Econ Timeline

  • Alexander Hamilton

    Alexander Hamilton
    Alexander Hamilton sold debt to Wall Street.
  • Investment Born

    Investment Born
    Bonds issued after Revolutionary War. These become the first publicly traded securities, marking the birth of the U.S. investment markets.
  • Burron Agreement

    Brokers meet to sign Burron Agreement stating the rules of a security transaction
  • The Buttonwood Tree

    The Buttonwood Tree
    Merchants and brokers began to gather on Wall Street under a tree to sign an agreement to trade secutities on a commission basis.
  • AMEX

    American Stock Exchange started, known as "Curb Exchange".
  • Civil War

    Civil War
    Civil War begins making trade of securities stop.
  • Death of Abe Lincoln

    Death of Abe Lincoln
    Stocks closed for two weeks for the death of president.
  • Gold

    Gold
    Gold speculation causes Black Friday.
  • Panic of 1873

    A company brokerage firm fails leading to Panic of 1873
  • Closed for 10 days

    Closed for 10 days
    The NYSE closes for ten days as a severe financial panic grips the nation.
  • The telephone

    First telephone was put in a NYSE building.
  • NYSE

    NYSE
    The New York Stock Exchange Clearing House is created to centralize the transfering of securities from one broker to another.
  • Stock Market

    Daily stock market volume reaches 5000 for the first time in history.
  • Moving

    Moving
    NYSE moves to 18 Broad Street
  • Top 100

    The Dow Jones Industrial Average reaches the top 100 for the 1st time.
  • Stocks Shutdown

    Stocks Shutdown
    NYSE closes it's doors for four and a half months.
  • Congress passes Securities Act of 1933

    Congress passes Securities Act of 1933
    The Securities Act of 1933 was "enacted as a result of the market crash of 1929. The legislation had two main goals: (1) to ensure more transparency in financial statements so investors can make informed decisions about investments, and (2) to establish laws against misrepresentation and fraudulent activities in the securities markets"
  • Open to the public

    Open to the public
    NYSE opens its trading floor to the public.
  • Add Women

    Not only men now in this business. Women are now on the Stock Exchange floor.
  • NASDAQ

    NASDAQ
    Creation of NASDAQ, changing the game of the stock market.