Archive for August 24, 2013
Everybody likes making money. It is the core of the American dream. It gives us a reason to get out of bed in the morning. A perpetual favorite among the financially savvy for centuries is investing in the stock market.
The stock market, as far as America is concerned, was established on May 17th, 1792. A group of 24 stock brokers and merchants came together to sign the Buttonwood Agreement, which stated that brokers were to deal only with each other and that their commissions were to be 0.25 percent. The first company to be listed here was the Bank of New York. The New York Stock Exchange later ratified its constitution in 1817 to put in place additional guidelines. This entity gained steam over the years, having its first day where over a million stocks were traded on December 15th, 1886. People