1929: Stock Market Crash

Investors often measure the health of the economy with a stock index known as the DIJIA or Dow

It tracks the top 30 companies across important industries!

From August 1921 to September 1929, the Dow had increased by 6x

But a month later, the market crashed in two days (Monday to Tuesday)

Known as the first Black Monday, the Dow plummeted by nearly 13% and 12% more a day later

The Dow had lost nearly 50% of its value by mid-November, marking the entrance of a bear market

Many believe that too many investors buying stocks on margin, or only paying for 10% of the value, led to the crash

This led to extreme debt for both investors and consumers

This crash launched the Great Depression

The market did not recover until 1954 and was otherwise 89% below its peak throughout the depression