Question

From its peak in 1929 to the trough in December 1932, the Dow Jones Industrial Average fell by _____. The Baa-U.S. Treasury spread was about 2% at the beginning of 1929. By December 1932, the Dow Jones Industrial Average reached a low, and the spread had increased to _________.

Answer 1

Answer:

The correct answer is:

90% and 6%

Explanation:

From its peak in 1929 to the trough in December 1932, the Dow Jones Industrial Average fell by 90%. The Baa-U.S. Treasury spread was about 2% at the beginning of 1929. By December 1932, the Dow Jones Industrial Average reached a low, and the spread had increased to 6%.

The Dow Jones Industrial Average is the Index created by Charles Henry Dow, an economist and journalist, who worked for the famous journal The Wall Street as editor. There, he created the scale in order to measure year by year the development or behavior of the 30 largest public limited companies in the United States.