Which stock-market crash in 1962 became known by a name referring to the U.S. president in office?
Answer
Kennedy Slide of 1962
Answer
Kennedy Slide of 1962
The stock-market crash in 1962 became known as the Kennedy Slide of 1962.
The decline occurred during the presidency of John F. Kennedy and followed a sharp rise in U.S. share prices during the early 1960s. The Dow Jones Industrial Average peaked in December 1961 before falling substantially over the first half of 1962.
Investors were concerned about slowing economic growth, tighter monetary conditions, geopolitical uncertainty, and corporate earnings. A major flashpoint was the U.S. government’s confrontation with U.S. Steel in April 1962, when the administration criticized a large price increase announced by the company. The dispute damaged confidence in corporate-government relations.
The Kennedy Slide is often confused with the 1962 recession, but the market decline and the official recession chronology are not identical. The crash also predates the better-known bear markets associated with the 1970s, 1987, and the dot-com era.
Source: Wikipedia · fact-checked Oct. 2026