The Dow Jones Industrial Average’s lowest closing level during the 1932 bottom of the Wall Street Crash was 41.22.
The Dow reached that closing low on 8 July 1932, nearly three years after the dramatic autumn sell-offs of 1929. From its peak of 381.17 on 3 September 1929, the index had fallen by almost 90 percent. The prolonged decline reflected the deepening Great Depression, collapsing corporate earnings, bank failures, deflation, and widespread unemployment.
The 1932 low is important because the stock-market crash was not a single day. The market’s initial break in 1929 was followed by repeated rallies and further declines. The eventual bottom came after financial and economic stress had spread far beyond Wall Street.
The Dow did not recover its September 1929 closing peak until November 1954. The figure 41.22 refers to the index’s closing level, not an intraday low, and it should not be confused with the percentage decline recorded on individual crash days.