Fifteen years later, in 1925, it had doubled again to 120, and just 5 years after that, had teetered on the cusp of 300 by April of 1930, right before it took a nose dive. In 2 short years, by June, 1932, the DJIA had fallen to 44 as a result of the Great Depression.
On May 26, 1896, Charles Dow, an editor at the Wall Street Journal and co-founder of Dow Jones & Company, created a new stock market index and named it the Dow Jones Industrial Average. Never did he dream of it hitting 20,000 when it opened at 32. By 1905, 10 years after it had been created, the DJIA had doubled to 65.
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