Happy Birthday to NYSE

On this day in 1792, 24 brokers, merchants, and auctioneers gathered under a buttonwood tree in Manhattan's Castle Garden (now Battery Park) and signed a very brief document known as the Buttonwood Agreement. A quarter century later it was incorporated as the New York Stock and Exchange Board, four of the original signatories were still involved. Two centuries later The Market has gotten rather more complex, to the embarrassment of thousands who clearly didn't understand what they were doing recently. One wonders if they should find a buttonwood tree and move back into the park.

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James A. Restucci is the author of this blog. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 Internal License.

2 Responses to Happy Birthday to NYSE

  1. AvatarLibby says:

    I’m for them finding that buttonwood tree and moving back into the park.

  2. AvatarTVNews says:

    Only if the buttonwood tree has high speed internet access.