mar 8, 1929 - Dow Jones Industrial Average
Description:
It’s used to measure the health of the economy/stock market. It summarizes data from 30 large US companies from different industries to determine the relative health of the economy. It uses the idea that what is true of 30 companies is likely true of most companies. Think Cliff Notes of the economy.It was high in 20s, but falls dramatically in 1929.
Added to timeline:
Date:
mar 8, 1929
Now
~ 96 years ago