History Facts Stock MarketThese history facts of the stock market are actually very entertaining. Learning stock market facts and the history of the stock market can give you a new outlook on how the market is and how it functions today. This is why I have created a list of 22 interesting facts that you probably never knew about the history of the stock market. 1. The Dutch East India Company Became the first company to issue stock in 1602. It had 358 shareholders at the time. 2. In 1698 John Castaing started organizing a mini stock exchange in Johnathan’s Coffee Shop. This would later become the London Stock Exchange. 3. The London Stock Exchange is the most international exchange listing companies from 84 different countries. 4. In 1653 Dutch Settlers built a wall to protect themselves against possible Indian attacks. It was later torn down in 1685 and a road was built where the wall used to be. To honor the old wall street was named “Wall Street” and would later become a major influence on the financial community. 5. Alexander Hamilton (secretary of treasurer 1789-1795) while in office organized the selling of government bonds on the corner of Wall Street and Broadstreet, thus starting the NYSE. 6. In 1792 a group of stock brokers signed the “Button Agreement” giving brokers a set of rules to follow when buying and selling securities. 7. The NYSE was originally called the Stock Exchange Office, it would later be renamed the NYSE (New York Stock Exchange) in 1817. 8. The first known method for market timing was created in the 18th century by Homma Munehisa and used candlestick patterns to pick the tops and bottoms of market trends. 9. Charles Dow Created Dow Theory and would become the basis behind technical analysis and market timing. 10. Curbstone Brokers would sell stocks on the street that the NYSE wouldn’t touch. These brokers would eventually band together and become the American Stock Exchange. 11. The Bombay Stock Exchange claims to be the first exchange in Asia, opening up their doors in 1875. 12. In 1886 trading volume on the NYSE rose to over 1 million transactions a day for the first time. 13. The Dow Jones Industrial Average opened was created in 1896 and only traded 12 stocks. These 12 stocks were nicknamed the Dow Dozen. 14. In the 1920s Benjamin Graham and David Dodd two finance professors created the idea of value investing. 15. In 1928 Benjamin Graham started teaching his students methods of buying stocks at a discount. Thus value investing was born. 16. $8.5 Billion dollars worth of margin loans were issued just before the stock market crash of 1929 occurred. 17. In the first week of the stock market crash $30 billion dollars where lost. 18. Most Americans did not trade stocks in 1929, instead most people felt the depression because of the numerous bank collapses that occurred. 19. The S&P 500 was created in 1957 to track the top 500 companies in the U.S. 20. Muriel Siebert became the first female member of the NYSE on December 28, 1967. 21. The NASDAQ history began in 1971 when it was created as the first electronic stock exchange. 22. NASDAQ stands for (National Association of Securities Dealers Automatic Quotations) Those are some history facts of the stock market, but it is not all of them. Here are a few more articles about the history facts of the stock market. Facts About the Great Depression Return from History Facts Stock Market to Stock Market History Go From History Facts Stock Market to Stock Market Indexes History
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