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Calculating Percent of Loss

Calculating Percent of Loss. By Amanda Wiggins. Stock Market Crash. Average price of 50 leading stocks sank by half In the last 4 months of 1929 the overall value of stocks fell $40 billion In the following years the stock market would continue to plummet

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Calculating Percent of Loss

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  1. Calculating Percent of Loss By Amanda Wiggins

  2. Stock Market Crash • Average price of 50 leading stocks sank by half • In the last 4 months of 1929 the overall value of stocks fell $40 billion • In the following years the stock market would continue to plummet • General Motors stock was once at $73 but would fall to $8 during the Great Depression

  3. U.S. Steel • On September 3, 1929 their stock sold for $262 • By November 13, 1929 their stock sold for only $150 • Their stock dropped to $22 per share at its lowest point

  4. Calculating Percent of Loss Stock fell from $262 to $22 • 262 – 22 = 240 2. 240/262 = 240 ÷ 262 = .916 3. 100 × .916 = 91.6%

  5. U.S. Steel stock lost 91.6% of its value during the Great Depression

  6. Montgomery Ward • Before the crash, their stock sold for $138 • In the next few months their stock dropped to $49 • At its lowest point during the Depression, their stock sold for $4

  7. Calculating Percent of Loss Stock fell from $138 to $4 • 138 – 4 = 134 2. 134/138 = 134 ÷ 138 = .971 3. 100 × .971 = 97.1%

  8. Montgomery Ward stock lost 97.1% of its value during the Great Depression

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