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When it was first published in the late 1890s, the index stood at a level of 40.94, but ended up hitting its all-time low of 28.48 during the summer of 1896 during the depths of what later became known as the Panic of 1896.

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When it was first published in the late 1890s, the index stood at a level of 40.94, but ended up hitting its all-time low of 28.48 during the summer of 1896 during the depths of what later became known as the Panic of 1896.

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