Stock Exchange | The Rise Of Wall Street - Stock Market History

Wall Street, although it is very important in the sense that this was the concept of stock market began. The establishment of Wall Street was built in 1653. Its purpose is, then, for defense and not for trade. Dutch settlers fortified Native Americans and British by building a fence 12 feet trench.

In 1685, the wall was demolished and replaced by a new street. The British called Wall Street.

Stock Exchange:

Wall Street became famous with the emergence of two stock exchanges powerful. This led to the negotiation proved chaotic financial markets we know today.

The stock market for the first time in the United States was founded in 1790 in Philadelphia. Two years later, a group of New York merchants met and thought about creating a security company. These groups of 24 men are the founders of the New York Stock Exchange.

In 1817, New York merchants were upset by the poor condition of the bag. He sent one of its members to Philadelphia to take a look at their operations. The representative found out that doing well in Philadelphia exchange. The merchant returned to New York and discussed with the group how things were done in Philadelphia. Soon after, the "New York Stock Exchange Board and" was formally organized.

The clearing opened on Wall Street. The rest is history. Problematic from the start, the New York Stock Exchange became the place where billions of dollars in stocks and bonds are traded each day.

But the success of Wall Street does not happen overnight. In early 1990 's, the New York Stock Exchange was already in place. But the financial boom could not be sustained. In 1929, the stock market crashed, shocked the world and caused the Great Depression.

Although the economy recovered, the errors of the Great Depression than happy to return. In 1987, the stock market crashed again. The shock was so overwhelming that the Dow Jones suffered the biggest loss in a single day in the stock market history 's.

Since then, the government and industry have been trying to establish measures to prevent large-scale accident. Now, the stock market is an essential component in the economy of the world 's. Due process and systems to reduce or prevent stock market crash are critical.