Tyler Cowen links to some of the latest research into what ended the Great Depression in the U.S. this morning. Of course, no discussion of the Great Depression is complete without establishing when it began and when it ended.
To that end, our following chart illustrates the Great Depression as the U.S. stock market saw it, as measured by the sustainable portion of corporate earnings, aka dividends:
Hope this clarifies things!
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Closing values for previous trading day.
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