1933: The year the Federal Deposit Insurance Corporation (FDIC) was created to insure bank deposits and restore customers’ faith in the American banking system. After the crash, banks had only enough to honor 10 cents for every dollar. That’s because they had used their depositors’ savings, without their knowledge, to buy stocks.
Securities and Exchange Commission: This was created by Franklin D. Roosevelt as a way to regulate the stock market and prevent abuses of the kind that led to the 1929 crash.
Three: The number of towns created from scratch during the New Deal. Greendale, Wisconsin; Greenhills, Ohio; and Greenbelt, Maryland were created during the work relief program. All three towns still exist today.
381: The number the Dow Jones market peaked at on September 3, 1929. It later bottomed out at 42 in 1932, which is an amazing 89 percent decline. It did not reach 381 again until 23 years later (in 1955).
How much bull surrounds the trends in your marketplace?
Our Market Assessment can help you find out.