Stock Market History
The stock Market is an avenue from which stocks of companies are bought and sold.
For some, they thought that stock market and Wall Street are the same. Wall Street in New York is just one example of a stock market.
Wall Street though is very significant in a sense that this is were the concept of stock market started.
The Wall Street establishment was built in 1653. Its purpose then is for defense and not for commerce. Dutch settlers fortressed themselves from Native Americans and British by building a 12 foot stockade fence,
In 1685, the wall was torn down and replaced by a new street. The British named it Wall Street.
The Stock Exchange
Wall Street is made famous with the emergence of two powerful stock exchanges. This resulted in the chaotic trading which turned out to be the financial markets that we know today.
The first stock exchange in the United States was founded in 1790 in Philadelphia. Two years later, a group of New York traders met and thought about setting up a security business. These 24-man groups are the founders of the New York Stock Exchange.
In 1817, the New York merchants were upset by the bad state of their stock exchange. They sent one of their members to Philadelphia to take a look at their trading. The representative found out that Philadelphia is doing well in their exchange. The merchant returned to New York and discussed to the group how things were being done in Philadelphia. Shortly after, the “New York Stock and Exchange Board” was formally organized.
The exchange center was inaugurated on Wall Street. The rest was history. From a troubled beginning, the New York Stock exchange emerged as the place where billions of dollars worth of stocks and bonds are traded each day.
But the success of Wall Street did not happen overnight. In the early 1990’s, the New York Stock Exchange was already on the rise. But this financial boom could not be sustained. In 1929, the stock market crashed, shocked the world and caused the Great Depression.
Although the economy eventually recovered, the mistakes of the Great Depression haunted them back. In 1987, the stock market again crashed. The crash was so crippling that the Dow Jones suffered the largest single-day loss in the stock market’s history.
Since then, the government and the industry have been trying to set up measures to prevent such a large-scale crash. Now, the stock market is an essential component in the world’s economy. Proper safeguards and systems to reduce or prevent another stock market crash are of utmost importance.
It takes a lot of research and patience to learn how not to fail in the stock market. Investing money entails a great amount of risk. Like they always say, “It takes money, to make money.” Money doesn’t grow on trees, you know. But it doesn’t necessarily mean that to achieve good profits, one has to invest heavily and risk greatly. That is not the case all the time. A well-informed investor can make sound decisions that will help him earn considerable profits with minimal loss. ...
What can you get out of an investment stock market news letter? A newsletter is defined as a publication which is distributed on a regular basis and which discusses one main topic for the benefit of its readers. Newsletters are published by clubs and business companies to provide their clients with company relevant information. A stock market investment market newsletter is published to provide stock market investors with insights on the current trends in the market. These types ...
Making an investment in the stock market can be scary. It's an opportunity to make a lot of money, or lose a lot of money. People hear about the stock market every day. Each time the stock market hits a high, or a low, people hear about them. Daily statements are also issued about the activities of the stock market and its relevant economic implications. But what really is a stock market? What are stocks? And why is it that people want to do stock market investments? The stock ma ...
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