Facts About The Great Depression That Aren’t As Dark And Gloomy As You’re Expecting

Whoever Dow Jones Is, He Was In Hiding

Photo Credit: Fox Photos / Getty Images

The Dow Jones market before the crash on September 3, 1929, hit 381. By 1932 it hit a low of 42, which was an unprecedented 89% decline. Even to any non-economist, this is clearly not good news.

The Dow Jones wouldn’t reach 381 again until almost 23 years later in 1955. This was the straw that broke the camel’s back for President Hoover, who had lost all trust among the people. He would go on to lose that year to his challenger FDR.