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The Dow Jones Industrial Average 1896-2016
Human Innovation Always Trumps Fears
The Dow began its career with 12 components and has risen more than 50,000% over its lifetime. It took 25 years for the market to recover from the 1929 stock-market crash, and 16 years to recover from the combined effect of the Vietnam War, the 1973 oil shock and the resignation of President Richard Nixon.