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1929 Stock Market Crash
Before 1929 Stock Market Crash, The Dow Jones Industrial Average went from a low of 191 in early 1928 to a high of 300 in December, 1928 and peaked at 381 in September 1929. Due to the anticipation of continued increases in earnings and dividends,Price/Earnings ratios rose from a conservative 10 or 12 to 20, and higher for the market's favorite stocks. Market Research Education.

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