("Matt Barrow" wrote)
The Dow Jones Industrial Average did not return to the level it held in
October, 1929 until:


1929 was a bubble, built on a bubble - much like Tokyo in the mid 80's.

The farm economy was hurting before The Crash.

IIRC, its spiral started in 1926-27(?). That would put it almost 3 years
ahead of Wall Street's little party. I'm not sure the exact causes: money
squeeze? land value? crop prices? labor costs? Mississippi River Flood?

That said, I've seen/read a number of pieces that said, if you didn't owe
the bank, lived on a farm, and/or had some cash handy, the depression was
almost a non-event ....for the most part. g


Montblack