Historical Background Of The American And Vietnamese Stock Markets Essay

The stock market, in this case the New York Stock Exchange (NYSE), is a place where people can go to buy, sell, or trade stock, or shares, of companies. The NYSE, which was officially founded in 1817, was bustling with people and investors in the 1920s. Everyone thought that the stock market was just an easy way to get rich. People thought that profit was certain, but it wasn’t. In 1929 the NYSE had reached its peak, as almost everyone had stock. While there were warning signs of a potential crash, many people ignored them or marked them as insignificant. October 24th is

During the 2nd half of the 19th century New York City became the central financial center of the United States. After that the New York Stock Exchange became the number one trading center. The reason for this being that its members focused on buying securities of larger corporations. At that time all the smaller stocks of smaller companies were handled on the streets of downtown New York City. In 1908 these brokers formed the New York Curb Agency which is now known as the American Stock Exchange. It was renamed to this in 1953.

In order to succeed in any business, it is extremely important to understand the stock market. In this assignment we were asked to follow the stock market continuously for four months and understand the market. The stock market is a global marketplace, where goods and services are traded in the form of equities.

Moreover, the New York Stock Exchange on Wall Street has a significant economic influence as it known to be the leading financial center of the world. Following the attacks of 9/11, it was forced to close down due to security reasons, and wasn’t opened again until September 17. The week that it had opened back, many of the market’s stocks such as DJIA had decreased considerably. All of the markets that people had invested in had to be gradually brought up again as business wasn’t in circulation in the aftermath of 9/11. In 2001 revenue, U.S. stocks lost $1.4 trillion in valuation for the week after its initial opening. The U.S government provided $11.2 billion in immediate assistance to the Government of New York City along with $10.5 billion in early

website of the New York Stock Exchange (NYSE.com) and providing a brief summary of each

In the aftermath of the Stock Market of 1929, the American economy was left in an economic depression unlike any experienced in previous history. The federal government was left scrambling, as they tried to control the fallout. The Roosevelt administration and the Hundred Day Senate were in control, and their solution was to set up multiple advisory authorities and progressive programs. The government 's involvement in the economy and its support of the vulnerable citizens evolved in this time through these programs. The "alphabet agencies" are probably the most memorable aspect of the New Deal. To help restart a dying economy nothing is better than hard work. The government provided an outlet for this hard work through many programs. The Civilian Conservation Corps (CCC), established in 1933, provided many jobless men with occupations, while establishing over 800 parks nationwide. The Works Progress Administration (WPA), established in 1935, worked along much of the lines as the CCC, but constructed highways, bridges, and public buildings. These programs provided work for the people (boosting the economy), while bettering and beautifying America for the future. Meanwhile, programs like the Tennessee Valley Authority (TVA) built dams to provide energy and electricity to many of America 's cities. Many of these dams are still fully functioning and still producing power. More direct intervention on America 's economy was utilized on the Stock Market itself with boards like

There is some basic, fundamental background information that is necessary to be able to comprehend how the NYSE has impacted the United States. The NYSE stands for New York Stock Exchange. A stock is a small percentage of ownership of a specific company, which can be sold. Companies generally have thousands or even millions of stocks, implying that with one stock, you own an

The New York Stock Exchange has been a part of the United States financial landscape almost as long as the country has existed. Less than twenty years after the signing of the Declaration of Independence in 1776, the forefathers of the American dream started what would become the most dominate stock exchange in the world. “The history of the New York Stock Exchange begins with the signing of the Buttonwood Agreement by twenty-four New York City

Today the New York Stock Exchange is synonymous with investing. However, it hasn 't always been that way. Our current system of exchange has grown and changed over time to become what it is today. We 'll walk you through a history of the stock market to see what it took to get to where we are today.

As America became more populated in the cities, the necessity of products and food came along. Poverty was still visible. However, it was until the 1920’s that America became wealthy and prosperous. The stock market crashed on October 23, 1929, because of overproduction of goods and excess speculation leading to one of the darkest times in America.

The Stock Market is an organized market for the trading of stocks and bonds. In Europe a stock exchange is often called a bourse. Stock exchanges exist in all-important financial centers of the world. Members of an exchange buy and sell for themselves or for others, charging commissions. A stock may be traded only if it is listed on an exchange after having met certain requirements. The New York Stock Exchange (founded 1790) is the largest in the U.S., handling more than 70% (in market value) of all transactions. The American Stock Exchange (Amex), also in New York City, and regional exchanges account for the remainder. Unlisted shares, often of smaller companies, are traded in the growing over-the-counter

     The New York Stock Exchange traces its origin back 200 years. Centuries of growth and innovation the NYSE remains the world’s foremost securities marketplace. Over the years its commitment to investors has been unwavering and its persistent application of the latest technology has allowed it to maintain a level of market quality and service that is unparalleled. The NYSE has grown to become the global marketplace of today.

In 1903 the NYSE moved to its current building on Wall Street. In 1907, a panic caused by the collapse of the Knickerbocker Trust bank was considered the worst crash in Wall Street history to date. During WWI, the Exchange was closed for five months, the longest period in its history. After the war stock prices soared on Wall Street, and stock market speculation became widely popular.[4]

    “Twenty-four...stock brokers, with no building or even a formal title, met under a buttonwood tree on the north side of Wall Street...” (Blume 23) there they made a deal that went on to be known as the Buttonwood Agreement. In it were these words: “We the Subscribers, Brokers for the Purchase and Sale of Public Stock, do hereby solemnly promise and pledge ourselves to each other, that we will not buy or sell from this day for any person whatsoever any kind of Public Stock, at a less rate than one quarter percent Commission on the Specie value of, and that we will give a preference to each other in our Negotiations” (Blume 23). To these brokers' great delight, their idea became very popular amongst investors and brokers alike. They bought office space on Wall Street, where the Buttonwood Agreement was made. That office space later went on to be called the New York Stock Exchange. They grew and expanded the Exchange so that it became the only place to buy stocks if a profit was to be made.

The London Stock Exchange lists the FTSE 100 which is a share index of stocks of 100 companies showing the highest market capitalisation. This will be completed by discussing the movement of the company’s share during the time period. The companies will also be compared to the movement of the shares against each other, against FTSE 100 and against its industry sector. The records and comparisons will be all in context of Stock Market Efficiency. Stock Market allows a company to be aware of the trade with shares and finance which is at an agreeable price. Two of the companies chosen to