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Stock Market Events
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NYSE
The oldest and most well known American stock markets. This exchange started when about 24 brokers from New York banded together to organize the disorderly method for trading stocks. -
AMEX
The American Stock Exchange started around the time of the California Gold Rush. This Exchange helped with the business side of the mining industry. -
Wall Street Crash of 1929
Approximated date for the stock market crash and start of the Great Depression. -
Central Certificate Service
An $8 million a year program that was set up to act as a clearinghouse for stock "street name". Street name means that the stocks are left with the brokers, rather than haveing it in their own name. It helped to handle the surging trading volumes. -
First Member
Merrill Lynch became the first member organization of the NYSE to list its stocks on the exchange. -
NASDAQ
The National Association of Securities Dealers Automated Quotations is the exchange that consists of 2,600 listed companies worldwide; however, the NASDAQ deals with the larger companies in the exchange. -
The Second Crash
The second crash of the U.S. stock market. The Dow Jones lost 45% of its value During this 699 day economic downturn. The cause was from the Brentton Woods monetary system. -
End of the Second Crash
The end of the seventh worst crash for the index. This crash mostly affected the UK. -
All TIme High
For the first time ever, the daily trading volume of the NYSE reached 100 million. -
Black Monday
The Crash originated in Hong Kong and spread westward to Europe and the the U.S. This crash affected every stock Market of the world, and caused the Dow to drop 508 points. -
NASDAQ Pulls Ahead
The NASDAQ beat out the NYSE in number of shares traded per day. The total market value as of October 2013 is $5.8 trillion. -
NYSE Nosedive
Throughout the night, the Asian market took a large hit with big losses. This, in turn, caused a huge sell-off in the U.S. market. This enormous sell-off hakted the trading mid-day for about 30 minutes.The halt is called a circuit breaker. After that circuit breaker, the stocks continued to drop, causing another hour long circuit breaker. Trading for that day closed early. -
Terrorist Attack
Six days after the 9/11 attack the NYSE closed for a week causeing the Dow to drop more than 7%, or 685 points -
NYSE Advancements
In April of 2006, the NYSE went from being a membership-only orgnization to being completely public. The reason for this change was brought by the advancements of electronics and online trading. -
Ponzi Scheme
Bernard Madoff paid the investors o his company with the proceeds of the investments of other clients. He defrauded about $18 million, and was sentenced to 150 years in prison. -
Acquiring the AMEX
NYSE Euronect announced that it would acquire the AMEX for $260 million in stocks. -
The Crash of '08
Due to large amounts of failures from the top financial solutions of the world, numerous bnks closed and threw the entire globe for a loop. One symbol that the market was crashing was the bankruptcy of Lehman Brothers. Lehman Brothers was a major financial service for companies all over the globe. -
Capital Purchase Program
A program by the U.S. Treasury Department to purchase preferred stocks in an effort to boost the economy. -
Economy Boost
The U.S. Treasury Department purchase $326 million dollars in preffered stocks to try and boost he economy. This purchase was made under the Capital Purchase Program. -
Huge Hit
U.S. investors watched $2.3 trillion disappeared within 6 hours.
