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The Nyse 's Impact On The United States

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The NYSE has had an immense effect on the United States. Since its creation it has been a major driving force behind the United States’ economy. It has affected both foreign and domestic exchange, our relations with corporations and other countries, and has led to a variety of job openings. Overall the NYSE has had sizable impact on the United States’ economy.
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 …show more content…

The NYSE has exchange in its name; this can prompt you to make the conclusion that it may impact the international exchange rate. This conclusion would be correct. There is actually fifteen trillion dollars in the New York Stock Exchange, even though there is only six million dollars in the U.S. Comparatively, this means the NYSE is worth more than the U.S. is. With statistics along those lines, the only logical conclusion is that the NYSE has had a massive impact on the United States. However, this statistic may provoke some skepticism. How can there be more money in a U.S. market, than there is in the United States? The answer is quite simple and is generally overlooked by those who criticize this figure. The NYSE is not a U.S. market. It is owned by I.C.E., the Intercontinental Exchange. In other words, there is more currency in the NYSE than in the U.S. because it is an international market. This is a very obvious, simplistic idea that is commonly overlooked. As mentioned above, the NYSE affects international exchange rates. With so much money wrapped up in the stock market, the behavior of the market can drastically impact exchange rates. For example, the stock crash in 2009 caused a drop in the value of the U.S. dollar of nearly twenty percent. This is a perfect example of how the NYSE has affected the exchange rate. As well as international exchange, the NYSE has had an even

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