In early 1928 the Dow Jones Average went from a low of 191 early in the year, to a high of 300 in December of 1928 and peaked at 381 in September of 1929. It was anticipated that the increases in earnings and dividends would continue. The price to earnings ratings rose from 10 to 12 to 20 and...

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• Approx Pages: 5
• Grade Level: High School