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U.S. Stock Market Born
Federal government issues $80 million in bonds that became the first issues of traded securities. -
New York Brokers
The New York brokers establish the New York Stock & Exchange Board (NYS&EB) They create a constitution with rules for the conduct of business. -
Changing Names
The NYS&EB becomes the NYSE, New York Stock Exchange. -
Gold Speculation
Gold speculation results in Black Friday. -
1907 Panic
Rumors of financial issues at Knickerbocker Trust, a leading NY bank, starts a run on banks throughout the city. This was regarded as America's most severe financial crisis to date. -
Wall Street:Financial Leader
America emerges from WWI as a creditor nation, and Wall Street supplants London as the world investment capital. Over the next 10 years, more than 1,700 foreign issues will be offered publicly in the U.S. -
Great Depression
Stock prices fall sharply on Black Thursday with a record volume of nearly 13 million shares. Five days later, the market crashes on a volume of over 16 million shares. This marks the beginning of the Great Depression -
Public Floors
NYSE opens its trading floor to the public. -
Women's Invasion
As previously dominated by men, the NYSE hires women to work on the floor for the very first time. -
Get Involved
The NYSE launches the "Own Your Share of American Business" educational and marketing program, aimed at expanding public participation in the stock market. -
International
International Federation of Stock Exchanges is organized. -
Kennedy Assassinated
Death of Kennedy forces the emergency closing to avoid panic selling. -
Paperwork Crisis
As trading volume surges, member firms struggle to process transactions on time. Member firm back offices work around the clock to keep up. The "paperwork crisis" continues for months, spurring increased automation. -
Non-Profit
The NYSE is incorporated as a not-for-profit corporation. -
Member Organization
NYSE lists its first member organization, Merrill Lynch & Co., Inc. (NYSE Listed-MER). -
One Day Drop
Dow Jones Industrial Average experiences its largest one-day percentage drop in history, 508 points. This drop causes volume to surge to 604 million shares. The next day, volume reaches 608. -
Dow Drops
Dow Jones Industrial Average plummets 554 points, triggering the NYSE's "circuit breaker" rule for the first time. -
Big Points
The DJIA experiences its largest one-day point gain - 499.19 points - to close at 10,630.60. -
Dow Point Decline
The DJIA plummets 684.81 points, closing at 8,920.70 - its steepest point decline in a single day.
