1901 - 1903 Stock Market Crash
Stock Market Crashes
From Dustin Woodard,
Your Guide to Mutual Funds.
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1901 - 1903 Stock Market Crash:
This is the oldest crash to make the list (DJIA records are not available before 1900). To give you a perspective of what things were like during this time, take a look at these facts:
Life expectancy in the U.S. was 47
Only 14% of homes had a bathtub
Maximum speed limit in most cities was 10mph
Average wage was 22 cents and hour - avg salary/year was about $300
More than 95% of all births took place at home
Only 6% of the population had graduated from High School
The #1 cause of death was Pneumonia and Influenza
The American flag had 45 stars
6th Worst Stock Market Crash:
Date Started: 6/17/1901
Date Ended: 11/9/1903
Total Days: 875
Starting DJIA: 57.33
Ending DJIA: 30.88
Total Loss: -46.1%
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