This has nothing to with the article, but I’m bored.
Union Pacific stock was trading between $266-269 1/8 on July 16,1929. It high for the year was $271(it would go higher)
Source: Time Union newspaper Brooklyn, NY.
UP stock today $218.65 (last time I looked.)
If I “bought and held.”
Did I make money?
Comparing share prices, without allowing for stock splits, is misleading. For instance, there have been 5 Union Pacific stock splits since 1980, resulting in about a 24 fold increase in value on a per share basis (and that's without taking into account the added value of shareholder dividends).