Register New Player - Log In


FunTrivia Homepage


  • New Questions

  • Unanswered


  • Post a Question

    • Goto Qn #




    Archives

    The stock market crash of 1929 took how long to recover to the level it was at previous to the crash?

    Question #127236. Asked by bjb. (Oct 14 12 12:45 PM)


    misstified

    		Looks as if there is more than one opinion on this with estimates ranging from 'more than 20 years'

    http://wiki.answers.com/Q/How_long_did_it_take_the_stock_market_to_recover_after_the_1929_crash

    to 'until 1954'

    http://www.ehow.com/info_7749903_causes-1929-stock-market-crash.html


    Oct 15 12, 2:30 AM
    gtho4

    		Prior to the October 1929 crash the Dow Jones Industrial index had peaked at 381.17 on 3rd September 1929. It didn't bottom out for another 3 years when it closed at 41.22 on 8th July 1932. It regained it previous high 25 and a bit years later in November 1954:
    379.47 on 22nd November 1954
    382.74 on 23rd November 1954

    http://measuringworth.com/DJA/

    (on that webpage page enter Jan 1 1929 and Jan 1 1955 and it will list the DJI, daily, for all those years)

    Oct 15 12, 3:38 AM

    Find something useful here? Please help us spread the word about FunTrivia. Recommend this page below!


    Sign up to see all responses!

    Create a Free ID instantly to see all recent responses, post your own follow-ups or questions, and access over 1,000,000 trivia questions!

    Choose a User Name:
    Your Email Address:
    Choose a Password:

    I agree by the terms outlined in FunTrivia's Conditions of Use




    Other Similar Questions & Answers


    Were there any stocks that survived the crash of 1929 and did extremely well during the depression era?

    What fourth-generation stock car driver suffered a fatal crash at Lauden, in May of 2000?

    He survived a 1978 plane crash that killed his wife. He would later perish in a 2010 plane crash. Who is this U.S. Senator?

    Suggested Related FunTrivia Quizzes - 90,000 currently online



    "Ask FunTrivia" is for entertainment purposes only, and answers offered are unverified and unchecked by FunTrivia. We cannot guarantee the accuracy or veracity of ANY statement posted. Feel free to post an updated response if you feel that an answer is inadequate or incorrect. Please thoroughly research items where accuracy is important to you using multiple reliable sources. By accessing our website, you agree to be bound by our terms of service.