Chapter

Bear Market (1970–81)

Charles R. Geisst

in Wall Street

Published in print September 1999 | ISBN: 9780195130867
Published online November 2003 | e-ISBN: 9780199871155 | DOI: http://dx.doi.org/10.1093/0195130863.003.0011
 Bear Market (1970–81)

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Stock market falls in 1970 after Wall Street crisis. War related inflation and high interest rates prevail. Paul Volcker assumes control at Fed. Historically high interest rates. High value of the dollar. Market retreats below 1,000 on DJIA. Record yields on Treasury bonds, economic stimulus package from Washington.

Keywords: bear market; economic stimulus; Federal Reserve; inflation; interest rates; stagflation; trade deficit; Treasury bonds; Paul Volcker; Wall Street crisis

Chapter.  13503 words.  Illustrated.

Subjects: Economic History

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