The Dow Jones Industrial Average reached its lowest point after the 1929 Wall Street Crash on July 8, 1932.
The Dow’s low came nearly three years after the dramatic October 1929 collapse. Although the crash is commonly associated with Black Thursday on October 24 and Black Tuesday on October 29, the market continued falling in stages during the early 1930s.
On July 8, 1932, the Dow closed at 41.22, its lowest level of the bear market. That figure represented an 89% decline from its peak of 381.17, reached on September 3, 1929. The market did not regain its September 1929 closing high until 1954.
The crash was a major part of the economic crisis known as the Great Depression, but it did not single-handedly cause every aspect of that depression. Bank failures, falling production, deflation, unemployment, and international financial problems also shaped the downturn.