The History of the Stock Market 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

The Securities Exchange Act of 1934 was passed by congress to strengthen the government’s control of the financial markets. It was preceded by the Securities Exchange Act of 1933 which was enacted during the Great Depression in hopes that the stock market crash of 1929 would not be repeated. The basic difference between the two acts was that the 1933 Act was to govern the original sales of securities by requiring that the issuers, the companies offering the securities, offer up sufficient information about themselves and the securities so that the potential buyers could make informed decisions. The 1934 Act was

It started in the 1920s when the United States stock market went through rapid expansion

Street to buy and exchange stocks. The stock market grew so popular, it was featured on the front pages of

The San Francisco Stock Exchange opened in 1862, just blocks away from the formerly legal gambling houses. This was an era of “stock jobbing,” in which unsophisticated investors made speculative short term bets on volatile mining and railroad stocks. These early era markets were notorious for rampant price manipulations duping many naïve “investors” out of all of their money.

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.

when the New York Stock Exchange collapsed that is when millions of shares were sold because many people lost hope of the economy, and over $50 billion

In the main 19th century, countless new enterprises sprang up in the railroad and assembly industries. The New York Transactions Board had next mandated an association to have a minimum of 100 stocks in order to transactions in their exchange. Countless of these new firms might not encounter such necessities to be tabulated on the Board. A cluster of non-member brokers catered to the needs of these firms as they traded their stocks beyond the registered exchanges. These brokers came to be recognized as the curbstone brokers, as they led their auctions out in the street. These brokers frequently traded stocks that were speculative in nature. With the invention of oil in the afterward half of the 19th century, even oil stocks went in into

     The Stock Market in the 1920’s had consistently seen prices climb over the last few years. By the fall of 1929 the prices of stock were severely overpriced and unaffordable. When stockholders saw the severity in the prices they all panicked and began

market was propped up by new investors entering the market , who viewed it as an easy

The organization was now called the New York Stock and Exchange Board or NYSE. Later in 1846, astonishing advancements in telecommunications technology enabled a new openness to the business of the stock market.

The stock market crash of 1929, resulted in the enactment of the securities act of 1933 and the Securities Exchange Act of 1934. The SEC was created to restore the public confidence and prevent another financial disaster. As a result, companies are required to explain the risks involved in investing in any securities offered to the public.

The Securities Exchange Act in 1934, made the SEC (Securities and Exchange Commission) in light of the share trading system accident of 1929 and the Great Depression of the 1930s. It was made to ensure U.S. speculators against misbehavior in securities and budgetary markets. The motivation behind the SEC was and still is to complete the commands of the Securities Act of 1933: To ensure financial specialists and keep up the trustworthiness of the securities market by correcting the present laws, making new laws and seeing to it that those laws are upheld. Amid the 1920s, around 20 million Americans exploited post-war flourishing by acquiring shares of stock in different securities trades. At the point

The U.S stock market came into existence on May 17, 1792 followed by the stock exchange coming into existence on March 8, 1817, at Wall Street, lower Manhattan, New York City, New

When the market first opened for business, 1143 investors had received stock in the VOC (Petram, 17). Very light trading occurred over the next thirty years within the secondary market. However, due to the popularity of the trading arena the secondary market exploded, causing hundreds of share transfers between different investors. Investors learned that they could make more of a profit through selling shares regularly (market making) instead of holding on to them for a few years. After the spike of the share price had occurred in 1633, many novice investors were looking for a way to sell their shares. Experienced merchants would meet with these investors and buy their stock for a little less than the asking price. From there, they would sell those same shares as soon as the same day and charge above the market price. The