1 / 8

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

shea-buckley
Download Presentation

Calculating Percent of Loss

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  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

More Related