Happy Birthday NYSE

The world’s leading stock exchange can trace it’s origins to this day in 1792 and a humble buttonwood tree on Wall St.

Wall St. itself has an interesting history and is quite literal indeed. The first iteration was a picket fence used to denote boundaries for plots of land, later versions were actual fortifications used to protect the New Amsterdam settlement’s northern border from native tribes, New England colonists, the British, and wild pigs.

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 buttonwood tree on Wall Street which earlier was the site of a stockade fence. On March 8, 1817, the organization drafted a constitution and renamed itself the “New York Stock & Exchange Board”. (This name was shortened to its current form in 1863.) Anthony Stockholm was elected the Exchange’s first president. (For other presidents, see List of presidents of the New York Stock Exchange.)

[From New York Stock Exchange – Wikipedia, the free encyclopedia]