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WALL STREET - Trading History
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New York Stock Exchange
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http://memory.loc.gov/pnp/gsc/5a12000/5a12000/5a12096r.jpg Buttonwood Agreement - May 1792 (http://memory.loc.gov/pnp/gsc/5a12000/5a12000/5a12096r.jpg)

1602 - Shares of Dutch East India Company (Vereenigde Oost-Indische Compagnie - V.O.C.) began trading on Amsterdam stock exchange (States-General of the Netherlands sponsored creation of single "United East Indies Company", granted 21-year monopoly over Asian trade; empowered to build forts, maintain armies, conclude treaties with Asian rulers; financial accounting only at end of each decade); first multinational corporation in world, first company to issue stock; beginning of trading in global equities.

1609 - Isaac le Maire, 8 others founded Grote Compagnie, secret company to trade in shares of Vereenigde Oost-Indische Compagnie, company with monopoly patent on trade via Cape of Good Hope, Strait of Magellan, only known routes to Indies; sold VOC shares short = original short-seller (Le Maire had been merchant for the Vereenigde Oostindische Compagnie, became largest shareholder in 1602 when all Dutch trading companies merged into VOC; forced out in 1605 over rumors that he did not submit receipts to share costs); 1610 - States-General of the Netherlands prohibited short sales of VOC stock; 1610-1611 - VOC stock rose about 200%; Le Maire suffered big losses; many members of his company went bankrupt; Le Maire left Amsterdam; 1614 - founded Austraalse Compagnie to discover passage from Atlantic to Pacific Ocean (outside VOC trading monopoly); discovered passage around Cape Horn, ships confiscated in breach of VOC patent; 1619 - court ruled ship unlawfully seized; 1621 - Dutch West India Company established, awarded monopoly patent on travels through Strait of Magellan, other routes region (contrary to rights granted to Austraalse Compagni); 1622 -Le Maire published his son's discoveries; court ruled that Austraalse Compagnie not allowed to trade in Indian region, did have right to travel across newly discovered route around Cape Horn; 1644 - decision upheld.

Isaac le Maire - first short-seller (http://www.christenhistorici.nl/photoshow.php?id=804&type=thumb)

May 17, 1792 - Twenty-four traders gathered under buttonwood tree at 68 Wall Street in lower Manhattan to set conditions, regulations of speculative market (Peter Anspach, Armstrong & Barnewall, Andrew D. Barclay, Samuel Beebe, G. N. Bleecker, Leonard  Bleecker, John Bush, John Ferrers, Isaac M. Gomez, John A. Hardenbrook, Bernard Hart, Ephraim Hart, John Henry, Augustine H. Lawrence, Samuel March, Charles McEvers Jr., Julian McEvers, David Reedy, Robinson & Hartshorne, Benjamin Seixas,  Hugh Smith, Sutton & Hardy, Benjamin Winthrop, Alexander Zuntz); resulted in Buttonwood Agreement - two-sentence contract gave birth, in 1817, to New York Stock & Exchange Board (renamed New York Stock Exchange in 1863); established stricter rules, parameters to more effectively govern trading (previously speculators had conducted auctions twice a day in various locations, including street corners and coffeehouses); Bank of New York - first corporate stock traded.

March 3, 1801 - "The Stock Exchange" in London (known since 1773 as "New Jonathan's", dealing room on ground floor and coffee room above in building in Sweeting's Alley) reopened under formal membership subscription basis; first regulated exchange in London, birth of modern Stock Exchange.

1817 - Brokers formalized arrangement, created New York Stock & Exchange Board with rented rooms on Wall Street; constitution specified appropriate business conduct.

March 16, 1830 - New York Stock Exchange slowest day ever (31 shares traded).

October 25, 1861 - Toronto Stock Exchange created.

September 11, 1862 - Forty members organized San Francisco Stock and Exchange Board (adopted by-laws, elected officers) as marketplace for mining company stocks after Comstock Lode strike, first mining exchange; rented room in Montgomery Block; J. B. E. Cavallier President.

January 4, 1865 - New York Stock Exchange (NYSE) opened first Corinthian-style structure permanent headquarters at 10-12 Broad near Wall Street in New York City; 1903 - more spacious quarters opened at 18 Broad Street; trading floor still used today.

December 9, 1865 - New York Stock Exchange opened in new home at 10-12 Broad Street in lower Manhattan.

November 15, 1867 - First stock 'ticker' unveiled (name of sound its type wheel made); idea of Edward A. Calahan, of Gold & Stock Telegraph Company (configured telegraph machine to print stock quotes on streams of paper tape); March 31, 1868 - Calahan received a patent for an "Improvement in Telegraph Indicators" ("for the prices of gold, stocks, etc....consists of a transmitting-instrument formed as a disk, upon which are marked the signals, numbers or words to be pointed out"); April 21, 1868 - received second patent or an "Improvement in Printing-Telegraphs" ("for Registering Gold, Stocks, etc....intended to accomplish...a correct record of various fluctuations in the price of gold, stocks, and articles of trade, and to have these fluctuations simultaneously and periodically denoted and registered at the various centers of business connecting with one central transmitting station"); assigned to Gold & Stock Telegraph Company; November 9, 1869 - Thomas Edison received patent for an "Electrical Printing Instrument" ("Improvement in Printing-Telegraph Apparatus"); easier-to-use version of Calahan's ticker, Edison's first lucrative invention; eventually replaced by computerized tickers with electronic displays. 

1868 - Membership on NYSE held as valuable property; seats limited to 1,366; new members must buy seats from existing members. 

October 23, 1869 - New York Stock Exchange put memberships up for sale for first time in seventy-seven-year history.

November 1, 1871 - NYSE passed stern law forbidding members from "dealing with" non-members in "rooms of Exchange;" punishment for infraction was suspension lasting anywhere from sixty days to one year.

June 4, 1875 - Pacific Stock Exchange opened.

May 15, 1878 - Tokyo Stock Exchange formed; first public trading institution in Japan; April 1, 1949 - Tokyo Stock Exchange, in current form, founded; January 31, 2007 - TSE, NYSE agreed on alliance on technology, investment products, more.

November 13, 1879 - New York Stock Exchange installed telegraph, phone lines.

September 18, 1882 - 19 brokers signed charter, deposited $50 each, organized Local Security Board to trade in stocks and bonds of corporations other than mining shares; John Perry, Jr., President; October 2, 1882 - renamed San Francisco Stock and Bond Exchange; March 1883 - daily list of quotations, transactions first printed; September 1, 1883 - total business in first year $9,490,621; January 2, 1957 - merged with Los Angeles Oil Exchange (organized December 1899), renamed Pacific Stock Exchange; 1973 - renamed Pacific Stock Exchange; 1997 - renamed Pacific Exchange; May 26, 2001 - trading floor closed, transferred to electronic format, Archipelago Exchange; September 27, 2005 - acquired by Archipelago Holdings for $40 million, 10.8% equity stake.

December 15, 1886 - Record 1.2 million shares changed hands in frantic trading.

May 26, 1896 - Charles Dow first published Dow Jones Industrial Average of dozen 'smokestack' company stocks: American Cotton Oil, American Sugar, American Tobacco, Chicago Gas, Distilling & Cattle Feeding, General Electric, Laclede Gas, National Lead, North American (utility), Tennessee Coal & Iron, U.S. Leather (preferred), U. S. Rubber; 1884 - Charles Dow's initial stock average contained 11 stocks (9 railroad stocks) appeared in "Customers' Afternoon Letter", daily, 2-page financial news bulletin (precursor of the Wall Street Journal); October 4, 1916 - list of 20 industrial stocks (all common shares) replaced previous list of 12; October 1, 1928 - Dow Jones Industrial Average 30 began, expanded from 20 to 30 stocks; divisor (16.67) introduced to adjust for effects of stock splits, stock distributions, stock substitutions.

October 7, 1896 - Dow Jones began reporting average of prices of 12 industrial stocks in Wall Street Journal.

May 28, 1897 - Dow Jones Industrial Average (12 stocks) moved up for 14 trading days in row (through June 14); total gain of 3.75 points, 9.56%, closed at 42.96; longest streak in history.

Dow Jones 1900-2009

(http://external.globalfinance.net/Charts/DJIA_1900_2009.jpg)

March 29, 1900 - Louis Jean-Baptiste Alphonse Bachelier, French mathematician, published 'Theorie de La Speculation'; argued that markets were essentially random (could not be forecast accurately); father of financial mathematics.

Louis Jean-Baptiste Alphonse Bachelier - Randomness (http://www.gap-system.org/~history/Thumbnails/Bachelier.jpg)

September 9, 1901 - Workers laid cornerstone for new NYSE building at 18 Broad Street; 1903 - building completed (still open today); new quarters included trading floor over twice size of predecessor.

November 9, 1903 - Panic of 1903 reached nadir--Dow dropped to 42.15 as stocks of industrial companies plunged to single-digit lows; known as "Rich Man's Panic"; fiscal crisis dragged on for rest of year, took  severe toll on banks, steel and iron producers.

1904 - National Quotation Bureau began as paper-based, inter-dealer quotation service; linked competing market makers in OTC securities across country; Pink Sheets, Yellow Sheets - central resource for trading information in OTC stocks and bonds.

January 12, 1906 - Dow Jones Average closed above 100 for first time.

1908 - American Stock Exchange traced roots to traders officially organized as New York Curb Agency; 1921 - moved indoors.

