1 year, 6 months ago
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What is the history of the United States stock market?
What are some key dates and people involved? When was the New York Stock Exchange created? What was the reason behind the creation of the stock market? Answer the question so a person with no prior knowledge of the stock market can understand.
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M$1 Answer
The first stock exchanges date back to the Middle Age in Europe with debt trading between merchants. However the first stock trading can be found in the 17th century with the creation of various companies to explore European colonies such as the Dutch East India Company. Historically stocks and bonds were traded in a physical place or building with traders gathering on the floor and exchanging financial titles by hand.
The New York Curb Exchange, which was started by stock traders on Broad Street's curbstones in about 1850. In the 80's and 90's with the development of computer technologies, stock exchanges have been dematerialized and most of the transactions now happen electronically though some exchanges have kept floor trading activities like the NYSE.
14c Stocks were instruments of punishment. The original Stock Market was a fish and meat market in the City of London on or near the later site of Mansion House, so called perhaps because it occupied the site of a former stocks. 1809 Place where securities are bought and sold. Stock + market.
12c Markets were a place to meet at a fixed time for buying and selling livestock and provisions, to trade, deal in, buy, wares, merchandise, public building or space where markets are held" first attested mid-13c. Sense of "sales, as controlled by supply and demand" is from 1680s, market research is from 1926.
See: http://www.wikinvest.com/wiki/Stock_Exchange
http://www.time.com/time/magazine/article/0,9171,820897,00.html#ixzz15mIBwhnC
The New York Curb Exchange, which was started by stock traders on Broad Street's curbstones in about 1850. In the 80's and 90's with the development of computer technologies, stock exchanges have been dematerialized and most of the transactions now happen electronically though some exchanges have kept floor trading activities like the NYSE.
14c Stocks were instruments of punishment. The original Stock Market was a fish and meat market in the City of London on or near the later site of Mansion House, so called perhaps because it occupied the site of a former stocks. 1809 Place where securities are bought and sold. Stock + market.
12c Markets were a place to meet at a fixed time for buying and selling livestock and provisions, to trade, deal in, buy, wares, merchandise, public building or space where markets are held" first attested mid-13c. Sense of "sales, as controlled by supply and demand" is from 1680s, market research is from 1926.
See: http://www.wikinvest.com/wiki/Stock_Exchange
http://www.time.com/time/magazine/article/0,9171,820897,00.html#ixzz15mIBwhnC
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
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