New York Stock Exchange Is Founded (1817)

The first agreement to form a stock exchange in New York was made in 1792 by 24 brokers standing under a buttonwood tree on Wall Street. The New York Stock Exchange was formally founded 25 years later. The exchange provided capital for the industrialization of the US in the 19th century and is today the world’s largest securities market. The right to trade in the exchange can only be obtained by purchasing a seat from an existing member, and the number of seats is limited to how many? Discuss
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