close of “Black Thursday” (= 299.47 index points) during the first drastic selling flood.
10/28/29 – Continued Selling
Over the weekend, 26th and 27th of October, the ongoing sell-off – already amounting to a loss of approximately 20% from its record peak – was dramatically and nervously highlighted by newspapers.
On the following Monday, the 28th of October, the Dow Jones Industrial Average Index lost 13%, a new record one-day loss. The heavy selling boosted the trading volume at the New York Stock Exchange (NYSE) to 9.2 Mio. stocks.
10/29/29 – “Black Tuesday”
Five days after “Black Thursday” on “Black Tuesday”, the 29th of October, the Dow Jones Industrial Average Index lost 11.73%, accompanied by another record trading volume of 16.4 Mio. stocks at the New York Stock Exchange.
From the record close on the 3rd of September, the Dow Jones Industrial Average Index had already lost 40% on the close of “Black Tuesday”.
11/13/29 – Interim Bottom
The first selling wave ended on the 13th of November with the Dow Jones Industrial Average Index at a close of 198.69 index points.
From the record close on the 3rd of September (= 381.17 index points), the Dow Jones Industrial Average Index had already lost 48% on this interim bottom.
04/17/30 – Recovery Peak
The stock market recovery from the 13th of November 1929 until the 17th of April 1930 brought the Dow Jones Industrial Average Index back to 294.07 index points.
Still a loss of 23% from the record close on 3rd of September 1929.
07/08/32 – Ultimate Low
The subsequent multi-year decline down to the ultimate low of this crash period brought the Dow Jones Industrial Average Index down to 41.22 index points – a huge loss of 89% from its record peak on the 3rd of September 1929.
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