July 31, 1914 - Treasury Secretary William McAdoo closed New York Stock Exchange; protected stock of gold in U.S., gave young Federal Reserve System chance to get organized (opened on November 16, 1914); set foundation for shift away from pound sterling to dollar as international reserve currency after World War I; concerned that sellers, mainly British and French, would convert dollar proceeds to gold, ship it to Europe to finance war efforts, effectively wipe out U.S. gold stock (young Federal Reserve would have nothing to back its note issue, diminish its credibility as central bank); insisted that U.S. remain on gold standard while everybody else but England was going off of it; signaled that U.S. determined to honor its foreign debt, prevent massive devaluation of dollar; set foundation for shift away from pound sterling to dollar as international reserve currency after World War I (contrast with popular belief that Governing Board of NYSE initiated closure of exchange in face of massive sell-off in shares to protect share prices).

November 28, 1914 - New York Stock Exchange, closed since July, re-opened for bond trading with set of restrictions designed to keep markets from crumbling during war.

December 1, 1914 - San Francisco Stock & Bond Exchange became first U.S. exchange to re-open after nation's markets temporarily shut down to safeguard against debilitating bear run with outbreak of World War I.

December 12, 1914 - Dow Jones Industrial Average suffered worst percentage drop in history (since first published in 1896) - 24.39% - on first day of trading in more than four months (New York Stock Exchange had shut down when World War I began in July); DJIA dropped 40% late 1916 to early 1917.

December 15, 1914 - NYSE re-opened with tight set of trading restrictions designed to prevent fiscal disaster.

November 29, 1918 - New York Stock Exchange Building Co. acquired nearby Mortimer Building (fifteen years after NYSE moved into new offices at 18 Broad Street); 1922 - Exchange opened new offices in  twenty-three-story tower, featured extra trading space, dubbed the "garage."

January 2, 1919 - New York Stock Exchange installed separate ticker to track bond trading.

October 2, 1922 - New York Stock Exchange opened new offices, eleven-story building at 11 Wall Street.

1923 - Standard and Poor's developed first stock market indicators; covered 26 industry groups, 233 companies; introduced base-weighted aggregate technique to gauge stock market performance; 1926 - created 90 Stock Composite Price Index, comprised 50 Industrials, 20 Rails, 20 Utilities; base period of 1926=100, calculated and published weekly; historical values available to 1918; "233", industry group indices re-based to 1926=100, calculated and published weekly; 1928 - 90 Stock Composite Price Index calculated, published daily; 1941 - "233" grew o 416, comprised 72 industry sub-groups; "416", 90 Stock Composite re-based to 1935-39=100; 1957 - "416" became Standard & Poor's 500 Composite Stock Price Index; introduced computers, permitted "500" to be calculated, disseminated at one-minute intervals throughout trading day; new "500" linked to 90 Stock Composite Price Index; daily S&P 500 Index prices available to 1928; "500" consisted of 425 Industrials, 60 Utilities, 15 Rails; base period of 1941-43=10.

May 13, 1927 - "Black Friday" on Berlin Stock Exchange.

October 1, 1928 - Dow Jones Industrial Average expanded from 20 to 30 stocks.

May 21, 1929 - Sutro and Company of New York City put automatic electric stock quotation board into operation.

August 9, 1929 - Brokers' loans set record for fourth successive week, passed $6,000,000,000 mark for first time; directors of Federal Reserve Bank of New York advanced rediscount rate from 5% (level held since July 13, 1928) to 6%; August 10 - Dow dropped 14.11 points to close at month-long low of 337.99; record-setting run had lasted over a year.

September 3, 1929 - Dow Jones Industrial Average closed at pre-Crash high of 381.17.

October 29, 1929 (Black Tuesday) - Stock prices collapsed on New York Stock Exchange amid panic selling; most disastrous trading day in stock market's history; billions of dollars in open market values, thousands of investors, wiped out as prices crumbled under pressure of liquidation of securities which had to be sold at any price; estimated that 880 issues on New York Stock Exchange lost between $8,000,000,000 and $9,000,000,000 plus depreciation on issues on Curb Market, in over the counter market, on other exchanges; leading stocks rallied in final fifteen minutes of trading in measurable snapback from lows: American Can gained 10; United States Steel common, 7 1 /2, General Electric, 12; New York Central, 14 1/2, Anaconda Copper, 9 1/2; Chrysler Motors 5 1/4; Montgomery Ward, 4 1/4 and Johns Manville, 8; collapse started Thursday, October 24, when 12,800,000 shares traded on Exchange; storm broke again on Monday across board in every industry, followed tremendous trading of 16,410,030 shares on Tuesday.

February 2, 1932 - Federal Reserve announced ban on bank loans for margin trades.

July 8, 1932 - Stock market fell to lowest point during Depression (41.22).

1935 - FT-30 index founded; 2007 - only three companies from original FT-30 index still listed (GKN, ICI, Tate & Lyle).

October 31, 1938 - New York Stock Exchange unveiled fifteen-point program aimed to upgrade protection for investing public, restore confidence.

April 1942 - Sidney B. Wachtel, international financial economist for U.S. Treasury Department, published "Certain Observations on Seasonal Movements in Stock Prices" (p. 184) in Journal of Business (published by University of Chicago Press); coined term "January Effect", theory that American stock prices rise more in January than any other month; 1961 - founded Wachtel & Co., Washington-based investment. brokerage firm.

May 16, 1949 - Nikkei Stock Average published (price-weighted average of 225 top-rated Japanese companies listed in First Section of Tokyo Stock Exchange); average price was ¥176.21, with divisor of 225.

March 12, 1956 - Dow Jones closed above 500 for first time (500.24).

March 1, 1957 - Standard & Poor's Corporation (Standard Statistics Company merged with Poor's Publishing in 1941) introduced S & P 500 Index (with daily estimates), representative sample of 500 leading companies in leading industries of U.S. economy (predecessor stock market indicator - Standard Statistics Company Average of Stock Prices developed in 1926 = 100); characterized by: 1) approximately 75% of U.S. equities market covered; 2) market capitalization weighted, 3) minimum o $ 4 billion capitalization, 4) at least 50% public float, 5) reconstituted as needed; 1957 - a) 'materials' (steel, aluminum, chemical, paper, mining) biggest industrial sector represented, b) materials, energy = 50% of index value (12% in 2006); c) AT&T largest company - $11.2 billion market capitalization; 1957-2006 - 1) average annual return of 10.83% ($1000 in S & P in 1957 = $168,000 in 2006); 2) best performing company - Altria (old Philip Morris) with 19.88% annual return ($1000 in 1957 = $8.4 million in 2006); 3) 111 companies survived intact (PepsiCola, Coca-Cola, Colgate Palmolive, Heinz, Wrigley, Procter & Gamble, Hershey, Tootsie Roll Industries); 4)  almost 1,000 companies have been added to index as others were dropped (bankruptcies, mergers, corporate changes).

1960 - James Lorie, Lawrence Fischer (University of Chicago Graduate School of Business), with a grant of $ 300,000 from Merrill Lynch, established Center for Research in Securities Prices (CRSP) at University of Chicago (Fischer originated structure of CRSP Master File; 1964 - completed stock market database (estimated to contain between 2-3 million pieces of information); allowed average rate of return on common stocks to be measured for first time (9% on NYSE-listed stocks); enabled rigorous empirical analysis of stock prices, investment theories; allowed maintenance of accurate securities information over time; 1984 - added data from NASDAQ markets (from December 1972); mid 1990s - created only complete database available containing active, inactive mutual funds; 2005 -  released CRSP/Ziman Real Estate Data Series (with Ziman Center at the Anderson School of Business of UCLA); 2006 - released Pre62 database (contained daily data from 1926 - 1962 vs. only monthly data previously available).

February 12, 1970 - Joseph Louis Searles III became first black member of New York Stock Exchange.

February 8, 1971 - Gordon Macklin, president of National Association of Securities Dealers opened NASDAQ (National Association of Securities Dealers Automated Quotations); system went live via cathode-ray terminals to more than 500 market-makers across the U. S. in stocks of 2,500 companies; trading volume of 2.2 billion shares; 1973 - volume twice as big as AMEX; 1983 - topped NYSE in single-day trading volume seven times; 1987 - regulated activities of almost 7,000 broker-dealer members with 400,000 employees; listed 4.500 companies; trading volume of 30 billion shares; 2006 - Nasdaq Stock Market, Inc. (for-profit company separate from NASD) trading volume of 482.3 billion shares (vs. 405.9 billion shares on the NYSE [608.2 billion shares in NYSE composite volume]).

November 14, 1972 - Dow Jones Industrial Average closed above 1,000 for first time, at 1,003.16; International Business Machines, Wall Street's best known glamour issue, moved up 11 1/4 points to 388, its best price of day; American Telephone rose 5/8 to 51 1/2, finishing at its highest price since early 1971; du Pont, up 2 3/8 to 177 3/8, Chrysler, up 1 1/8 to 38 1/8; Polaroid, up 6 to 115, Johnson and Johnson, 5 1/4 to 128 3/4; Disney, 3 3/8 to 189; Motorola, 4 to 121 1/2; ARA Services, 5 3/4 to 142 3/4; Texas Instruments, 6 5/8 to 166, Xerox, 4 3/8 to 151 5/8.

1973 - Derivatives - Fisher Black, Myron Scholes published Black-Scholes Option Pricing Formula in Journal of Political Economy; specified first successful options pricing formula (mathematics of option pricing, dynamic hedging strategies using options and other derivatives); described general framework for pricing derivative securities, created financial engineering; one of most important mathematical tools in modem theory of finance (Black, F. and Scholes, M. [1973]. "The Pricing of Options and Corporate Liabilities". Journal of Political Economy, Vol. 86, p.637). April 26, 1973 - Chicago Board Options Exchange opened for trading (911 contracts on 16 underlying stocks).

