On what date did the Dow Jones Industrial Average hit its Great Depression low?
Answer
July 8, 1932
The Dow Jones Industrial Average hit its Great Depression low on July 8, 1932.
The low came nearly three years after the dramatic stock-market selling of October 1929. By then, bank failures, declining industrial production, unemployment, deflation and collapsing corporate profits had deepened the economic crisis.
The Dow's 1932 trough was far below its 1929 peak. The index eventually recovered, but it did not regain its September 1929 closing high until 1954, illustrating how long the damage lasted for investors.
The 1929 crash and the Great Depression are closely related but not identical. The crash was a market event; the Depression was a prolonged international economic crisis with many causes and consequences.