Wall+Street+and+the+New+York+Stock+Exchange




 * This page explores the New York Stock Exchange and the workings of the Stock Market.**
 * ==== For more on financial markets and stocks, link to Economics 2.11 ====


 * [[image:Screen Shot 2016-02-13 at 11.47.54 AM.png link="@https://www.google.com/finance"]]Follow the Dow, NASDAQ, S & P and World Markets with Google Finance**


 * The Best Investment Since 1926? It's Apple, //The New York Times// (September 24, 2017)**
 * **Apple has generated more profit for investors than any other American company (exceeding Exxon Mobile in 2017)**
 * **Only 4 percent of all publicly traded stocks account for all the net wealth earned by investors since 1926**
 * **Only 30 stocks account for 30 percent of net wealth generated by stocks in the long term**
 * **Link to Do Stocks Outperform Treasury Bills? Hendrick Bessembinder, 2017**
 * Top 10 Lifetime Wealth Generating Companies
 * Apple
 * Exxon Mobile
 * Microsoft
 * General Electric
 * IBM
 * Altria Group
 * Johnson & Johnson
 * General Motors
 * Chevron
 * Wal Mart


 * What is Wall Street and How does it work?**
 * Click here for a brief video explanation

History of the Stock Market
Check out this timeline of the New York Stock Exchange.
 * In 1792, stocks were traded publicly in New York for the first time, with a group of 24 brokers signing the Buttonwood Agreement and trading three government bonds and two bank stocks. At the time, Philadelphia was the finance capital of the United States.
 * The War of 1812 led to a growth of the stock exchange, as the government issued millions of treasury notes to finance the war.
 * In the 1860s, the Stock Exchange received a building for the first time.
 * **Link to the Stock Market Crash of 1929**
 * **Link to the Financial Crisis of 2008**



Check out this 1887 history of the New York Stock Exchange, which includes the full text of the Buttonwood Agreement.


 * The Buttonwood Agreement was so named because of the tree under which it was signed. See image to the left. **

The NYSE has been using the same bell to open and close the day's trading since 1903. To learn about the history of the bell, click [|here].

In 1967, Muriel Siebert became the first woman to win a seat on the NYSE.
 * Click [|here] to watch a short video about the "First Lady of Wall Street."



The NYSE played an important role in the Stock Market Crash of 1929
 * Click here for a link to an episode of Crash Course US History explaining how the stock market crashed.
 * ** See Standard USII.13 for more details about that and the ensuing Great Depression. **

In 1970, Joseph L. Searles III became the first African-American to trade on the floor of the New York Stock Exchange.

Searles was a former NFL player who did not have much experience in finance, but wished to break the color barrier in Wall Street, so that one day African-Americans would be commonly represented among the economic elite..

Searles was not actually the first African-American member of the exchange - that distinction belongs to Clarence B. Jones, who became a member in 1967 but did not trade on the floor of the exchange.

====For more on financial markets and stocks, Economics 2.11====