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The Crash of 1929
On October 19 1987, the Dow-Jones industrial average suffered a major devaluation. The Dow lost over 500 points. Stock trading markets worldwide were all suffering similar declines. At the time, there was a lot of concern over what this meant to the overall economy of the world. The reason for this concern comes from the fact that the last time there was a large devaluation in the stock market, there followed a depression. Economists used a yardstick from the Jazz Age to e ...
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