1974 - Michael Milken created market for high-yield bond trading; based on research of W. Braddock Hickman, former president of the Federal Reserve Bank of Cleveland (Corporate Bond Quality and Investor Experience, Princeton, NJ: Princeton University Press, 1958) - corporate default history 1900-1943: diversified long-term portfolio of non-investment-grade debt securities outperformed portfolio of investment-grade debt, with the same level of risk.

May 1, 1975 - New York Stock Exchange abolished fixed commissions per share on trades in favor of  negotiated commission rate structure; wrought havoc on brokerage firm revenue-generating prospects.

1977 - LBOs - Kohlberg Kravis Roberts & Co. (formed in May 1, 1976 by former Bear Stearns executives Jerome Kohlberg, Henry Kravis, George Roberts) financed $26 million leveraged buyout of A.J. Industries, publicly-traded small manufacturer of brake drums and other components (66% leverage financed with senior bank debt); firms' first deal; couldn't persuade anyone to provide subordinated debt (first LBO done in 1963 - Lewis B. Cullman acquired Orkin Exterminating for $62.4 million with a $1,000 investment); May 14, 1979 - acquired Houdaille Industries in $355 million buyout; first public-to-private transaction (leveraged buyout of a publicly traded company); took almost one year to raise $355 million from several banks, insurance companies for deal with 86% leverage financed by multi-layered array of senior, subordinated securities.

1977 - Securitization - Salomon Brothers (Lewis S. Ranieri) and Bank of America Corp. (BAC ) developed first private (non-Government Sponsored Enterprise) mortgage-backed securities (MBS); bonds pooled thousands of mortgages, passed homeowners' payments through to investors (only 15 states recognized MBS as legal investments); created "securitization," converting of home loans into bonds that could be sold anywhere in world = capital markets as source of funds for housing, commercial real estate; 1982 - developed "collateralized mortgage obligation" (repackaged pools of 30-year mortgages into collections of 2-, 5-, and 10-year bonds to sell to wide range of investors; seen as template for cutting costs); led effort to obtain federal legislation to support, build the market (Tax Reform Act of 1986); 1999 - size of market was $678 billion (41.6% credit card receivables, 19.8% home equity loans, 11.8% auto loans); 2008 - size of market $531.2 trillion. (see graph below).

April 1977 - Junk Bonds - Drexel Burnham underwrote first junk bond issue, Texas International;  end of 1978 - Drexel number one issuer; used financial innovation as low-cost solution to raising capital; created high-yield new-issue bond market; 1981 - issued bonds for leveraged buyouts; 1983 - provided junk bond financing for hostile takeovers (leveraged buyouts taken against incumbent directors’ will); March 1985 - completed first junk bond-financed hostile takeover.

August 12, 1982 - Bull Run of 1980s began, from level of 776.92 on Dow, five-year run to 3000 point barrier; 1987 - 500-point crash.

February 24, 1983 - Dow Jones closed above 1100 mark for first time.

January 3, 1984 - FTSE International, joint venture of London Stock Exchange and The Financial Times (subsidiary of Pearson), compiled FTSE-100, capitalization-weighted index of 100 most highly capitalized traded companies (base level of 1000)July 1, 2009-September 30, 2009 - best quarter in its 25-year history. 

February 13, 1985 - Dow Jones closed at 1297.92 (record high) after topping 1300 earlier.

January 8, 1987 - The Dow Jones industrial average closed above 2,000 for first time, ended at 2,002.25.

April 21, 1987 - Dow Jones Industrial Average soared 664.7; second biggest one-day gain in history.

March 12, 1987 - Dow Jones Industrial Average added Coca-Cola, Boeing Company; dropped Inco Ltd., Owens-Illinois Glass.

July 17, 1987 - Dow Jones closed above 2,500 (2,510.04) for first time.

August 13, 1987 - Wall Street celebrated five-year anniversary of dawn of Bull Run by shortly surging past 2,700-point mark; Dow Jones Industrial Average closed at 2,691.49; August 17, 1987 - closed above 2,700 for first time (2,700.57).

August 21, 1987 - Bull run topped out at then-unprecedented 2772.4 points.

October 19, 1987 - Stock market crashed; Dow Jones Industrial Average plunged 508 points (22.6%) -   second biggest percentage drop; 604 million share volume, nearly doubled record; tape 2 hours late.

January 29, 1989 - Dow jumped 38.06 recouped 508-pt loss since Oct 1987; index at 2,256.43.

April 17, 1991 - Dow Jones industrial average closed above 3,000 for first time.

October 30, 1991 - BET Holdings Inc. became first African-American company listed on New York Stock Exchange.

February 23, 1995 - Dow Jones closed above 4,000 for first time (4,003.33).

November 21, 1995 - Dow Jones industrial average closed above 5,000 for first time.

December 15, 1995 - Big Board trading hit record: 652.8 million shares traded, topped old mark of 608.2 million shares set on October 20, 1987.

October 14, 1996 - Dow Jones Industrial Average gained 40.62 to 6,010.00; closed above 6,000 for first time.

November 25, 1996 - Dow charged past 6,500 for first time in history (confidence in dollar, dwindling interest rates on U.S. Treasury Bonds).

February 13, 1997 - Dow Jones industrial average broke 7,000 barrier for first time, closed at 7,022.44.

October 27, 1997 - By 2:00 P.M., Dow had dropped 323.42 points; Wall Street invoked "circuit-breaker rules" (passed in wake of 1987 crash); mandated trading halts or "cooling off" periods to be invoked when  market dropped so many points that it seemed headed for disaster; October 28, 1997 - Dow surged to record gain of 337.1 points.

November 24, 1997 - Dow dropped 554.26 points, New York Stock Exchange officials invoked the "circuit breaker" rule for first time; halted trading;  subsequent changes to "circuit breaker" rules ensured that trading halts only implemented when Dow Jones industrial average dropped by at least 10-20%.

April 3, 1998 -Dow Jones industrial average climbed above 9,000 for first time.

March 29, 1999 - Dow Jones industrial average closed above 10,000 for first time, at 10,006.78.

December 29, 1999 - Nasdaq composite index closed above 4,000 for first time, ended at 4,041.46.

January 14, 2000 - Dow Jones Industrials closed at an all-time high, 11,722.98.

March 10, 2000 - NASDAQ Composite Index traded to intraday high of 5132.52, closed at 5048.62, peak of Internet bubble; October 2002 -  hit low of 1108, loss of 78%.

(source: http://bigpicture.typepad.com/comments/images/wsj_infonasbubble0503_3.gif)

August 28, 2000 - New York Stock Exchange began listing prices of seven stocks in dollars and cents; previously all stock quoted in fractions.

September 17, 2001 - Wall Street trading resumed for first time since Sept. 11 terrorist attacks - longest shutdown since Depression; Dow lost 684.81 points, worst-ever one-day point drop.

September 17, 2003 - New York Stock Exchange chairman Dick Grasso resigned amid furor over his $139.5 million pay package.

March 8, 2006 - New York Stock Exchange went public.

October 19, 2006 - Dow Jones Industrial Average closed above 12,000 for first time in history (12011.73, up 19.05).

April 25, 2007 - Dow Jones Industrial Average closed above 13,000, at 13,089.89, for first time, up 135.95 on volume of more than 250 million shares.

July 19, 2007 - Dow Jones Industrial Average closed above 14,000 for first time in history, at 14,000.41.

October 9, 2007 - S&P 500 traded to record high, 1,565.15.

November 5, 2007 - PetroChina, subsidiary of China's state-owned China National Petroleum, first half 2007 revenues less than one-third of Exxon Mobil, debuted on Shanghai Stock Exchange (13% of available float), tripled in price, became most valuable company in corporate history with market capitalization in excess of $1 trillion.

20-year winners (October 19, 1987 - October 18, 2007) - Twenty stocks in S&P 1,500 index that delivered highest total return over 20 years, since 1987 stock market crash.

Company 20-year total return* Business
International Game Technology 35,080% Casino gaming systems
UnitedHealth Group 32,984 Health maintenance organization
Jack Henry & Assoc. 22,811 Computer systems for financial institutions
NBTY 20,451 Nutritional supplements (Nature's Bounty)
WMS Industries 19,060 Gaming, lottery machines
Kansas City Southern 17,201 Railroad
Fastenal 17,199 Distributes industrial supplies
Oracle 13,290 Business software
Weatherford Intl. 12,923 Oil field services
Micros Systems 12,876 Computer systems for hospitality
Jefferies Group 12,846 Investment banking
Best Buy 12,283 Electronics retailer
Eaton Vance 12,202 Mutual funds
Harley Davidson 12,055 Motorcycles
Sierra Health Services 11,770 Managed health care
Expeditors International 11,454 Transportation logistics
Microsoft 11,447 Software
Amgen 11,424 Biotechnology
Clear Channel Communications 11,219 Broadcasting

*Includes share-price appreciation plus dividends from Oct. 19, 1987, through Wednesday. Returns are adjusted for splits and spin offs. Source: FactSet Research Systems, SF Chronicle research; http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2007/10/18/BUODSRIN6.DTL&type=printabletrillion.

