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Stock Market reaches its lowest point in the Great Depression...
Stock Market reaches its lowest point in the Great Depression...
Item # 712766
July 09, 1932
THE DETROIT NEWS, July 9, 1932
* Stock Market at lowest point during Great Depression
* Wall Street exchange bottoms out
A significant issue, as this issue has the reports of the New York Stock Exchange from the day it reached its lowest point during the Great Depression. The Stock Market crash of October, 1929 triggered the Great Depression. People all over the country not only lost their money, but also they lost their jobs. Stock prices continued to fall, and on July 8, 1932, the market hit its lowest point during the Depression. The financial reporting and figures is on page 13 here.
This crash returned the average to its starting point, almost 90% below its peak. On July 8, 1932, it had an intra-day low of 40.56, closing at 41.22. The high of 381.17 on September 3, 1929, would not be surpassed until 1954, in inflation-adjusted numbers.
Complete with all 18 pages, rag edition in nice condition.
Category: The 20th Century
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