Jul 8, 2011

The lowest point

(LoC) On July 8, 1932, the Dow Jones Industrial Average fell to its lowest point during the Great Depression.
This event was symptomatic of a decade of economic uncertainty that was precipitated by the crash in the fall of 1929, when U.S. stock prices declined dramatically. The resulting panic devastated the fortunes of many investors and caused major declines in consumption, industrial production, and employment, which in turn affected the U.S. and world economy for the next ten years. Continued