What happens in 1792 when 24 men decide to meet on a
regular basis under a buttonwood tree near Wall Street, New
York? The New York
Stock Exchange is born. The
historical significance of creating the New York Stock Exchange
should make you proud to be an American and an investor.
Even in the extremely turbulent and uncertain times that
existed in America in the late 17th century, people
believed enough in this country to invest in it.
The true spirit of investing is accepting risk when the
chance for success is high and the reward can be beneficial to
yourself and society.
Over 200 years later, the
New York Stock
Exchange (NYSE) still upholds this spirit.
When the Nasdaq Stock Market came under fire for
financially gouging investors while executing stock
transactions, the NYSE quietly continued to
reward investors with fair stock transactions.
When the Nasdaq
Stock Market lost almost 80 percent of
its value, stocks listed on the NYSE lost
only 30 percent of their combined value.
The NYSE was also the first stock
exchange to make the transition from fractions to pennies.
This transition gave individual investors even more
accurate stock transactions, saving them potentially thousands
of dollars over a lifetime.
Investor is not affiliated with or endorsed by the New York
Stock Exchange. The New York Stock Exchange is a