Answer:
≈ 300 points
Step-by-step explanation:
Depending on the index or group of stocks you are using, there are a few different approaches to calculate the average stock price in 1929. The Dow Jones Industrial Average, however, is a widely used indicator of the overall stock market performance during this period (DJIA).
Only a few weeks prior to the infamous stock market crash, on September 3, 1929, the DJIA hit a record high of 381.17 points. This was more than three times the level it had reached in 1924, which was just five years earlier.
The stock market, however, saw a sharp slump in the months that followed this peak; by October 29, 1929 (also known as "Black Tuesday"), the DJIA had dropped to 230.07 points, a reduction of more than 40%. This was the start of the Great Depression, a protracted period of economic misery and widespread unemployment.
It's important to keep in mind that the DJIA is but one indicator of stock market performance; many other indexes and specific equities might be looked at to provide a more comprehensive picture of the stock market in 1929. On the basis of the DJIA, we can estimate that the average stock price in 1929, just before the crisis, was about 300 points.
Hope this helps!
- Dante