STOCK MARKET RETURNS: Annual Returns on Stock, T. Bonds and T. Bills: 1928 - Current (raw data from St. Louis Federal Reserve data site)

 

Annual Returns on Investments in Compounded Value of $ 100
Year Stocks T.Bills T.Bonds
Stocks
T.Bills
T.Bonds
1928 43.81% 3.08% 0.84%
$ 143.81
$ 103.08
$ 100.84
1929 -8.30% 3.16% 4.20%
$ 131.88
$ 106.34
$ 105.07
1930 -25.12% 4.55% 4.54%
$ 98.75
$ 111.18
$ 109.85
1931 -43.84% 2.31% -2.56%
$ 55.46
$ 113.74
$ 107.03
1932 -8.64% 1.07% 8.79%
$ 50.66
$ 114.96
$ 116.44
1933 49.98% 0.96% 1.86%
$ 75.99
$ 116.06
$ 118.60
1934 -1.19% 0.30% 7.96%
$ 75.09
$ 116.41
$ 128.05
1935 46.74% 0.23% 4.47%
$ 110.18
$ 116.68
$ 133.78
1936 31.94% 0.15% 5.02%
$ 145.38
$ 116.86
$ 140.49
1937 -35.34% 0.12% 1.38%
$ 94.00
$ 117.00
$ 142.43
1938 29.28% 0.11% 4.21%
$ 121.53
$ 117.12
$ 148.43
1939 -1.10% 0.03% 4.41%
$ 120.20
$ 117.16
$ 154.98
1940 -10.67% 0.04% 5.40%
$ 107.37
$ 117.21
$ 163.35
1941 -12.77% 0.02% -2.02%
$ 93.66
$ 117.23
$ 160.04
1942 19.17% 0.33% 2.29%
$ 111.61
$ 117.62
$ 163.72
1943 25.06% 0.38% 2.49%
$ 139.59
$ 118.06
$ 167.79
1944 19.03% 0.38% 2.58%
$ 166.15
$ 118.51
$ 172.12
1945 35.82% 0.38% 3.80%
$ 225.67
$ 118.96
$ 178.67
1946 -8.43% 0.38% 3.13%
$ 206.65
$ 119.41
$ 184.26
1947 5.20% 0.38% 0.92%
$ 217.39
$ 119.87
$ 185.95
1948 5.70% 0.95% 1.95%
$ 229.79
$ 121.01
$ 189.58
1949 18.30% 1.16% 4.66%
$ 271.85
$ 122.41
$ 198.42
1950 30.81% 1.10% 0.43%
$ 355.60
$ 123.76
$ 199.27
1951 23.68% 1.34% -0.30%
$ 439.80
$ 125.42
$ 198.68
1952 18.15% 1.73% 2.27%
$519.62
$ 127.59
$ 203.19
1953 -1.21% 2.09% 4.14%
$ 513.35
$ 130.25
$ 211.61
1954 52.56% 1.60% 3.29%
$ 783.18
$ 132.34
$ 218.57
1955 32.60% 1.15% -1.34%
$ 1,038.47
$ 133.86
$ 215.65
1956 7.44% 2.54% -2.26%
$ 1,115.73
$ 137.26
$ 210.79
1957 -10.46% 3.21% 6.80%
$ 999.05
$ 141.66
$ 225.11
1958 43.72% 3.04% -2.10%
$ 1,435.84
$ 145.97
$ 220.39
1959 12.06% 2.77% -2.65%
$ 1,608.95
$ 150.01
$ 214.56
1960 0.34% 4.49% 11.64%
$ 1,614.37
$ 156.75
$ 239.53
1961 26.64% 2.25% 2.06%
$ 2,044.40
$ 160.28
$ 244.46
1962 -8.81% 2.60% 5.69%
$ 1,864.26
$ 164.44
$ 258.38
1963 22.61% 2.87% 1.68%
$ 2,285.80
$ 169.16
$ 262.74
1964 16.42% 3.52% 3.73%
$ 2,661.02
$ 175.12
$ 272.53
1965 12.40% 3.84% 0.72%
$ 2,990.97
$ 181.84
$ 274.49
1966 -9.97% 4.38% 2.91%
$ 2,692.74
$ 189.81
$ 282.47
1967 23.80% 4.96% -1.58%
$ 3,333.69
$ 199.22
$ 278.01
1968 10.81% 4.97% 3.27%
$ 3,694.23
$ 209.12
$ 287.11
1969 -8.24% 5.96% -5.01%
$ 3,389.77
$ 221.59
$ 272.71
1970 3.56% 7.82% 16.75%
$ 3,510.49
$ 238.91
$ 318.41
1971 14.22% 4.87% 9.79%
$ 4,009.72
$ 250.55
$ 349.57
1972 18.76% 4.01% 2.82%
$ 4,761.76
$ 260.60
$ 359.42
1973 -14.31% 5.07% 3.66%
$ 4,080.44
$ 273.81
$ 372.57
1974 -25.90% 7.45% 1.99%
$ 3,023.54
$ 294.21
$ 379.98
1975 37.00% 7.15% 3.61%
$ 4,142.10
$ 315.24
$ 393.68
1976 23.83% 5.44% 15.98%
$ 5,129.20
$ 332.39
$ 456.61
1977 -6.98% 4.35% 1.29%
$ 4,771.20
$ 346.85
$ 462.50
1978 6.51% 6.07% -0.78%
$ 5,081.77
$ 367.91
$ 458.90
1979 18.52% 9.08% 0.67%
$ 6,022.89
$ 401.31
$ 461.98
1980 31.74% 12.04% -2.99%
$ 7,934.26
$ 449.63
$ 448.17
1981 -4.70% 15.49% 8.20%
$ 7,561.16
$ 519.28
$ 484.91
1982 20.42% 10.85% 32.81%
$ 9,105.08
$ 575.62
$ 644.04
1983 22.34% 7.94% 3.20%
 11,138.90
$ 621.32
$ 664.65
1984 6.15% 9.00% 13.73%
 11,823.51
$ 677.24
$ 755.92
1985 31.24% 8.06% 25.71%
 15,516.60
$ 731.83
$ 950.29
1986 18.49% 7.10% 24.28%
 18,386.33
$ 783.79
$ 1,181.06
1987 5.81% 5.53% -4.96%
 19,455.08
$ 827.13
$ 1,122.47
1988 16.54% 5.77% 8.22%
 22,672.40
$ 874.86
$ 1,214.78
1989 31.48% 8.07% 17.69%
 29,808.58
$ 945.46
$ 1,429.72
1990 -3.06% 7.63% 6.24%
 28,895.11
$ 1,017.59
$ 1,518.87
1991 30.23% 6.74% 15.00%
 37,631.51
$ 1,086.18
$ 1,746.77
1992 7.49% 4.07% 9.36%
40,451.51
$ 1,130.39
$ 1,910.30
1993 9.97% 3.22% 14.21%
 44,483.33
$ 1,166.79
$ 2,181.77
1994 1.33% 3.06% -8.04%
 45,073.14
$ 1,202.49
$ 2,006.43
1995 37.20% 5.60% 23.48%
 61,838.19
$ 1,269.83
$ 2,477.55
1996 23.82% 5.14% 1.43%
 76,566.48
$ 1,335.10
$ 2,512.94
1997 31.86% 4.91% 9.94%
100,958.71
$ 1,400.65
$ 2,762.71
1998 28.34% 5.16% 14.92%
129,568.35
$ 1,472.93
$ 3,174.95
1999 20.89% 4.39% -8.25%
156,629.15
$ 1,537.59
$ 2,912.88
2000 -9.03% 5.37% 16.66%
142,482.69
$ 1,620.16
$ 3,398.03
2001 -11.85 5.73% 5.57%
125,598.83
$ 1,712.99
$ 3,587.37
2002 -21.98 1.80% 15.12%
 97,996.61
$ 1,743.82
$ 4,129.65
2003 28.41% 1.80% 0.38%
125,838.91
$ 1,775.21
$ 4,145.15
       
Risk Premium
 
Arithmetic Average        
Stocks - T.Bills
Stocks - T.Bonds
1928-2003 11.82% 3.90% 5.28%  
7.92%
6.54%
1963-2003 12.10% 6.01% 7.40%  
6.09%
4.70%
1993-2003 12.63% 4.20% 7.76%  
8.43%
4.87%
       
Risk Premium
 
Geometric Average        
Stocks - T.Bills
Stocks - T.Bonds
1928-2003 9.85% 3.86% 5.02%  
5.99%
4.82%
1963-2003 10.82% 5.97% 7.00%  
4.85%
3.82%
1993-2003 10.87% 4.19% 7.30%  
6.68%
3.57%

(http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/histretSP.html)

October 9, 2007 - Stock market's all-time high; total value of all stocks covered by Dow Jones Wilshire 5000 = just over $19.1 trillion; October 8, 2008 - total value = about $11.7 trillion, down $7.4 trillion (about 40).

December 31, 2007 - Dow Jones Industrial Average closed at 13,264.82, an annual increase of 6.43% (vs. 16.29% jump in 2006; 6.3% down from all-time high October 2007); S&P 500 index (companies with median market value of $12.8 billion) closed at 1468.36, an annual gain of 3.53%, up 10% excluding financial stocks (6.2% below record close on October 9, 2007; down 3.8% in fourth quarter, first for any fourth quarter in seven years; up 67% since 2002; first November/December decline since 1974); Russell 2000 closed at 766.03, down 2.8% in 2007 (first loss in five years, underperformed S&P 500 for first time since 1998); Nasdaq closed at 2652.28, up 9.81% for the year (down 7.2% from record high in October 2007); Dow Jones Wilshire 5000 Index (companies with median market value of $589.6 million), broadest measure of U.S. shares, closed at 14,819.58 ($115 billion decrease in value of stocks); Chicago Board Options Exchange Volatility Index (VIX), market's "fear gauge'' (rises as stocks fall), closed at 22.50 (up 95% percent in 2007, biggest annual rise in its 18-year history).  

