Sport: BUSINESS IN 1954

IN the economic year of 1954 the world had a clear and easily understandable measure of the soaring strength of the U.S. That measure was the great bull market in stocks. Stock prices rose higher than in 1929, and on the last day of the year the Dow-Jones industrial average hit an alltime high of 404.39. But what gave the bull market historic significance was that it symbolized the strongest possible confidence in the capitalistic system, a confidence that had often seemed lacking, even among U.S. capitalists themselves, in previous years of the boom. The remarkable fact about this surging confidence...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!