The History Of The Stock Markets
Did you know that over two hundred years ago, 1792 to be exact; NYSE or The New York Stock Exchange was born and organized? It then consisted of twenty-four rich business and company leaders who got together and merged on Wall Street in New York City to compare and to trade their stocks.
In this way these gentlemen of the rich companies and business who did not want to be stuck in their offices and fanning themselves and fretting over the lack of business, they met on the cooler streets, compared notes, bragged a bit, and then they had a lovely and lively morning of trading with rest of the gentlemen. After they had determined to make money with this kind of investing then they would probably have clinched their deals together, that is the sales of stocks and bonds over lunch.
The street market became a big business and probably a well known industry in 1900 and in 1921 as they moved indoors. Then the American Industrial Revolution became in full force and manufacturing was giving the self satisfied farmers a great run for their money. Mothers no longer needed to sit at their home sewing machine making clothes for the family, since she could purchase them at the dry goods store already made. The industry has freed her to get a stable job in a local shoe factory. Although, she was not quite ready to do work in the harness shop, her husband was ready enough to do so.
By now the smaller trading companies that you know are about eighty years old. These secondary trading exchanges are more known as a speculation markets; they have made it possible for an average person that could afford to trade in this fashion to do so. The holders of the stocks and the bonds began trading their own set of stocks and bonds and that kind of practice has gained approval and eventually took off. It no longer needed the entrepreneurial spirited trader with the lesser means to have to bow out of the trading industry if he was not in the league or a member of the rich companies in the industry. Now anyone could buy shares in the companies they admired.