Home » Crash of 1929
Posted on 31 March 2011 | 4,935 views

John Deere Stock Price Collapses After October 1929

Deere & Company began when John Deere, born in Rutland, Vermont, USA on February 7, 1804 moved to Grand Detour, Illinois in 1836 and opened a 1,378 square feet shop in Grand Detour in 1837 which allowed him to serve as a general repairman in the village, as well as a manufacturer of small tools such as pitchforks and shovels.

In 1912, “Deere & Company” president William Butterworth, who had replaced Charles Deere after his death in 1907, began the company’s expansion into the tractor business. Deere & Company briefly experimented with its own tractor models, the most successful of which was the Dain All-Wheel-Drive, but in the end decided to continue its foray into the tractor business by purchasing the Waterloo Gasoline Engine Company in 1918, which manufactured the popular Waterloo Boy tractor at its facilities in Waterloo, Iowa.

Deere & Company continued to sell tractors under the Waterloo Boy name until 1923, when the John Deere Model D was introduced. The company still manufactures most of its tractors in Waterloo, Iowa.

Before the stock market crash in October of 1929, John Deere’s stock price was listed at $476.50 per share on October 27, 1929. It was traded on the New York Curb Exchange and would finally come close to a bottom on December 16, 1931 at $10.50 per share after struggling through the worst Bear Market in history.

The company’s slogan is “Nothing Runs Like a Deere” and has a picture of a deer as a logo, a word play pun on “nothing runs like a deer.”

Resources:

The Pittsburgh Press
Spokane Daily Chronicle

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Technorati
  • Mixx
  • Pinterest
  • Google Plus
  • Reddit
  • BlinkList
  • Blogger
  • Tumblr
  • Digg


Tags: , , , , , , , , , , , , ,

Rate This Article!
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...Loading...

One Comment »

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.

IMPORTANT! You need to solve the following simple math (so we know that you are a human) :-)

What is 12 + 9 ?
Please leave these two fields as-is:
CommentLuv badge

Incoming Search Terms!

john deere stock, john deere stock price, john deere stock market, john deere crashes, john deere stock history, john deere stock symbol