Table of Contents
When did the stock market crash?
October 24, 1929Wall Street Crash of 1929 / Start date
What did President Bush do?
He became the fourth person to be elected president without a popular vote victory. Upon taking office, Bush signed a major tax cut program and education reform bill, the No Child Left Behind Act. He pushed for socially conservative efforts such as the Partial-Birth Abortion Ban Act and faith-based initiatives.
What caused the stock market to crash in 2008?
The stock market crash of 2008 was as a result of defaults on consolidated mortgage-backed securities. Subprime housing loans comprised most MBS. Banks offered these loans to almost everyone, even those who weren’t creditworthy. When the housing market fell, many homeowners defaulted on their loans.
What happened to the stock market during George W Bush’s Presidency?
The Dow Jones Industrial Average fared a bit better. It dropped only 25 percent. Sadly, the tech-heavy NASDAQ shed 48 percent of its value on President Bush’s watch. (UPDATED) Just for contrast, here is a snapshot of the stock market for Barack Obama’s complete two terms, from Jan. 20, 2009 to Jan. 19, 2017 (his last full day in office):
What happened to stocks during Bill Clinton’s presidency?
Stocks were up 75\% four years into Bill Clinton’s presidency, and 25\% into Ronald Reagan’s. Meanwhile, President George H.W. Bush, who also failed to win reelection, ended his four years with stocks up around 50\%.
What happened to the stock market in 1989 during the recession?
The economy and stock market surged in President George H. W. Bush’s first year in office. The S&P 500 climbed 27\% in 1989. But then the savings-and-loan crisis and Gulf War struck. Oil prices more than doubled after Iraq invaded Kuwait. Growth slowed, and the American economy slipped into a mild recession in July 1990.
Which US presidents have had the best and worst stock market returns?
We also included the ratio of gross federal debt to GDP for the final year of each presidency. The winner among presidents for the best cumulative stock market return is William J. Clinton, with nearly 210\%. The worst: George W. Bush, with -40\%.