 

Market Performance after Fed Rate Increases (median performance of the S&P 500 for a given number of trading days after successive Fed rate increases since 1946).

 Rate increase  7 days     22 days  126 days  252 days


       First             -0.57%       0.76%      3.91%       9.87%
       Second        0.05           0.96          3.93          6.45
       Third             0.23          -0.36         3.46         -2.72
       Fourth           0.33          1.95         -1.37         -2.79
       Fifth             -1.44          -1.12         -5.38        -2.86
       Sixth             0.13          -1.92         -5.20        -6.98
Source: Leuthold Group

 

(http://www.cboe.com/micro/vix/images/VIX_since_1990.gif)

January 2008 - Peak to Trough Comparisons of Market Declines

(http://graphics8.nytimes.com/images/2008/01/18/business/0118-biz-STOX-full.jpg)

L-R: 1/1/73-12/6/74 (-45.1%); 11/29/83-7/24/84 (-15.6%); 8/25/87-10/19/87 (-36.1%); 7/16/90-10/11/90 (-21.2%); 7/17/98-8/31/98 (-19.3%); 1/14/00-10/9/02 (-37.8%); 10/9/07-1/17/08 (-14.2%).

January 17, 2008 - NYSE Euronext agreed to acquire American Stock Exchange for $260 millionto increase its business in options, exchange-traded funds, cash products.

January 25, 2008 - Biggest Trading Losses by 'Rogue Traders'

(http://graphics8.nytimes.com/images/2008/01/25/business/20080125_BANK.jpg)


(source: Bloomberg; http://graphics8.nytimes.com/images/2008/03/29/business/29-biz-CHARTS-full.jpg)

March 31, 2008 - London’s FTSE 100 index closed at 5702.1, off 11.9 per cent for the first three months of the year = the index’s worst opening quarter since it was launched 24 years ago on January 3, 1984 (3Q 2000 -fell 20%); reasons - subprime crisis, slowing housing market (Building Society reported 5th consecutive drop in housing prices), consumer confidence in the UK is at its lowest for 15 years (data from pollsters GfK/NOP showed the confidence worsened for a seventh month in a row, lowest level since 1993).

June 30, 2008 - End of 2nd Q 2008: Standard & Poor’s 500-stock index down 8.6% in June 2008, down 12.8% for the first half of 2008 = worst performance in June since 1930 (down 16.5%). Index introduced March 1, 1957 (with daily) estimates (predecessor stock market indicator - Standard Statistics Company Average of Stock Prices developed in 1926 = 100); Dow Jones industrial average off 14.4% for the first half of 2008.

August 2, 2008 - Half of consumers polled by Conference Board expect stock prices to decline over next 12 months (first time); 6 previous cycles when at least 36% of those responding were bearish.

October 2008 - Worst September for dividends since 1956; 138 of approximately 7,000 publicly owned companies that report dividend information to Standard & Poor's Dividend Record decreased their dividend during third quarter of 2008 (vs. 21 in 2007); reported dividend increases fell 21.2% to 346 from 439 reported in third quarter of 2007.

(http://graphics8.nytimes.com/images/2008/08/02/business/0802-biz-CHARTSweb.gif)

October 2008 - Worst September for dividends since 1956; 138 of approximately 7,000 publicly owned companies that report dividend information to Standard & Poor's Dividend Record decreased their dividend during third quarter of 2008 (vs. 21 in 2007); reported dividend increases fell 21.2% to 346 from 439 reported in third quarter of 2007.

 October 2008 - Size of Market for Derivative Products.

  (http://graphics8.nytimes.com/images/2008/10/09/business/1009-web-GREENSPAN.gif)

 

 

October 8, 2008 - Total value of Dow Jones Wilshire 5000 = about $11.7 trillion, down $7.4 trillion (about 40%) from October 9, 2007 - stock market's all-time high; total value of all stocks = just over $19.1 trillion.

(http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=.dji&uf=128&type=2&size=4&sid=1643&style=320&freq=1&entitlementtoken= 0c33378313484ba9b46b8e24ded87dd6&time=13&rand=1754972358&compidx=aaaaa%3a0&ma=0&maval=9&lf=2&lf2=4&lf3=16&height=981&width=1045&mocktick=1)

 

October 8, 2008 - Margin debt increased from 2002-2007 (NYSE); July 2007 - peak of $381 billion (market peaked in October 2007):

(http://graphics8.nytimes.com/images/2008/10/13/business/1013-biz-MARGIN-web.gif)

October 13, 2008 - Biggest single 1-day point gain in trading history: up 936.42 points to close at 9387.61 (11.08%); March 15, 1933 - biggest single 1-day percentage gain : up 8.26 points to close at 62.10 (15.34%).

(http://markets.on.nytimes.com/research/tools/builder/api.asp?sym=$DJI&duration=1&chartstyle=Home&w=337&h=255&display=lineclip&topLabel=Dow%20Industrials)

November 20, 2008 - S&P 500 traded to 11-year low, down 49% for year, down 52% from October 9, 2007 record (1,565.15); first loss greater than 30% since 39% decline in 1937 (lost 23% in 2002, lost 29.7% in 1974, followed by annual gains of 26%, 32%, respectively); financial companies suffered most severe decline among 10 main industries in S&P 500, down 58% collectively (worst drop in 19-year history of index tracking group).

December 31, 2008 - Dow Jones industrial average ended year down more than 34%, worst year for index since 1931; broader Standard & Poor’s 500-stock index lost more than 38%; all but 2 of the 30 Dow industrials (Wal-Mart, McDonalds) fell by more than 11% (General Motors, Citigroup, Alcoa lost more than 70% of their value); about $7 trillion of shareholders’ wealth (gains of last six years) wiped out; stocks have fallen 55%-72% percent in Brazil, Russia, India, China (so-called BRIC economies); since September 2008 - 18 days when S.& P. moved more than 5% in either direction (only 17 such days in previous 53 years; source: calculations by Howard Silverblatt, S&P an index analyst).

1999-2009 - Worst decade in 82 years of S & P 500 history (assumes CPI unchanged January from December): through January 2009: investor holding stocks of S.& P.’s 500-stock index, reinvesting dividends, would have lost about 5.1%/year, after adjusting for inflation (-2.6%/year, before factoring in inflation); 23.5% total losses in nominal dollars from S.& P. 500, with dividends reinvested (compounding interest; -40.4% with inflation added); September 30, 1929-September 30, 1939:  -5%/year compound annual decline, with dividends reinvested, before considering inflation (-2.8%/year , after factoring in deflation); September 1964 -September 1974:  compound annual decline of 4.3%/year (0.5%/year, before factoring in inflation); bad decades often followed by 10-year periods that are better than long-term average (gain of 6.2%/year).

(http://graphics8.nytimes.com/images/2009/02/06/business/0207-biz-CHARTSweb.gif)

S&P 500 P/E Ratio - Monthly chart 1900-2009 (smoothed over 10 years to remove short-term volatility); July 1921 - P/E Ratio below 6; July 1932 - P/E ratio = below 6; August 1982 - P/E of 7; 1929 - P/E Ratio = 33; 2000 - P/E Ratio = 44

(http://www.ritholtz.com/blog/wp-content/uploads/2009/03/historic-pe-ratio-for-the-sp-500.png)

March 2009 - 82% of announced dividend changes negative (eliminations or reductions of payouts) = highest recorded by S.& P. since it began tallying figures in 1955.

August 3, 2009 - Best Five-Month Run Since 1938; best July in 12 years (S&P 500 up 7.4%, 8.6% for Dow, 7.8% for Nasdaq, 9.5% for Russell); 80% of stocks above their 200-day averages (just 1% in early March 2009); market breadth strongest in more than year; many credit, economic indicators have recovered to levels before Lehman Brothers's collapse in September 2008; April-June 2009 - companies raised $92 billion in public offerings, highest three-month issuance in two decades

(http://s.wsj.net/public/resources/images/ON-AM325_bTrade_NS_20090731213054.gif)

October 15, 2009 - Big Board getting smaller; closed one of five trading halls; 2006-2009 - 36% of daily trades in stocks  listed on New York Stock Exchange executed on exchange, down about 75% (rest conducted elsewhere, on new electronic exchanges or through dark pools); January 2007-October 2009 - share price of NYSE Euronext has lost nearly three-quarters of its value, while stock trading has soared.

(http://graphics8.nytimes.com/images/2009/10/15/business/1015-biz-EXCHANGE-JMP.jpg)

November 21, 2009 - S&P 500 up 64% since it hit bottom in March 2009, to 1,100; S.& P. Europe 350 and the S.& P./Topix 150 (covering Japan) - 1)  local currencies - prices are lower than in 1998; 2) American dollars - markets gained 20% and 7%, respectively, because of currency movements (March 24, 1998 - S&P 500 index first reached 1,100; 1998-2009 - U.S. =  worst regional index in which to have invested; higher returns in emerging markets [Latin America, Australia, emerging Asian countries, Canadian index due to natural resources stocks] than in the developed world; energy stocks - best performing sector [oil prices fell to  about $10 a barrel in late 1998, rose above $140/barrel as company profits set records, price is more than $70/barrel after economic downturn]; late 1990s - United States stock market was world leader in great bull market; laggard more recently [weakness of the dollar]; 2003-2008 - International 700 [non-American stocks in the S.& P. Global 1,200] rose much faster in the middle of the decade, fell faster in the global recession, up more than 80% since March 2009.

