Monday, October 6, 2008

Government Bailout of 1907 - 3rd Worst Stock Market Crash

Today's bailout is not the first time the government bailed out the stock market.
The 1907 Stock Market Crash was called the "Panic of 1907." The U.S. Treasury department bought 36 million dollars worth of government bonds to offset the decline of the market (and remember, $36 million translates to a much bigger number in today's dollars). This is the 3rd Worst Stock Market Crash:
Date Started: 1/19/1906
Date Ended: 11/15/1907
Total Days: 665
Starting DJIA: 75.45
Ending DJIA: 38.83
Total Loss: -48.5%

http://www.selectbrokersrealty.com

No comments: