1954: Stock Market Recovers from 1929 Crash

1954ChicagoTribuneSixty years ago today, the Dow Jones Industrial Average hit a high of $382.74. The Chicago Tribune┬ánotes that this is a “new high for 25 years,” and notes that the previous record was $381.17 on September 3, 1929.

That earlier record, of course, came shortly before the crash of 1929, as shown in the front page cartoon below from October 25, 1929.  It took a quarter century for the market to recover from the 1929 crash.

1929CrashCartoon



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