Plan Your Financial Wealth

Stock Market is a place of curiosity for many. That’s because the place has given birth to many millionaires and is also responsible for turning millionaires to locals. Thus, the bulls and bears have always been charismatic. Today millions of people investing in the stock market to make good money. The aura of the place is such that it is swarming with people any time of day and all seasons of the year. But only few people know how the stock market has emerged or are in fact its origins.

A brief encounter with the past

The oldest stock certificate was issued for a Dutch company in 1606. The purpose of this society was to take advantage of the spice trade between India and the Far East. During the 18th and 19th centuries the trade of spices drifted to England when Napoleon reigned over the place. With the development of the United States of America as a colony of the British and Alexander Hamilton (the first U.S. Treasury Secretary) flourished on the American Stock Exchange. Hamilton has played a crucial role in encouraging trade in the Wall Street and Broad Street in New York. The New York Stock Exchange and the Board now popularly known as the NYSE was organized by merchants in New York in 1817 where trade and commerce bloomed there.

A detailed study of the scholarship of the West

• The Wall Street-a place where the entire 18th century trade and commerce took place, Wall Street is a place known worldwide. The street was called Wall Street, as it ran along a wall that was taken as the northern boundary of New Amsterdam in the 17th century.

Wall Street is known for the million merger of JP Morgan that created U.S. Steel Dollar Corporation, the devastating crisis that led to the Great Depression and the “Black Monday” of 1987.

• The New York Stock Exchange or the New York Stock Exchange is perhaps the foremost and if the oldest stock exchange in the United States that is supposed to be born in 1792. Important aspects related to NYSE include the Buttonwood Agreement when 24 brokers and merchants of New York signed the agreement and established the New York Stock Exchange and Securities Board which is now recognized as the NYSE, considerable fluctuations the NYSE saw during the 20th and 21st century, hitting the 100 and later even 1000 mark by the Dow Jones around 1971 and the mark of 10,000 that the Dow Jones reduced in 1999.

• NASDAQ is the National Association of Securities Dealers Automated Questions. This is an apparent or virtual market where all trading activities are done through electronic media. NASDAQ, the global and the largest electronic stock market today was first established in 1971 in the United States at the time when computers were not as developed as they are today and it was very difficult to calculate. The main exchange of NASDAQ is in United States while its branches located in Canada and Japan and is also related to the markets of Hong Kong and Europe. NASDAQ functions by purchasing and selling over-the-counter stocks or OTC.

• AMEX was discovered in 1842. The putative father of the institution is Edward Mc Cormick (Commissioner of the SEC) who endowed it with its current name. She began her journey as the NYSE empty and his name is made. The AMEX unlike the NYSE works with small businesses and more dynamic, some are not even on the board of directors of the NYSE.

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