Britannica Sources used in this answer

How far did the Dow Jones Industrial Average fall after its 1929 peak?

Created from Britannica articles using AI. AI can make mistakes, so verify using Britannica articles.

A long line of unemployed men in coats and hats stands outside a soup kitchen in Chicago, with a storefront sign reading Free Soup, Coffee and Doughnuts for the Unemployed. — Great Depression Unemployed men standing in line outside a soup kitchen, Chicago.

Following its peak of 381 points in September 1929, the Dow Jones Industrial Average experienced a catastrophic decline as the Great Depression took hold.12

By the summer of 1932, the index reached its 20th-century nadir, trading at just over 41 points. This represents a loss of approximately 90 percent of its value from the 1929 peak.2