(http://graphics8.nytimes.com/images/2009/11/20/business/1121-biz-webCHARTS.gif)

 

 

(Deutsche Borse AG), Werner G. Seifert, Hans Hans-Joachim Voth (2006). Invasion of the Grasshoppers. Plots - Struggles for Power - Market Manipulation. (Berlin, Germany: Ullsteinbuchverlage/Econ, 272 p.). Former CEO Deutsche Borse; ICREA Research Professor at the Economics Department (Universitat Pompeu Fabra, Barcelona), Associate Director at the Centre for History and Economics (King's College, Cambridge). Siefert, Werner G.; Deutsche Borse AG--Management; Executives--Germany --Biography; Stock Exchanges--Germany--Management--Case studies. Memoir of ouster after 12-years as CEO of Deutsche Borse AG.

(Paris Bourse), Pedro Arbulu (2007). La Bourse de Paris au XIXe Siècle: Efficience et Performance d'un Marché Financier Emergent. (Paris, FR: Connaissances et Savoirs, 252 p.). Bourse de Paris -- History -- 19th century; Stock exchanges -- France -- Paris -- History -- 19th century.

(Philadelphia Stock Exchange), Domenic Vitiello, with George E. Thomas (2010). The Philadelphia Stock Exchange and the City It Made. (Philadelphia, PA: University of Pennsylvania Press, 253 p.). Teaches City and Regional Planning (University of Pennsylvania); Teaches Urban Studies (University of Pennsylvania). Philadelphia Stock Exchange --History; Stock exchanges --Pennsylvania --Philadelphia --History; Finance --Pennsylvania --Philadelphia --History; Philadelphia (Pa.) --History. Metropolitan economic development; America's first stock exchange (1790), ways it shaped growth, decline of city around it; exchange, its members helped spur development of early United States, its financial sector, its westward expansion; made Philadelphia center of industrial America: raised capital for railroads and coal mines that connected cities to one another , built fossil fuel-based economy; after financing Civil War, underwrote growth of modern metropolis, its transportation infrastructure, utility systems, real estate development; exchange's fortunes diverged from those of city around it; became part of larger, global institution (merged with NASDAQ in 2008).

Patricia A. Adler and Peter Adler (1984). The Social Dynamics of Financial Markets (Greenwich, CT: JAI Press, 212 p.). Stock exchanges--Sociological aspects.

Christopher Armstrong (2001). Moose Pastures and Mergers: The Ontario Securities Commission and the Regulation of Share Markets in Canada, 1940-1980. (Toronto, ON: University of Toronto Press, 424 p.). Ontario Securities Commission -- History; Securities -- Ontario -- History.

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Alec Benn (2000). The Unseen Wall Street of 1969-1975: And Its Significance for Today (Westport, CT: Quorum Books, 216 p.). New York Stock Exchange--History--20th century; Wall Street--History--20th century; Stock exchanges--United States--History--20th century.

Murray T. Bloom (1971). Rogues to Riches; The Trouble with Wall Street. (New York, NY: Putnam, 332 p.). Wall Street.

Marshall E. Blume, Jeremy J. Siegel and Dan Rottenberg (1993). Revolution on Wall Street: The Rise and Decline of the New York Stock Exchange. (New York, NY: Norton, 320 p.). New York Stock Exchange; Stock exchanges; International finance.

Steven R. Champion (1998). The Great Taiwan Bubble: The Rise and Fall of Asia's Most Volatile Emerging Market. (Berkeley, CA: Pacific View Press). Stocks--Taiwan; Securities industry--Taiwan; Investments--Taiwan.

Henry Clews (1887). Twenty-Eight Years in Wall Street. (New York, NY: Irving Publishing Co., 684 p.). Wall Street; Speculation; Capitalists and financiers--United States; Business. 

--- (1908). Fifty Years in Wall Street. "Twenty-eight years in Wall street," Revised and Enlarged by a Résumé of the Past Twenty-Two Years, Making a Record of Fifty Years in Wall Street. (New York, NY: Irving Publishing Company, 1062 p.). Wall Street; Speculation; Capitalists and financiers--United States; Business.

Cedric B. Cowing (1965). Populists, Plungers, and Progressives; A Social History of Stock and Commodity Speculation, 1890-1936 (Princeton, NJ: Princeton University Press, 299 p.). Stock exchanges--United States; Investments--United States. Speculation.

David Cruise & Alison Griffiths (1987). Fleecing the Lamb: The Inside Story of the Vancouver Stock Exchange. (Toronto, ON: Douglas & McIntyre, 277 p.). Vancouver Stock Exchange.

Nicolas Darvas (1964). Wall Street: The Other Las Vegas (New York, NY: Lyle Stuart, 192 p.). New York Stock Exchange; Stocks--United States; Speculation.

Hillary Davis (1998). A Million a Minute: Inside the World of Securities Trading: The Men, the Women, the Money that Make the Markets Work. (New York, NY: HarperBusiness, 292 p.). Ex of Baring Brothers. Stockbrokers; Floor traders (Finance). 

Pauline et Dominique Destrem (2005). La Bourse Sous l’Occupation. (Paris, FR: Mare & Martin, 327 p.). Stock exchanges--France--History--20th century; Securities--France--History--20th century; France--History--German occupation, 1940-1945.

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Helga Drummond (1996). Escalation in Decision-Making: The Tragedy of Taurus. (New York, NY: Oxford University Press, 237 p.). Professor, Organisational Learning, Behaviour and Change, University of Liverpool Management School. Taurus (Project); International Stock Exchange --Data processing; Stock exchanges --Data processing --Case studies; Decision making --Case studies. 1986-1993 - Taurus project, 500,000 pound project to automate settlement systems on London Stock Exchange; how could major project promoted by Stock Exchange, supervised by committees, advised upon by two major consultancies, staffed by experienced technical team go wrong? why was decision to abandon project not made earlier?

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--- (1998). It Was a Very Good Year: Extraordinary Moments in Stock Market History. (New York, NY: Wiley, 244 p.). Managing Director (Merrill Lynch). Investments -- United States -- History; Stocks -- United States -- History. 

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Paul Gibson (1993). Bear Trap: Why Wall Street Doesn't Work (New York, NY: Atlantic Monthly Press, 246 p.). New York Stock Exchange -- History; Securities industry -- United States -- History; Stockbrokers -- United States.

Susan Goldenberg (1986). Trading: Inside the World's Leading Stock Exchanges. (San Diego, CA: Harcourt Brace Jovanovich, 263 p.). Stock exchanges.

John Steele Gordon (1988). The Scarlet Woman of Wall Street: Jay Gould, Jim Fisk, Cornelius Vanderbilt, the Erie Railroad Wars and the Birth of Wall Street (New York, NY: Weidenfeld & Nicolson, 421 p.). Erie Railroad, Panic of 1873, New York Stock Exchange.

Leo Gough (1998). 25 Investment Classics: Insights from the Greatest Investment Books of All Time (London, UK: Financial Times: Pitman Pub., 238 p.). Investment; Speculation.

Stephen Green (2004). The Development of China's Stock Market, 1984-2002: Equity Politics and Market Institutions. (New York, NY: Routledge, 287 p.). Stock exchanges China; China Economic policy 1976-2000; China Economic policy 2000-. 

Lucy Heckman (1992). The New York Stock Exchange: A Guide to Information Sources. (New York, NY: Garland, 353 p.). Librarian (St. John's University). New York Stock Exchange--Bibliography.

--- (2001). NASDAQ: A Guide to Information Sources. (New York, NY: Garland, 250 p.). Librarian (St. John's University). Nasdaq Stock Market; Nasdaq Stock Market--Bibliography; National Association of Securities Dealers. 

Mark Ingebretsen (2002). Nasdaq: A History of the Market That Changed the World. (Roseville, CA: Prima, 334 p.). Nasdaq Stock Market--History.

Alan Jenkins (1973). The Stock Exchange Story. (London, UK: Heinemann, 212 p.). Stock Exchange (London, England)--History.

Frank Keane (1981). The Vancouver Stock Exchange: From Bucketshop to World Venture Money Capital. (Vancouver, BC: Chinook Communications, 127 p.). Vancouver Stock Exchange.

Alan Lechner (1980). Street Games: Inside Stories of the Wall Street Hustle (New York, NY: Harper & Row, 176 p.). Wall Street

Louis Lowenstein (1988). What's Wrong with Wall Street: Short-Term Gain and the Absentee Shareholder. (Reading, MA: Addison-Wesley, 268 p.). Stocks; Institutional investments; Stockholders; Tender offers (Securities).

Maggie Mahar (2003). Bull!: A History of the Boom, 1982-1999: What Drove the Breakneck Market-- and What Every Investor Needs To Know about Financial Cycles. (New York, NY: HarperBusiness, 486 p.). Wall Street--History--20th century; Stock exchanges--United States--History--20th century; Business cycles; Stock Market Bubble, 1995-2000.

Joseph Gregory Martin (1969). A Century of Finance; Martin's History of the Boston Stock and Money Markets, One Hundred Years, from January, 1798, to January, 1898, Comprising the Annual Fluctuations of All Public Stocks and Investment Securities ... also a review of the Boston Money Market, 1831 to 1898 ... With Full Descriptive Notes Relating to the Different Securities, the Whole Covering a Complete Century of Varied Monetary Experiences. Uniform Title: [Twenty-one years in the Boston stock market]. (New York, NY: Greenwood Press, 262 p. [reprint of 1898]). Boston; Stock Exchange; Banks and banking--Massachusetts--Boston; Boston (Mass.)--Commerce.

Martin Mayer (1955). Wall Street: Men and Money. (New York, NY: Harper, 274 p.). New York Stock Exchange.

