The Dow Jones Industrial Average was 838.92
January 3rd, 2018
1.34 The Dow Jones Industrial Average was 838.92 on December 31, 1970, and11,577.51 on December 31, 2010. The CPI was at 39.8 in December 1970 and219.2 in December 2010 (using a base of 100 in 1982–1984). Did the Dowincrease by more or less than consumer prices over this 40-year period? If theDow had increased by just as much as consumer prices, what would the value ofthe Dow have been on December 31, 2010?1.35 During the 1922–1923 German hyperinflation, people reported receivingmore money for returning their empty beer bottles than they had originallypaid to buy full bottles. Could they have made a living buying beer, emptyingthe bottles, and returning them?