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Academic

: Voir Dire

Today in Presidential History: DJIA Edition

By abwhitford

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12.12.1914: the Dow drops 24.39 percent in a single day. Says Woodrow Wilson: nothing (in the official papers, at least). Why? Says Mishkin and White: However, we exclude the 1914-1915 crash because although there is a drop, stock markets were closed from July 31 to to December, 12, 1914, leaving little data for analysis.        [...]

Full post as published by Voir Dire on December 12, 2008 (boomark / email).

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