stock market exchange

The history of the stock market is very rich and the efficient system now used for trade and investment in companies has evolved over centuries. All policies and regulations have evolved over time as policy makers feel the need for them. Wall Street extended as early as 1685. The market investment after a century was born in 1792, when five securities were traded. These included three government bonds and two banks.

The Buttonwood Agreement was the historic pact that around twenty four brokers and merchants signed the agreement to trade securities for commission. He says the New York Stock Exchange began as result of this pact. Slowly the market started gaining prominence and securities such as shares of banks, insurance stocks and government bonds had begun to trade. As the market gained in importance, felt the need for rules and regulations for the orderly development of trade and investment. The New York Stock & Exchange Board was formed on Wall Street. In 1853, the Board required the companies traded in the market to produce a complete declaration of shares outstanding and capital resources.

The first fall of the stock occurred in 1853 when the market lost up to 45% value. The reason was the collapse of Ohio Life Insurance & Trust Company. In 1866, the first transatlantic cable was allowing instant communication between New York and London. In 1867, the stock ticker was invented and this brought the the companies' current prices for all investors. In 1872, the examiner was created. The specialist is a trader who only in a population, because he sits in one location on the trading floor. In 1895, it was suggested that companies start providing annual reports on their performance to their shareholders. Then in the following year, there was another event in the form of The Wall Street Journal published the Dow Jones industrial average for the first time.

The Federal Reserve System was created in 1913 to lead the credit control structure and the structure of the banking system. The market price was quoted as a percentage of the nominal value. This was changed to prices quoted in dollars. In 1929, the biggest drop in volume of shares takes place. This marked the beginning of the Great Depression. The Dow Jones reached the lowest value since the peak of 1929 in 1932. It cites a 89% down at that point in time. The Securities and Exchange Commission was created to provide information complete to the investors and to prevent fraudulent activities in connection with the sale of securities. Women enter the trading floor in 1943, ending the reign of men. In 1966, several important events took place. The Securities Investment Protection Corporation was created to provide protection to customers of brokerage firms that the collapse. The future of New York was formed in 1979. In 1996, he launched real-time tickers on CNBC and CNN that the price of the shares to investors and traders instantly.

As you can see the rich history is incomparable to the history of any other stock market in the world. New York Stock Exchange is the exchange of values in the world and will remain so for some time to come.

Arkaitz Arteaga – Market Stock

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