Timeline of the Stock Market
Timeline of the Stock Market
Most people don't aware how long the stock market timetable is. The German stock exchange in Frankfurt has been around since the ninth century.
Government securities and other investments were traded by merchants and financiers in the 13th century. In an effort to boost their own economies, most large European cities went along with this trend and started issuing debt-based securities to investors.
Nevertheless, the modern stock market did not come into being until 1602 when the Dutch East India Company issued the first privately held equities on the Amsterdam Stock Exchange.
When other business owners saw the potential in selling their company's shares as a means to grow and expand, the stock market really took off.
A number of New York stockbrokers did not publicly establish the regulations for stock dealing until 1792 when they established the New York Stock Exchange board. They made a pact to meet every day to swap bonds and stocks.
When telegraph signals sent via Morse code were successfully communicated in 1844, allowing investors to send and receive stock market quotes, the New York Stock Exchange grew considerably to attract investors outside of New York. In 1867, the stock ticker mostly supplanted it.
The first transatlantic communications cable, connecting London and New York, was finished in 1866. It wasn't until 1878 that the New York Stock Exchange began using telephones on the trading floor, but this enabled the stock markets of both nations to communicate quickly.
In 1896, the Dow Jones industrial stock average was introduced in the Wall Street Journal. The Securities and Exchange Commission (SEC) was established in 1934 to oversee the stock and bond markets. The rules that businesses had to follow in order to go public with their stock offerings were partly regulated by the SEC. In addition, it makes sure that market exchanges are following the rules every day.
In 1971, trading officially began on the National Association of Securities Dealers Automated Quotation, also known as the NASDAQ. This marked the beginning of the first electronic stock exchange in the world. In 1994, the first stock trade was executed through the Internet.
Notable Stock Market Crash Timelines
The stock market has seen numerous economic downturns and investor panics over its lengthy and varied history, and it has also witnessed some remarkable recoveries. Restoring some faith in the potential of stock markets to rebound even after the worst conceivable crashes is helped when one considers that stock market dips are not as odd or rare as many investors appear to think.
In 1637, there was a 90% drop in value on the Dutch stock market.
After the London stock market collapsed in 1720, the government assumed full responsibility for the nation's debt.
A gold price fall and the first Black Friday on Wall Street were both started in 1869 when two American investors tried to dominate the gold market.
The most trustworthy American stock brokerage firm went bankrupt in 1873, setting off a panicky stock sell-off. As a result, two large brokerage houses and 37 banks went under.
A new wave of panic ensued in 1884 when another major stock brokering firm went bankrupt. As a result of this frantic selling, fifteen more prominent brokerage firms went bankrupt.
Once again, the stock market collapsed in 1893, plunging the United States into a severe economic depression.
An additional phase of severe market decline occurred in 1907, following the "Rich Man's Panic" crash of 1903 and the subsequent revelation of news about the problems besetting a large New York bank.
The greatest one-day drop in values in US stock market history occurred on the infamous Black Thursday of 1929, which was followed four days later by Black Monday. Prices dropped even more the following day, on Black Tuesday. Worldwide stock values fell in reaction, but it wasn't until 1932 that the market hit rock bottom.
The 1987 stock market crash, in which the Dow Jones dropped 22.61% in a single day, was more significant than the Black Monday one-day percentage decline in stock market pricing.
The Dow Jones experienced its worst one-day price drop ever in 2008, 777 points lower than the previous record.
Post a Comment for "Timeline of the Stock Market"