Dow Jones Industrial Average, 1899-2019

100,000

10,000

1,000

100

10

1

? G. William Schwert, 2000-2019

Dow Jones Industrial Average, 1899-2019

(Logarithmic Scale)

1899 1901 1904 1906 1909 1911 1914 1917 1919 1922 1924 1927 1929 1932 1934 1937 1940 1942 1945 1947 1950 1953 1956 1959 1962 1965 1968 1971 1974 1977 1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010 2013 2016

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