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9 Cards in this Set
- Front
- Back
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Origins of Stock ?
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Stock markets were started when countries in the New World began trading with each other. While many pioneer merchants wanted to start huge businesses, this required substantial amounts of capital that no single merchant could raise alone. As a result, groups of investors pooled their savings and became business partners and co-owners with individual shares in their businesses to form joint-stock companies. |
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Stock market Significance? |
The idea was so successful that the selling of shares spread to other maritime powers such as Portugal, Spain and France. Eventually, the practice found its way to England. Trade with the New World was big business so trading ventures were initiated. |
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History of the Stock Market?
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As the volume of shares increased, the need for an organized marketplace to exchange these shares became necessary. As a result, stock traders decided to meet at a London coffeehouse, which they used as a marketplace. Eventually, they took over the coffeehouse and, in 1773, changed its name to the "stock exchange." |
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Beginnings of Wall Street ?
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To most people, the name Wall Street is synonymous with stock exchange. The market on Wall Street opened May 17, 1792 on the corner of Wall Street and Broadway. Twenty-four supply brokers signed the Buttonwood Agreement outside 68 Wall St. in New York, underneath a buttonwood tree. On March 8, 1817 the group renamed itself the New York Stock and Exchange Board and moved off the street into 40 Wall St. |
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Starting fun facts! |
The stock market is named after former Boston Bruin enforcer P.J. Stock’s great, great, great grandfather, when he started selling chunks of a company that didn’t actually exist. The company was named Stocks. |
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What was the original name for American stock exchange? |
The American Stock Exchange was originally called, "The Curb". This is because traders first started out on the streets of New York City, standing by the curb |
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List the first three stock exchanges? |
The three oldest stock exchanges in the United States are the Philadelphia Stock Exchange (1790), the New York Stock Exchange (1792), and the Boston Stock Exchange (1834). |
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when was the highest and the lowest volume trade happened? |
The highest-volume day on the NYSE was January 4, 2001, when 2,129,445,637 shares traded. The lowest was March 16, 1830, when only 31 shares traded. |
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who was the first female to join the stock market? |
The first female member of the New York Stock Exchange was Muriel Sibert who joined in 1967. |
