{"id":15046,"date":"2022-04-19T12:03:25","date_gmt":"2022-04-19T10:03:25","guid":{"rendered":"https:\/\/amend-finance.de\/1970-tech-crash\/"},"modified":"2023-02-26T18:13:12","modified_gmt":"2023-02-26T17:13:12","slug":"1970-tech-crash","status":"publish","type":"post","link":"https:\/\/amend-finance.de\/en\/1970-tech-crash\/","title":{"rendered":"1970 | Tech Crash"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"15046\" class=\"elementor elementor-15046 elementor-356\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4f698ed elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4f698ed\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-123a828\" data-id=\"123a828\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-73ed391 elementor-widget elementor-widget-text-editor\" data-id=\"73ed391\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In the so-called, almost forgotten, <strong>tech crash of 1970<\/strong>, the S&amp;P 500 Index fell a total of 36.1% from its high of 108.37 points reached on 29 November 1968 to a low of 69.29 points by 26 May.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8028e63 elementor-widget elementor-widget-heading\" data-id=\"8028e63\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Development of the S&amp;P 500 from July 1967 to December 1972<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-94dc75d elementor-widget elementor-widget-image\" data-id=\"94dc75d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"760\" height=\"321\" src=\"https:\/\/amend-finance.de\/wp-content\/uploads\/2022\/04\/chart-1970-tech-crash.jpg\" class=\"attachment-large size-large wp-image-14548\" alt=\"\" srcset=\"https:\/\/amend-finance.de\/wp-content\/uploads\/2022\/04\/chart-1970-tech-crash.jpg 760w, https:\/\/amend-finance.de\/wp-content\/uploads\/2022\/04\/chart-1970-tech-crash-300x127.jpg 300w\" sizes=\"(max-width: 760px) 100vw, 760px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-86189e5 elementor-widget elementor-widget-heading\" data-id=\"86189e5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Progression of the crisis<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-315c5b4 elementor-widget elementor-widget-timeline-widget-addon\" data-id=\"315c5b4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"timeline-widget-addon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<!-- ========= Timeline Widget  Addon For Elementor 1.6.24 ========= -->\n<div id=\"twae-wrapper-315c5b4\" class=\"twae-wrapper twae-horizontal-timeline\">\n<div class=\"twae-wrapper-inside\">\n <div id=\"twae-slider-container-315c5b4\" data-dir=\"\" data-slidestoshow=\"2\" data-autoplay=\"false\" data-auto-height=\"false\" class=\"twae-slider-container swiper-container\">\n <div  class=\"twae-slider-wrapper swiper-wrapper auto-height\"><!-- Start of Story Repeater Content --><div id=\"twae-article-5b10f0f\" class=\"twae-repeater-item twae-story swiper-slide twae-story-no-icon\"><!-- Story Icon --><div class=\"twae-icon\"><i aria-hidden=\"true\" class=\"fas fa-globe-americas\"><\/i><\/div><!-- Story Arrow --><div class=\"twae-arrow\"><\/div><!-- Start of Story Content --><div class=\"twae-content\"><!-- Story Title --><div class=\"twae-title\">29. November 1968<\/div><!-- Story Description --><div class=\"twae-description\"><p>S&amp;P 500 H\u00f6chststand bei 108,37 Punkten.<\/p><\/div><\/div><\/div><!-- Start of Story Repeater Content --><div id=\"twae-article-5f17c38\" class=\"twae-repeater-item twae-story swiper-slide twae-story-no-icon\"><!-- Story Icon --><div class=\"twae-icon\"><i aria-hidden=\"true\" class=\"fas fa-globe-americas\"><\/i><\/div><!-- Story Arrow --><div class=\"twae-arrow\"><\/div><!-- Start of Story Content --><div class=\"twae-content\"><!-- Story Title --><div class=\"twae-title twae-title\">26. Mai 1970<\/div><!-- Story Description --><div class=\"twae-description twae-description\"><p>S&amp;P 500 Tiefststand bei 69,29 Punkten.<\/p><\/div><\/div><\/div><!-- Start of Story Repeater Content --><div id=\"twae-article-b3071dd\" class=\"twae-repeater-item twae-story swiper-slide twae-story-no-icon\"><!-- Story Icon --><div class=\"twae-icon\"><i aria-hidden=\"true\" class=\"fas fa-globe-americas\"><\/i><\/div><!-- Story Arrow --><div class=\"twae-arrow\"><\/div><!-- Start of Story Content --><div class=\"twae-content\"><!-- Story Title --><div class=\"twae-title twae-title twae-title\">4. Mai 1967<\/div><!-- Story Description --><div class=\"twae-description twae-description twae-description\"><p>Vollst\u00e4ndige Erholung des S&amp;P 500.<\/p><\/div><\/div><\/div><\/div><\/div><\/div> <!-- Add Arrows -->\n       <div class=\"twae-button-prev\"><i class=\"fas fa-chevron-left\"><\/i><\/div>\n       <div class=\"twae-button-next\"><i class=\"fas fa-chevron-right\"><\/i><\/div>\n       <div class=\"twae-h-line\"><\/div>\n       <div class=\"twae-line-fill\"><\/div>\n    <\/div><style type=\"text\/css\">.elementor-15046 .elementor-element.elementor-element-315c5b4 .twae-wrapper.twae-vertical .twae-story{margin-bottom:60px!important}.elementor-15046 .elementor-element.elementor-element-315c5b4 .twae-title{font-size:1em;}.elementor-15046 .elementor-element.elementor-element-315c5b4 .twae-label-big{font-size:1em;}.elementor-15046 .elementor-element.elementor-element-315c5b4 .twae-wrapper{--tw-lbl-big-size:1em}@media (max-width: 1024px){ .twae-wrapper{--tw-ybx-size: 75px !important;}}@media (max-width: 767px){ .twae-wrapper{--tw-ybx-size: 75px !important}}<\/style>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-75e6689 elementor-widget elementor-widget-heading\" data-id=\"75e6689\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Causes<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1581456 elementor-widget elementor-widget-text-editor\" data-id=\"1581456\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A period of excessive euphoria, preceding most crashes and in this case spurred by the first moon flights of the Apollo missions, sent share prices soaring to extreme heights.