The Interesting History Of The Stock Market

| Total Words: 744

Talking about the Stock Market we seem to mean a different dimension, not a physical location.
However, the Stock Market does have physical locations.

Wall Street, also known as the Dow, or the NYSE, is located in New York

Wall Street is the Address(or is it?)

Many people think of Wall Street and the Stock Market as one in the same, and indeed, it used to be that way.

Dutch settlers initially built a stockade here in 1653 for defense purposes.
In 1685 the stockade was torn down and a street was built called Wall Street.
In 1790 the first Stock Exchange was founded in Philadelphia which became the model for the New York Stock Exchange.

In 1817 the NYSE was officially opened.
The NYSE was moderately successful till the early 1900’s when the market entered a boom period which lasted more or less until 1929.

This boom period of course could not last forever, things were so out of kilter that people were mortgaging their homes and leveraging themselves to the limit to buy shares.
The boom period crashed in 1929 and caused the Great Depression.

The 1929 Crash was caused in part by the fact that...

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