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Stocks fell dramatically during the recession. The Dow Jones Industrial Average reached a peak of 119.6 on November 3, 1919, two months before the recession began. The market bottomed on August 24, 1921, at 63.9, a decline of 47% (by comparison, the Dow fell 44% during the Panic of 1907 and 89% during the Great Depression). [15]
Differences explicitly pointed out between the recession and the Great Depression include the facts that over the 79 years between 1929 and 2008, great changes occurred in economic philosophy and policy, [9] the stock market had not fallen as far as it did in 1932 or 1982, the 10-year price-to-earnings ratio of stocks was not as low as in the ...
Going back to 1937 — the Great Depression period for the U.S. economy — the S&P 500 has sold off in a range of 14% to 57% peak-to-trough during periods of recession, per new data crunched by ...
When comparing the highest and lowest points of the stock market during the Kennedy Slide, the paper values of stocks declined 27% during the period of December 1961 and June 1962. The 1929–1932 bear market, which was a substantial cause of the Great Depression, saw a sharp drop of 89%. Many aspects of the Kennedy Slide of 1962 mirrored those ...
The bear market that ended four years ago was a once-in-a-lifetime event. In the Dow Jones Industrial Average's century-plus history, only the Great Depression produced a steeper decline in market ...
In fact, the recession ended before the NBER determined that a recession had begun. Still, that recession cut deep, with the unemployment rating hitting 14.8% as 22 million jobs were slashed.
A bank run on the Fourth National Bank No. 20 Nassau Street, New York City, from Frank Leslie's Illustrated Newspaper, 4 October 1873. The Panic of 1873 was a financial crisis that triggered an economic depression in Europe and North America that lasted from 1873 to 1877 or 1879 in France and in Britain.
The Great Depression–Late ’20s and Early ’30s. August 1929. March 1933. ... was seen by some as a predictor of a recession in 2023, as the stock market typically looks forward about six months.