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Buttonwood Tree Agreement
Faced with competion from merchants, twenty four stockborkers signed The Buttonwood Tree Agreement, which created a closed club in which members traded with each other and had to abide by the .25% comission rate. -
The New York Stock Exchange Board
The New York Brokers adopted the name The New York Stock Exchange Board and moved to permanent quaters at 40 Wall Street. -
The Great Fire
The Great Fire destroyed over 700 buildings and the brokers were forced to find temporary accomedations which lead to a boast in the number of shares from 100 to 1,000,000. -
Civil War
The New York Stock exchange suspended trading in the seceded states -
Name Change
The organization officially changed its name to the New York Stock Exchange adn moved to 10-12 Broad Street. -
Post War Expansion
The Civil War fueled expansion and membership and seats became negotiable. To get a seat a person had to buy it from a retiring member. -
Stock Market Crash
The stock market crashed due to the Great depression. The Stock Exchange had a billion shares but then lost 12.8% of its value. -
Becoming Public
The securities and exchange commission was establish and the act was signed making the NY stock exchange have to go public and be nonprofit. -
Creates Common Stock Index
The New York stock Exchange created a list of all the common stock so that it was transmitted daily. -
First Russian Listed Company
The largest celluar telecommunication company in Russia was listed on the New York Stock Exchange becoming the first foreign company listed. -
Beijing Office
The New York Stock Exhange opened an office in Beijing, China becoming the first foreign stock company to get approval to open in China.