--- (1988). Markets: Who Plays, Who Risks, Who Gains, Who Loses. (New York, NY: Norton, 303 p.). Stock exchanges; Securities.

--- (2001). The Fed: The inside Story of How the World's Most Powerful Financial Institution Drives the Markets. (New York, NY: Free Press, 350 p.). Board of Governors of the Federal Reserve System (U.S.); Monetary policy--United States; Stock exchanges--United States. 

David McClain (1988). Apocalypse on Wall Street (Homewood, IL: Dow Jones-Irwin, 187 p.). New York Stock Exchange; Stock exchanges; Wall Street; Program trading (Securities).

J. Edward Meeker (1975). The Work of the Stock Exchange (New York, NY: Ayer Pub. Co., 720 p. [rev. ed.]). New York Stock Exchange

Ranald C. Michie (1987). The London and New York Stock Exchanges, 1850-1914. (London, UK: Allen & Unwin, 312 p.). Department of History (University of Durham). Stock Exchange (London, England)--History; New York Stock Exchange--History.

--- (1999). The London Stock Exchange: A History. (New York, NY: Oxford University Press, 672 p.). Department of History (University of Durham). Stock Exchange (London, England)--History.

--- (2007). The Global Securities Market: A History. (Oxford, UK: Oxford University Press, 399 p.). Department of History (University of Durham). Securities industry -- History; Securities -- History. Securities markets from its beginnings in Medieval Venice through Amsterdam, London to its operations in Tokyo, New York today.

Merton H. Miller (1991). Financial Innovations and Market Volatility. (Cambridge, MA: Blackwell, 288 p.). Capital market -- United States; Finance -- United States; Stocks -- Prices -- United States; Stock Market Crash, 1987 -- History.

Gregory J. Millman (1999). The Day Traders: The Untold Story of the Extreme Investors and How They Changed Wall Street (New York, NY: Times Business, 253 p.). Electronic trading of securities; Stocks--Data processing.

Anne L. Murphy (2009). The Origins of English Financial Markets: Investment and Speculation Before the South Sea Bubble. (New York, NY: Cambridge University Press, 283 p.). Lecturer in the Department of History (University of Exeter). Financial institutions --England --History --17th century; Speculation --England --History --17th century; Investments --England --History --17th century; Financial institutions --England --History --18th century; Speculation --England --History --18th century; Investments --England --History --18th century. English Financial Revolution; English investors in 1690s – England emerging market economy; choices, actions of investors who enthusiastically embraced London's new financial market: host of joint-stock companies emerged, offered opportunity for investment in projects; state employed innovative tactics to attract money (demands of Nine Years' War): Bank of England incorporated; interactions between public, private finance; how information circulated around market, used by speculators and investors; establishment of institutions - Bank of England, national debt, active secondary market in that debt - on which England's financial system was built.

Russell Napier (2009). Anatomy of the Bear: Lessons from Wall Street's Four Great Bottoms. (Hampshire, UK: Harriman House, 320 p. [2nd ed.]). Consultant with CLSA (Credit Lyonnais SA). Financial crises -- United States; Stock exchanges -- New York -- New York; Securities industry -- United States. Four occasions when US equities were particularly cheap - 1921, 1932, 1949, 1982 - how spot the bottom?; how markets really did work in these bear-market bottoms.

Richard Ney (1970). The Wall Street Jungle (New York, NY: Grove Press, 348 p.). Stock exchanges--United States; Stocks--United States.

John Lloyd Parker (1932). Unmasking Wall Street. (Boston, MA: The Stratford Company, 223 p.). New York Stock Exchange; Wall Street; Capitalists and financiers -- United States.

Ferdinand Pecora (1939). Wall Street Under Oath; The Story of Our Modern Money Changers (New York, NY: Simon & Schuster, 311 p.). New York Stock Exchange.

Elliott Posner (2009). The Origins of Europe’s New Stock Markets. (Cambridge, MA: Harvard University Press, 242 p.). Associate Professor of Political Science (Case Western Reserve University). Stock exchanges --Europe; Capital market --Europe; Finance --Europe. Causes of Europe's emergence as global financial power; origins of markets, their relationship to politics and bureaucracy.

W.J. Reader (1979). A House in the City: A Study of the City and of the Stock Exchange Based on the Records of Foster & Braithwaite, 1825-1975 (London, UK: Batsford, 198 p.). Stock Exchange (London, England)--History; Foster & Braithwaite (Firm)--History.

Eric Rosenthal (1968). On 'Change Through the Years; A History of Share Dealing in South Africa. (Cape Town, S. Africa: Flesch Financial Publications, 271 p.). Johannesburg Stock Exchange; Stock exchanges--South Africa.

John Rothchild (1998). The Bear Book: Survive and Profit in Ferocious Markets. (New York, NY: Wiley, 284 p.). Stock exchanges; Bear market.

Anthony Rowley (1987). Asian Stockmarkets : The Inside Story (Homewood, IL: Dow Jones-Irwin, 290 p.). Securities--Asia; Stock exchanges--Asia.

Stephen Salsbury and Kay Sweeney (1992). Sydney Stockbrokers: Biographies of Members of the Sydney Stock Exchange, 1871 to 1987. (Sydney, NSW: Hale & Iremonger, 466 p.). Sydney Stock Exchange--History; Stockbrokers--Australia--Biography.

Henk Schoorl (1969). Isaac le Maire, Koopman en Bedijker. (Haarlem, The Netherlands: H. D. Tjeenk Willink, 224 p.). Maire, Isaac le, 1558-1624; Reclamation of land --Netherlands --Huisduinen; Dikes (Engineering); Engineers --Correspondence, reminiscences, etc.

Robert J. Shiller (1989). Market Volatility. (Cambridge, MA: MIT Press, 464 p.). Stocks -- Prices; Stock exchanges; Bonds -- Prices; Real property -- Prices.

Eds. Birl E. Shultz and Albert P. Squier (1963). The Securities Market - and How It Works. (New York, NY: Harper & Row, 372 p. [rev. ed.]). New York Stock Exchange; Stock exchanges -- United States.

Leonard Sloane (1980). The Anatomy of the Floor: The Trillion-Dollar Market at the New York Stock Exchange. (Garden City, NY: Doubleday, 228 p.). New York Stock Exchange.

Adam Smith (1968). The Money Game. (New York, NY: Random House, 302 p.). Stock exchanges--United States; Investments--United States.

--- (1972). Supermoney. (New York, NY: Random House, 301 p.). Stock exchanges--United States; Investments--United States.

Charles W. Smith (1999). Success and Survival on Wall Street: Understanding the Mind of the Market. (Lanham, MD: Rowman & Littlefield, 220 p.). Investments--United States; Stock exchanges--United States.

Roy C. Smith (2010). Paper Fortunes: Modern Wall Street: Where it’s Been and Where it’s Going. (New York, NY: St. Martin’s Press,, 448 p.). Kenneth Langone Professor of Entrepreneurship and Finance at Stern School (New York University), Former Investment Banker at Goldman Sachs. New York Stock Exchange --History; Finance --United States --History; Investments --United States --History; Investment banking --United States --History; Investment advisors --United States --History. Wall Street from post-war heyday to present; how industry has grown, changed, evolved; its future prospects are; shifting U.S. market economy through actions of people who've shaped it for last 60 years, will shape it for next 60 years. .Wall Street from post-war heyday to present; how industry has grown, changed, evolved; its future prospects are; shifting U.S. market economy through actions of people who've shaped it for last 60 years, will shape it for next 60 years. 

Robert Sobel (1970). The Curbstone Brokers; The Origins of the American Stock Exchange. (New York, NY: Macmillan, 296 p.). American Stock Exchange.

--- (1972). Amex: A History of the American Stock Exchange, 1921-1971. (New York, NY: Weybright and Talley, 372 p.). American Stock Exchange.

--- (1975). N.Y.S.E. : A History of the New York Stock Exchange, 1935-1975. (New York, NY: Weybright & Talley, 398 p.). New York Stock Exchange-History.

--- (1977). Inside Wall Street : Continuity and Change in the Financial District. (New York, NY: Norton, 288 p.). New York Stock Exchange; Wall Street.

--- (2000). The Pursuit of Wealth: The Incredible Story of Money Throughout the Ages. (New York, NY: McGraw-Hill, 347 p.). Money--History; Investments--History.

Robert Sobel with a foreword by Broadus Mitchell (1965). The Big Board; A History of the New York Stock Market (New York, NY: Free Press, 395 p.). New York Stock Exchange.

George Soros; foreword by Paul Tudor Jones II (1994). The Alchemy of Finance: Reading the Mind of the Market. (New York, NY: Simon & Schuster, 367 p.). Investments.

Roger W. Spencer, John H. Huston (2006). The Federal Reserve and the Bull Markets: From Benjamin Strong to Alan Greenspan. (Lewiston, NY: Edwin Mellen Press, 251 p.). United States. Federal Reserve Board; Bull markets--United States; Stock exchanges--United States. Relationship of Federal Reserve policy to stock market activity; monetary policy responses of Benjamin Strong, William McChesney Martin Jr., Alan Greenspan to three major bull markets that occurred during their respective tenures.

Richard J. Teweles and Edward S. Bradley (1998). The Stock Market (New York, NY: Wiley, 568 p. [7th ed.]). Stock exchanges.

William Arthur Thomas (1986). The Stock Exchanges of Ireland. (Wolfeboro, NH: F. Cairns, 273 p.). Stock exchanges--Ireland--History. Series: Studies in financial and economic history.

