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Historical Timeline - NYSE

AMERICAN STOCK EXCHANGE. Historical Timeline AMERICAN STOCK EXCHANGE. Historical Timeline 1790. The federal government issues $80 million in bonds to repay Revolutionary War debt, marking the birth of the investment markets. Two years later, 24. stockbrokers sign the Buttonwood Agreement and eventually move to From nearby office the Tontine Coffee House to trade. windows, clerks Other brokers continue trading in communicate buy the street. and sell orders to their brokers using hand signals. 1840s During the California Gold Rush, curbstone brokers 1859. make markets for mining Petroleum is discovered in companies, facilitating western Pennsylvania and oil 1890s development of a new and stocks are soon traded on the The curb market moves to Broad rapidly growing industry. curb market. Street near Exchange Place. 1904. Emanuel S. Mendels 1864 begins to organize the Open Board of curb market to promote 1830s Stock Brokers sound and ethical opens, founded dealings.

The American Stock Exchange has a long and colorful history. Originally known as “curbstone brokers,” the ancestors of today’s Amex market

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