History of the NYSE

The New York Stock Exchange BuildingThe old stone building at 11 Wall Street, NY, NY. often inspires awe and hushed voices. It is the home of the New York Stock Exchange, the largest stock exchange in the world (by dollar volume) Futures, and fortunes are made and lost here, but how did it get here in the first place?

It all started in 1792, when 24 stockbrokers signed an agreement called the, "Button wood agreement", outside number 68 Wall Street.

What are Stock Market Crashes?

The phrase “stock market crash” brings to mind images of speeding ticker tape machines and panic on the trading floor. The common perception is that stock market crashes are random and unpredictable phenomenon. There is, however, a pattern to the markets larger fluctuations. The market crash is a familiar term but an unfamiliar concept.

What is the Dow

The Dow Jones Industrial Average is an index of 30 blue chip stock that are commonly traded in the United States. It was created on May 26, 1896, and at the time only had 12 stocks on it. The DOW opened at 40.94. In 1882, Charles Henry Dow, Edward Davis Jones, and Charles Milford Bergstresser founded "Dow, Jones and Company", located at 15 Wall Street, in New York. The four produced "Flimsises", handwritten bulletins, that messengers delivered to subscribers in the Wall Street area.

The Stock Market Crash of 1987

The stock market crash of 1987 is the largest crash in recent United States History. Although there was a minor crash at the turn of the 21st century, it was nothing in comparison to the end of the 1980s. In fact, the 1987 crash is the worst single day in American financial history. There was a 22% loss in the market on October 19, 1987 or Black Monday. That is almost double the 12% loss experienced by investors in 1929 on Black Tuesday.