Bear Market (1970–81)
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
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