<\/p>\n<p>However, despite the boom in the technology and computer industries, there was an extreme crash in share prices. The main cause of the crash, just like the bursting of the dotcom bubble in 2000, was low or no corporate profits. The average price-earnings ratio of technology stocks in 1968 was 114. Computer manufacturers were trading at 103 times their earnings. By comparison, stocks in the Dow Jones Index had an average P\/E ratio of 16 in the peak year of 1968.<\/p>\n<p>IBM, for example, could not meet the growing demand for its new System 370. The distribution system of bundling hardware and software was questioned by the Department of Justice and resulted in a 13-year-old lawsuit, the substance of which was eventually overtaken by developments in the industry and eventually shelved.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5aa79be elementor-widget-divider--view-line_text elementor-widget-divider--element-align-center elementor-widget elementor-widget-divider\" data-id=\"5aa79be\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t\t<span class=\"elementor-divider__text elementor-divider__element\">\n\t\t\t\tComparison previous year \/ crisis year\t\t\t\t<\/span>\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-475b3a0 elementor-widget elementor-widget-heading\" data-id=\"475b3a0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">7 Medium-term fractal indicators - 1969<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b908d1b elementor-widget elementor-widget-image\" data-id=\"b908d1b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"720\" height=\"460\" src=\"https:\/\/amend-finance.de\/wp-content\/uploads\/2022\/04\/sieben-mittelfristige-fraktalindikatoren-1969.jpg\" class=\"attachment-large size-large wp-image-14549\" alt=\"\" srcset=\"https:\/\/amend-finance.de\/wp-content\/uploads\/2022\/04\/sieben-mittelfristige-fraktalindikatoren-1969.jpg 720w, https:\/\/amend-finance.de\/wp-content\/uploads\/2022\/04\/sieben-mittelfristige-fraktalindikatoren-1969-300x192.jpg 300w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-53adeae elementor-widget elementor-widget-heading\" data-id=\"53adeae\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">7 Medium-term fractal indicators - 1970<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8ccbdc2 elementor-widget elementor-widget-image\" data-id=\"8ccbdc2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"720\" height=\"460\" src=\"https:\/\/amend-finance.de\/wp-content\/uploads\/2022\/04\/sieben-mittelfristige-fraktalindikatoren-1970-tech-crash.jpg\" class=\"attachment-large size-large wp-image-14550\" alt=\"\" srcset=\"https:\/\/amend-finance.de\/wp-content\/uploads\/2022\/04\/sieben-mittelfristige-fraktalindikatoren-1970-tech-crash.jpg 720w, https:\/\/amend-finance.de\/wp-content\/uploads\/2022\/04\/sieben-mittelfristige-fraktalindikatoren-1970-tech-crash-300x192.jpg 300w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d9e07f4 elementor-widget elementor-widget-image\" data-id=\"d9e07f4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"720\" height=\"160\" src=\"https:\/\/amend-finance.de\/wp-content\/uploads\/2022\/04\/legende-sieben-mittelfristige-fraktalindikatoren.jpg\" class=\"attachment-large size-large wp-image-14529\" alt=\"Chart legend for the seven medium-term fractal indicators\" srcset=\"https:\/\/amend-finance.de\/wp-content\/uploads\/2022\/04\/legende-sieben-mittelfristige-fraktalindikatoren.jpg 720w, https:\/\/amend-finance.de\/wp-content\/uploads\/2022\/04\/legende-sieben-mittelfristige-fraktalindikatoren-300x67.jpg 300w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>In the so-called, almost forgotten, tech crash of 1970, the S&amp;P 500 Index fell a total of 36.1% from its high of 108.37 points reached on 29 November 1968 to a low of 69.29 points by 26 May. Development of the S&amp;P 500 from July 1967 to December 1972 Progression of the crisis 29. November [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-15046","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/amend-finance.de\/en\/wp-json\/wp\/v2\/posts\/15046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amend-finance.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amend-finance.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amend-finance.de\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amend-finance.de\/en\/wp-json\/wp\/v2\/comments?post=15046"}],"version-history":[{"count":4,"href":"https:\/\/amend-finance.de\/en\/wp-json\/wp\/v2\/posts\/15046\/revisions"}],"predecessor-version":[{"id":15050,"href":"https:\/\/amend-finance.de\/en\/wp-json\/wp\/v2\/posts\/15046\/revisions\/15050"}],"wp:attachment":[{"href":"https:\/\/amend-finance.de\/en\/wp-json\/wp\/v2\/media?parent=15046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amend-finance.de\/en\/wp-json\/wp\/v2\/categories?post=15046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amend-finance.de\/en\/wp-json\/wp\/v2\/tags?post=15046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}