5 Things about history of the Stock Market


4. The American Stock Market

Wall Street is a famous and important place when it comes to the American stock market. The street is named after the high fence built by the Dutch settlers in New York during the 17th century. Though the fence lasted till 1685, the street next to it was permanently named Wall Street. The history of the American stock exchange begins in Philadelphia. The first stock exchange was built here in 1770. Two years later, the first New York stock exchange was opened, though it was less successful.
In 1817, New York stock exchange representatives traveled to Philadelphia to understand why it was more active. This created a more disciplined and formal New York Stock and Exchange Board. Another important point in this history is the crash of 1929. This crash triggered the Great Depression.