Denver in Denver County, Colorado — The American Mountains (Southwest)
Boom and Bust
Wall Street of the Rockies
— Seventeenth Street Denver, Colorado —
The downtown skyline was transformed in the late 1970s and early 1980s as the Denver economy boomed based on the price of oil. As oil prices fell below $10/barrel in 1986, Denver’s economy contracted.
In 1986, the Denver economy entered its worst downturn since the Great Depression of the 1930s. The drop in the price of oil led to major lay-offs at many Denver petroleum companies. Downtown land prices declined as much as 80% and office vacancy rates exceeded 35%.
Erected by Walk of Fame International. (Marker Number 13e.)
Topics and series. This historical marker is listed in these topic lists: Industry & Commerce • Natural Resources. In addition, it is included in the Colorado, Denver, Wall Street of the Rockies series list. A significant historical year for this entry is 1986.
Location. 39° 44.782′ N, 104° 59.469′ W. Marker is in Denver, Colorado, in Denver County. Marker can be reached from the intersection of 17th Street and California Street, on the left when traveling south. Touch for map. Marker is at or near this postal address: 17th Street, Denver CO 80202, United States of America. Touch for directions.
Other nearby markers. At least 8 other markers are The Stock Market Crash of 1929 (here, next to this marker); Misery (within shouting distance of this marker); March On (within shouting distance of this marker); The Women's Suffrage Association of Colorado (within shouting distance of this marker); E is for Equitable (within shouting distance of this marker); Origins (within shouting distance of this marker); Shock Treatment (about 300 feet away, measured in a direct line); The Barnes Dance (about 300 feet away). Touch for a list and map of all markers in Denver.
Credits. This page was last revised on December 17, 2021. It was originally submitted on June 19, 2019, by Mark Hilton of Montgomery, Alabama. This page has been viewed 169 times since then and 30 times this year. Photos: 1, 2. submitted on June 19, 2019, by Mark Hilton of Montgomery, Alabama.