The New York Stock Exchange - 1492 Words

Today the New York Stock Exchange is synonymous with investing. However, it hasn t always been that way. Our current system of exchange has grown and changed over time to become what it is today. We ll walk you through a history of the stock market to see what it took to get to where we are today. 1100s- France During this time France had a system where courretiers de change (or brokers) would manage the agricultural debts throughout the country on behalf of the banks, and trade debts from one bank to another. 1200 s- Merchants of Venice The merchants and moneylenders of Venice were the first brokers of the time, they would meet with other lenders, carrying slates with information on the various issues for sale. They These†¦show more content†¦These investments would outfit the ship and crew, and upon a successful return, would pay back a percentage to the investors. These types of limited liability companies would only last for voyage though, and would be dissolved upon return, only for a new company to be created for the next one. Investors would spread their risk around by investing in several different ships at the same time, allowing them to play the odds against all of them ending poorly. If a ship had a 33% chance of being seized by pirates, and the investor had placed money in 3 or 4 companies, instead of just one, they would still make a profit. When the East India companies were formed, they changed how business was done. These companies had stocks that would pay dividends on all of the proceeds from all of the voyages that the companies undertook, rather than going on a voyage by voyage basis. They were the first modern joint stock companies, which allowed them to demand more for their shares, and in time, build larger fleets. The size of the companies, along with their royal charters which forbid competition, meant huge profits for those that could invest. Would You Like Stocks With Your Coffee? Shares of the various East India companies were issued on paper, which allowed investors to sell to other investors. However, in order to be able to buy stocks, anShow MoreRelated new york stock exchange Essay764 Words   |  4 Pages nbsp;nbsp;nbsp;nbsp;nbsp;The New York Stock Exchange traces its origin back 200 years. Centuries of growth and innovation the NYSE remains the world’s foremost securities marketplace. Over the years its commitment to investors has been unwavering and its persistent application of the latest technology has allowed it to maintain a level of market quality and service that is unparalleled. The NYSE has grown to become the global marketplace of today. nbsp;nbsp;nbsp;nbsp;nbsp;Each day onRead MoreThe Streets Of The New York Stock Exchange1236 Words   |  5 Pages Wall street is said to be the home of the New York Stock Exchange; the New York stock exchange the world’s largest stock exchange by total market capitalization according to Forbes magazine. Major exchange has had or has also their headquarters in the Wall Street area and this includes NASDAX, The New York Board of Trade, and New York Mercantile Exchange. The Occupy Wall Street movement is a global protest movement against Social and Economic inequality with the primary goal to make the economicRead MoreThe Nyse, New York Stock Exchange1137 Words   |  5 PagesThe NYSE, New York Stock Exchange, sometimes referred to as the Big Board is located at 11 Wall Street in New York, New York. 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