Archive for the 'Stock market' Category

HIGHLIGHTS OF PAST NEWS HEADLINES

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NANCY LYONS

                              associated-press-news

posted by Bob Karm in AIRCRAFT,American Revolution,ANNIVERSARY,Aviation,HISTORY,Leaders,Stock market and have No Comments

RECAP OF PAST NEWS HIGHLIGHTS

todayinhistory

Ross-ap-3
Ross Simpson

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posted by Bob Karm in ANNIVERSARY,Civil rights,HISTORY,POLITICAL,President,Scandal,SPORTS,Stock market and have No Comments

ON THIS DAY, 83 YEARS AGO

black tuesday

great-depression-bank-failure

The Great Depression began with the crash of the Wall Street stock market
and had a severe worldwide economical effect in the decade preceding
World War ll. Unemployment in the U.S. rose to 25%, and in some countries
rose as high as 33%. The negative effect of the Great Depression lasted
until the end of the war.

U139066ACME

dad a job

posted by Bob Karm in ANNIVERSARY,Crisis,Fincncial,Government,HISTORY,NEWSPAPER,Stock market and have No Comments

BANKERS’ PANIC BEGAN ON THIS DAY IN 1907

1907_Panic

A large crowd gathers on Wall Street during the bank panic

The Panic of 1907 was a financial crisis that occurred when the New York Stock
Exchange fell close to 50% from its peak the previous year. This was during a
time of economic recession, resulting in numerous runs on banks and trust
companies. The 1907 panic eventually spread throughout the nation when
many state and local banks and businesses entered bankruptcy. The crisis
was triggered by the failed attempt in to corner the market on stock of the
United Copper Company and a loss of confidence among depositors.

bank panic

panic of 1907 book

posted by Bob Karm in ANNIVERSARY,Fincncial,HISTORY,Stock market and have No Comments

STOCK EXCHANGE BEGAN ON THIS DATE 1792


INTERIOR OF NY STOCK EXCHANGE 

The origin of the NYSE can be traced to May 17, 1792, when the Buttonwood
Agreement was signed by 24 stock brokers outside of 68 Wall Street in New
York under a sycamore (or Buttonwood) tree on Wall Street which earlier was
the site of a stockade fence.The organization drafted its constitution on March
8, 1817, and named itself the "New York Stock & Exchange Board". In 1863,
this name was shortened to its modern form, "New York Stock Exchange".

Buttonwood
Depiction of stock brokers under the sycamore tree.

posted by Bob Karm in ANNIVERSARY,HISTORY,Stock market and have Comment (1)