The Dow Jones Industrial Average reached its 1932 low during the Great Depression crash on July 8, 1932.
The Dow closed at about 41.22 on that date, far below its 1929 peak of 381.17. This represented a decline of almost 89% from the peak, although the exact percentage depends on whether closing or intraday figures are used.
The market’s collapse unfolded over several years rather than ending immediately after Black Tuesday. Bank failures, falling industrial production, deflation, unemployment, and reduced consumer demand reinforced one another. The financial crash was therefore part of a wider economic crisis.
The Dow eventually recovered its 1929 closing high in November 1954. That long recovery period is one reason the 1929–1932 episode remains a central example of a prolonged bear market. The 1932 low is distinct from the much more famous crash days in October 1929.