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On This Day: The NYSE closed due to the escalation of World War I

The New York Stock Exchange  | Photo credit: Francisco Diez, Flickr
The New York Stock Exchange | Photo credit: Francisco Diez, Flickr

Facts

  • When the NYSE reopened on Dec. 12, 1914, it marked the largest one-day percentage drop in the Dow Jones Industrial Average - 24.4%. 
  • The Black Thursday crash occurred on October 24, 1929.
  • The NYSE is sometimes referred to as "the Big Board."

On July 31, 1914, as World War I escalated overseas, the New York Stock Exchange (NYSE) closed after foreign investors sold their holdings in order to raise money for the war. The Exchange reopened four months later in December, and is still the longest suspension of trading in NYSE history.

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Facts

  • When the NYSE reopened on Dec. 12, 1914, it marked the largest one-day percentage drop in the Dow Jones Industrial Average - 24.4%. 
  • The Black Thursday crash occurred on October 24, 1929.
  • The NYSE is sometimes referred to as "the Big Board."
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