Stock Market Historical Perspective
The stock market is a place where businesses and individuals trade in shares and benefit from the returns. As an investor, an individual enjoys some amount of power over the company. This investor offers valuable financial support to the company and in return benefits from valuable returns. The number of shareholders owning a company could range from a few hundreds to thousands- depending on the size and requirement of the corporation. As a business grows, it requires adequate funds to realize its financial goals. When a company is in a state of substantial growth, it offers shares to the public to gain a stronghold in the market. Selling shares to the public has been a practice with many businesses since early times.
Companies selling pieces of their business to the public is not a new idea. The financial markets have been a platform for buyers and sellers, where, ideally,both parties share a mutually profitable relationship. The stock market is like the financial backbone of a country- a location where shares of numerous companies are bought and sold. In the United States there are three major stock markets that play a crucial role in shaping the economy- the Nasdaq, the New York Stock Exchange and the American Stock Exchange.
Wall Street is one of the most important financial center in the United States. During the 17th century, long before New York City became what it is today, there was a high wall built as a defense against British attackers. When the wall came down the name of the street remained, Wall Street.
Even though we view Wall Street as the financial center of the United States, history has a different story to tell. You may not know that Boston was originally the countrys financial hub. Boston dealers played an active role in buying and selling various kinds of commodities as well as trading bonds for contracts such as bridges and canals. It is difficult to think of the financial hub of America as something other than Wall Street. However history clearly points to the importance of the Boston dealers in creating an active financial market, similar to the one found in Wall Street today.
Other countries similarly conducted their financial dealings through their own financial marketplaces. For example, the city of Paris carried out its economic pursuits on Rue de Quincampoix.
The story of the London market is another interesting tale in the history of finance. The stock exchange in London was initially an open market based on Exchange Alley. Jonathans Coffee House was a popular financial center where many London dealers conducted their financial activities. This Coffee House was later renamed The Stock Exchange.
Over the years, Wall Street gradually picked up business with varied kinds of traders offering countless shares to the public. As time went by, many new banks also began to operate in the market offering attractive deals such as treasury bonds. - 23200
Companies selling pieces of their business to the public is not a new idea. The financial markets have been a platform for buyers and sellers, where, ideally,both parties share a mutually profitable relationship. The stock market is like the financial backbone of a country- a location where shares of numerous companies are bought and sold. In the United States there are three major stock markets that play a crucial role in shaping the economy- the Nasdaq, the New York Stock Exchange and the American Stock Exchange.
Wall Street is one of the most important financial center in the United States. During the 17th century, long before New York City became what it is today, there was a high wall built as a defense against British attackers. When the wall came down the name of the street remained, Wall Street.
Even though we view Wall Street as the financial center of the United States, history has a different story to tell. You may not know that Boston was originally the countrys financial hub. Boston dealers played an active role in buying and selling various kinds of commodities as well as trading bonds for contracts such as bridges and canals. It is difficult to think of the financial hub of America as something other than Wall Street. However history clearly points to the importance of the Boston dealers in creating an active financial market, similar to the one found in Wall Street today.
Other countries similarly conducted their financial dealings through their own financial marketplaces. For example, the city of Paris carried out its economic pursuits on Rue de Quincampoix.
The story of the London market is another interesting tale in the history of finance. The stock exchange in London was initially an open market based on Exchange Alley. Jonathans Coffee House was a popular financial center where many London dealers conducted their financial activities. This Coffee House was later renamed The Stock Exchange.
Over the years, Wall Street gradually picked up business with varied kinds of traders offering countless shares to the public. As time went by, many new banks also began to operate in the market offering attractive deals such as treasury bonds. - 23200
About the Author:
C.L. Sommer is a frequent contributor to WallStreetSWAT.com, the best source for financial news, real time stock quotes, economic data and more - offering the Special Weapons and Tactics shareholders need to navigate the complicated financial markets.
posted by X - Men @ 7:15 AM
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