1973-1974 Stock Market Crash

1973-1974 Stock Market Crash

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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The 1973-1974 bear market was a bear market that lasted between January 1973 and December 1974. Affecting all the major stock markets in the world, particularly the United Kingdom, it was one of the worst stock market downturns in modern history.In the 694 days between 11 January 1973 and 6 December 1974, the New York Stock Exchange's Dow Jones Industrial Average benchmark lost over 45% of its value, making it the seventh-worst bear market in the history of the index. 1972 had been a good year for the DJIA, with gains of 15% in the twelve months. 1973 had been expected to be even better, with Time magazine reporting, just 3 days before the crash began, that it was 'shaping up as a gilt-edged year'. In the two years from 1972 to 1974, the American economy slowed from 7.2% real GDP growth to -2.1% contraction, while inflation (by CPI) jumped from 3.4% in 1972 to 12.3% in 1974.Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The 1973-1974 bear market was a bear market that lasted between January 1973 and December 1974.


Title:1973-1974 Stock Market Crash
Author:Germain Adriaan
Publisher: - 2011-07-30
ISBN-13:

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