The Great Depression
The Wall Street Crash→On September 3, 1929, the Dow Jones Industrial Average (NY Dow) hit a record high of $381.17.From then on, stock prices gradually declined.After a 17% drop in one month, the price recovered by about half, then rapidly resumed its decline.The Wall Street Crash (Black Thursday) occurred on October 24th.The stock price fell 12.8% in one day, -12.8% on the 28th to $260, and -11.7% on the 29th to $230.The price hit a low of $198 on November 13th, and then reached $294 on April 17th.However, this was only a temporary rebound, and on July 8, 1932, the price hit $41.22.