Important Events Of The Stock Market Timeline

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Key Milestones in the Stock Market Timeline


The history of the stock market is rich and complex, deserving of extensive exploration. Here, I'll highlight some pivotal events that have shaped its evolution over the centuries.

The Beginnings

- 1790: The U.S. federal government issues $80 million in bonds, marking the birth of the American stock market.
- 1792: Trading commences with five securities, including two government bonds and three bank stocks.

The 19th Century

- Post-War of 1812: Trading expands to include government bonds, bank stocks, and insurance stocks.
- 1817: The New York Stock and Exchange Board is established with a constitution and trading rules.
- 1825: New York State issues bonds to fund the Erie Canal construction.
- 1836: Members of the NYS&EB are prohibited from street trading, formalizing stock trading practices.
- 1850: Share volume surges to 8,500, a fifty-fold increase in just seven years.
- Panic of 1857: The collapse of the Ohio Life Insurance and Trust Company leads to a 45% market decline.
- 1863: The board is rebranded as the New York Stock Exchange (NYSE).

The Early 20th Century

- 1903: NYSE relocates to 18 Broad Street, heralding a new era.
- Panic of 1907: J.P. Morgan intervenes to stabilize banks after the Knickerbocker Trust crisis.
- 1913: Establishment of the Federal Reserve.
- Post-WWI: Wall Street surpasses London as the world's financial center.
- 1923: A historic bull market begins, lasting nearly six years.
- Black Thursday: October 24, 1929, sees a drastic drop in stock prices amid a record volume of 13 million shares.
- October 29, 1929: The stock market crash marks the onset of the Great Depression.

Recent Decades

- 1990: Over 50 million Americans own stocks.
- May 17, 1992: The NYSE celebrates its 200th anniversary.
- October 27, 1997: The Dow Jones drops 554 points, triggering circuit breakers that close the NYSE early.

Into the 21st Century

Entering the new millennium, the stock market faces significant challenges reminiscent of the Great Depression. Government bank bailouts and taxpayer-owned corporations emerge as new realities. The journey of the stock market continues to unfold, with future developments yet to be seen.

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