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Old 12-08-2020, 10:21 PM
KinAlberta KinAlberta is offline
 
Join Date: Aug 2016
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Trivia:

” (by comparison, the Dow fell... 89% during the Great Depression)”

Quote:

Depression of 1920–1921 - Wikipedia

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).[11] The climate was terrible for businesses—from 1919 to 1922 the rate of business failures tripled, climbing from 37 failures to 120 failures per every 10,000 businesses. Businesses that avoided bankruptcy saw a 75% decline in profits.[9]

https://en.wikipedia.org/wiki/Depression_of_1920–1921


Source:
https://tradingninvestment.com/100-y...story-chart/2/
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