Dow Jones Industrial Average history
When the DJIA was first created, it was designed to gauge the well-being of the industrial sector with 12 stocks (which eventually increased to 30). These stocks included American Cotton Oil, American Sugar, American Tobacco, National Lead, and the Tennessee Coal, Iron, and Railroad Co., among others. While the DJIA first appeared on May 26, 1896, it did not appear in the Wall Street Journal regularly until October 7 of the same year. The starting point for the DJIA was 40.94, a far cry from the 13,000-plus point average in October 2012.
At the time, the stock market was not highly regarded and was not a popular form of investment. Bonds were the most widely accepted form of investment, as they were backed by real machinery, factories, and other tangible industrial assets agen judi slot. The average American was unable to discern whether or not the stock market was flourishing or perishing. Dow created this stock average to help people make sense of the stock market, comparing his average to placing sticks in the beach sand to determine if the tide was coming in or going out. Rising peaks and troughs meant a bull market, while dropping peaks and troughs indicated a bear market.
judi slot online, daftar situs judi slot online terpercaya, game slot online, situs judi slot online, daftar situs judi slot online terpercaya 2020, situs slot online terbaik, casino slot online 888, situs slot online indonesia, nama nama situs judi slot online, situs slot online, online slot, daftar slot online, link slot online, slot game online indonesia, slot online indonesia, game slot online indonesia, slot online, slot jackpot online, judi online slot, judi slot online indonesia, judi mesin slot online, judi slot online android, slot judi online, agen slot online, games slot online, situs judi online slot, permainan slot online, bandar judi slot online, slot 88 online, agen judi slot online, judi slot online terpercaya, main slot online, game judi slot online, link judi slot online, bermain slot online, slot online 2021, daftar situs judi slot online, slot online casino
The DJIA, as well as the rest of the stock market, found itself grossly affected by politics and warfare. A number of global events triggered major changes in the DJIA, including:
The fear of WWI caused the suspension of trading for four and a half months, leading to a DJIA drop of nearly 25 percent on the day trading reopened.
In the great stock market crash of 1929 and subsequent Great Depression, the DJIA returned to its starting point, almost 90 percent below its peak.
The DJIA dropped 10 percent during the four-month period when Egypt seized the Suez Canal, triggering an invasion from Israel, England, and France.
The Black Monday crash of 1987 brought the DJIA down nearly 508 points, or 22.6 percent.
On September 11, 2001, the markets were closed after the terrorist attacks in New York and Washington D.C. When the markets reopened on September 17, the DJIA dropped nearly 685 points, or 7.13 percent.