The New York Stock Exchange
The New York Stock Exchange
Back in 1792, 24 men showed up to trade stocks under a buttonwood tree and pronounced
that location as their future stock-trading marketplace. The road next to the buttonwood tree
had been named for a blockade wall built earlier to keep Manhattan settlers safe from
marauding Indians and pirates. I'm not making this up. That market and its humble
beginnings eventually evolved into today's mammoth New York Stock Exchange, and the
corresponding road next to the blockade wall became known as Wall Street, synonymous
with today's financial world.
Plain English
The
markets is a term referring to the centralized physical locations and the
computer networks at which the business of trading stocks is conducted.
