How did the average price per share change between 1929 and 1932?

Between 1929 and 1932, the average price per share of stocks in the U.S. experienced a dramatic decline due to the Great Depression. In 1929, the market peaked, with the average stock price significantly high, but by 1932, it had fallen to about 20% of its 1929 value. This decline reflected widespread economic turmoil, massive unemployment, and a loss of investor confidence, leading to one of the most severe Stock Market crashes in history.