- Happy Birthday CNBC.com!
- Global Interest Rates
- Highest Dividend Yields of the Dow
- Stocks on Sale for the Holidays
- Quick Market Stats: Week Ending 11/28
- Holiday Shopping with Deflated Stocks
- Quick Market Stats: Week Ending 11/21
- Dell Preview: So How Bad Is It?
- Oil at $50, Heading to $45 or Lower
- Markets Since Lehman, Record Wednesday Losing Streak
Text Size 
Oct.10
2:04 PM ET
Friday, 10 Oct 2008
Dow and the Depression
Posted By:Ariel Nelson
Topics:Dow Jones Industrial Average | Stock Market
As the markets continue their freefall, discussion of the Great Depression has begun to emerge. While economic conditions are nowhere near the levels they were back then (e.g., unemployment over 25% vs. 6% now), here is a look back at how the Dow [.DJIA
Loading...
()
] fell over that dark period.
The Dow and the Great Depression
- The Dow peaked at 381.17 on 9/3/1929
- Crashed on 10/28-29 falling from 301 to 230 or 23.6%
- One year after the peak (9/3/1930) the Dow closed at 237.54, down 37.3% from its peak (vs. the 39% drop we saw as of yesterday's close from the 2007 peak)
- Continued to slide until 7/8/1932 where it bottomed at 41.22, down 89.2% of its value over 2.5 years
- The Dow did not cross above 381 again until 11/23/1954, over 25 years after its 1929 peak
 |
Comments? Send them to
© 2008 CNBC.com
Del.icio.us
Digg ItPermalink:
/id/27119471
MORE FROM CNBC
Data is a real-time snapshot *Data is delayed at least 15 minutes