--- (2001). Western Capitalism in China: A History of the Shanghai Stock Exchange. (Alershot: Ashgate, 328 p.). University of Liverpool. Shanghai zheng quan jiao yi suo--History; Stock exchanges--China--Shanghai--History; Investments, Foreign--China--Shanghai--History; Shanghai (China)--Economic conditions. 

William C. Van Antwerp (1975). The Stock Exchange from Within (New York, NY: Arn0 Press, 459 p. [Reprint of 1913 ed.]). New York Stock Exchange; Stock-exchange.

Carl E. Walter and Fraser J.T. Howie (2001). "To Get Rich Is Glorious!": China’s Stock Markets in the ’80s and ’90s. (New York, NY: Palgrave, 243 p.). Managing Director, China International Capital Corporation; Sales and Trading Department, China International Capital Corporation. Stock exchanges--China; Stocks--China; Securities--China; Industries--China--Finance; Capitalism--China.

--- (2006). Privatizing China: Inside China’s Stock Markets. (Hoboken, NJ: Wiley, 335 p. [2nd ed.]). Managing Director of JP Morgan, Chief Operating Officer of its China businesses; Independent Financial Analyst located in Beijing. Stock exchanges--China; Stocks--China; China--Economic conditions--2000-. How markets have developed from their early dominance by local governments to ones that are controlled and deliberately manipulated by central government in pursuit of its policy goals.

Eric J. Weiner (2005). What Goes Up: The Uncensored History of Wall Street Told by the Bankers, Brokers, CEOs, and Crooks Who Made It. (New York, NY: Little, Brown, 512 p.). Former Dow Jones Journalist. New York Stock Exchange--History; Wall Street (New York, N.Y.)--History. Oral history lessons from the past, warnings for the future.

Chris Welles (1975). The Last Days of the Club (New York, NY: Dutton, 460 p.). New York Stock Exchange.

Jennifer Wells (1991). The Pez: The Manic Life of the Ultimate Promoter. (Toronto, ON: Macfarlane Walter & Ross, 277 p.). Pezim, Murray; Vancouver Stock Exchange; Capitalists and financiers--British Columbia--Vancouver--Biography; Stockbrokers--British Columbia--Vancouver--Biography.

Walter Werner and Steven T. Smith (1991). Wall Street (New York, NY: Columbia University Press, 306 p.). New York Stock Exchange--History--19th century; Securities--United States--History--19th century; Finance--United States--History--19th century; United States--Economic conditions--To 1865.

Richard R. West with Seha M. Tinic (1971). The Economics of the Stock Market (New York, NY: Praeger, 222 p.). New York Stock Exchange; Stock exchanges; Stocks.

Barrie A. Wigmore (1985). The Crash and Its Aftermath : A History of Securities Markets in the United States, 1929-1933. (Westport, CT: Greenwood Press, 731 p.). Stock exchanges--United States--History--20th century; Depressions--1929--United States; Stock Market Crash, 1929.

--- (1997). Securities Markets in the 1980s : The New Regime, 1979-1984. (New York, NY: Oxford University Press, 399 p.). Securities--United States; Capital market--United States.

Barnie F. Winkelman (1932). Ten Years of Wall Street. (Philadelphia, PA: The John C. Winston Company, 381 p.). Speculation; Stocks; Stock exchanges--United States; Depressions--1929; Wall Street (New York, N.Y.). 

T.A. Wise and the editors of Fortune (1962). The Insiders; A Stockholder's Guide to Wall Street (Garden City, NY: Doubleday, 247 p.). New York Stock Exchange.

Carol Z. Womack, Alice C. Littlejohn (1995). The American Stock Exchange: A Guide to Information Resources. (New York, NY: Garland Pub., 225 p.). American Stock Exchange -- Bibliography; Stock exchanges -- New York (State) -- New York -- Bibliography.

James Playsted Wood (1966). What's the Market? The Story of Stock Exchanges (New York, NY: Duell, Sloan and Pearce, 179 p.). Stock-exchange; Securities.

Robert E. Wright (2005). The First Wall Street: Chestnut Street, Philadelphia, and the Birth of American Finance. (Chicago, IL: University Of Chicago Press, 208 p.). Clinical Professor of Economics in the Stern School of Business (New York University. Stock exchanges--Pennsylvania--Philadelphia--History; Stock exchanges--New York (State)--New York--History; Stock exchanges--United States--History. History of the United States and the origins of its unrivaled economy. 

Russell O. Wright (2002). Chronology of the Stock Market. (Jefferson, NC: McFarland, 128 p.). New York Stock Exchange--History; Stock exchanges--New York (State)--New York--History; Stock exchanges--United States--History.

Michael G. Zahorchak (1974). Favorable Executions; The Wall Street Specialist and the Auction Market (New York, NY: Van Nostrand Reinhold Co., 189 p.). Stock exchanges--United States; Stocks--Prices; Stockbrokers--United States.

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Business History Links

The Big Picture                                                                                                                    http://bigpicture.typepad.com/                                                                                                  

Macro perspective on capital markets. the economy, geopolitics, technology and digital media by Barry L. Ritholtz, CEO and Director of Equity Research at FuisonIQ, an online quantitative research firm (former Chief Market Strategist for Maxim Group, New York Investment bank).

Center for Research in Securities Prices (CRSP                                                                           http://www.crsp.chicagogsb.edu/                                                                                         

CRSP is dedicated in its goal to provide the most complete, accurate, and easily usable securities data to all of its users. 1959 - Louis Engel, vice president at the firm then known as Merrill Lynch, Pierce, Fenner & Smith, inquired of Professor James H. Lorie (Ph.D. 1947; Associate Dean 1956; Professor of Business Administration at University of Chicago Graduate School of Business) as to whether investment performance in the stock market relative to other types of investments had been analyzed. Such an analysis was not feasible as no comprehensive stock market database was available at the time. Professor Lorie proposed that Merrill Lynch provide funds for a project with the purpose of constructing the stock database. The work would involve gathering, cleaning, and including the prices, dividends, and rates of return of all stocks listed and trading on the NYSE since 1926. The work would also include calculating rates of returns for those same stocks. 1960 - CRSP, with a grant of $300,000 from Merrill Lynch, was established; 1964 - the stock market database was estimated to contain between two and three million pieces of information; 1984 - added data from the NASDAQ markets (from December 1972); mid 1990s - created the only complete database available containing active and inactive mutual funds; 2005 - released the CRSP/Ziman Real Estate Data Series together with the Ziman Center at the Anderson School of Business (UCLA); 2006 - released Pre62 database, which contains daily data from 1926 - 1962 (previously only monthly data was available for this time period.

Cincinnati Stock Exchange

http://www.cincinnatistockexchange.us/

First fully automated stock market in the world, the Cincinnati Stock Exchange made stocks and securities more accessible to the public and revolutionized the financial industry. A collaborative project of the UC Journalism Program and the Cincinnati Historical Society.

Daily Closings of the Dow Jones Industrial Average (DJIA)                                                                            http://eh.net/hmit/dow                                                                                                     

Data cover period from DJIA inception, on May 26, 1896, to the present.

Charles Dow, the History of the Dow Jones Averages, Dow Jones Averages Chronology 1884 - 1995 http://www.cftech.com/BrainBank/FINANCE/DowJonesAvgsHist.html

Dow Jones Indexes                                                                                                        http://indexes.dowjones.com/mdsidx/                                                                                       

Dow Jones Indexes develops, maintains and licenses market indexes for investment products. Among its more than 3,000 indexes are the world's best known stock indicator, the Dow Jones Industrial Average, and the leading pan-European indexes, the Dow Jones STOXX Indexes. Dow Jones Indexes is an independent, full-service index provider, supplying accurate, reliable and transparent index data. The indexes are maintained according to a clear, transparent and systematic methodology that is fully integrated across all Dow Jones equity index families. This methodology, together with historical data for all Dow Jones indexes, is open for review and is made available at no cost to the professional  investment community.

Dow Jones Interactive Learning Center

http://www.djindexes.com/DJIA110/learning-center/ 

The Dow Jones Industrial Average is considered to be an effective gauge of the U.S. economy, and overall investor sentiment. For those who keep close track of the Dow, it is something to be watched ever so closely. This website serves as a place to learn about the Dow in all its glory, ranging from pieces of trivia to a nice historical timeline. It’s probably best to start with the historical timeline. Here users will learn about what happened to the twelve original companies listed on the Dow when it first debuted on May 26, 1896. After that, they are free to move through the rest of the timeline, learning about the technological innovations that the Dow embraced over time, and also about some of the darkest days it has encountered. The trivia section is a true treat, as visitors can learn how much they would have today if their parents had invested $1,000 on the date of their birth, and then also find out about some of the Dow’s top performers over the past century or so.

New York Stock Exchange: Firsts & Records

http://www.nyse.com/about/history/1022221392987.html

From its formation under the Buttonwood Tree in 1792 to the creation of NYSE Euronext in 2007, the NYSE has experienced many historic firsts, surpassed major milestones and set new records.so.

Securities Industry Association                                                                                                    http://www.sia.com/                                                                                                  

Established in 1972 through the merger of the Association of Stock Exchange Firms (1913) and the Investment Banker's Association (1912). SIA brings together the shared interests of more than 600 securities firms to accomplish common goals. According to the Bureau of Labor Statistics, the U.S. securities industry employs more than 800,000 individuals. Industry personnel manage the accounts of nearly 93-million investors directly and indirectly through corporate, thrift, and pension plans. In 2003, the industry is projected to generate $142 billion in domestic revenue and $283 billion in global revenues.




 

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