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Buttonwood Agreement
The Buttonwood Agreement is the founding document of what is now the New York Stock Exchange and is one of the most important financial documents in U.S. history. The agreement organized securities trading in New York City and was signed on May 17, 1792 between 24 stockbrokers outside of 68 Wall Street. According to legend the signing took place under a platanus occidentalis, buttonwood tree where their earliest transactions had occurred. The New York Stock Exchange celebrates the signing of this agreement on May 17, 1792 as its founding. History In March 1792, twenty-four of New York's leading merchants met secretly at Corre's Hotel to discuss ways to bring order to the securities business. Two months later, on May 17, 1792, the group signed a document called the Buttonwood Agreement, named after their traditional meeting place under a buttonwood tree – not because it was signed there. There were too many brokers involved to meet under a tree. Business was conducted in vari ...
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Buttonwood
Buttonwood or Buttonwoods may refer to: * "Buttonwood", a finance column in ''The Economist'' * Buttonwood Agreement, 1792 effort to organize securities trading that created the predecessor of the New York Stock Exchange Plants Buttonwood or button wood might refer to: * ''Conocarpus'', a genus of flowering plants native to tropical regions of the world, particularly: **''Conocarpus erectus'', native to tropical and subtropical regions around the world * ''Platanus'', a genus of tree species native to the Northern Hemisphere, particularly: **''Platanus occidentalis'', native to North America * ''Glochidion'', a genus of flowering plants distributed from Madagascar to the Pacific Islands, particularly: **''Glochidion ferdinandi'', native to eastern Australia Places * Buttonwood, Pennsylvania, a village along Pennsylvania Route 284 * Buttonwood Corners, New Jersey, an unincorporated community * Buttonwood Covered Bridge, a covered bridge in the US state of Pennsylvania Institu ...
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Pearl Street (Manhattan)
Pearl Street is a street in the Financial District in Lower Manhattan, running northeast from Battery Park to the Brooklyn Bridge with an interruption at Fulton Street, where Pearl Street's alignment west of Fulton Street shifts one block south of its alignment east of Fulton Street, then turning west and terminating at Centre Street. History 17th century Pearl Street takes its name from a prominent Lenape shell midden that was located on its southern section, and that may have also marked a Lenape canoe landing. The colonial history of Pearl Street dates back to the early 1600s. A cow path at first, it was laid out in 1633. It lay along a beachy area known as the Strand. Its name is an English translation of the Dutch Parelstraat (written as Paerlstraet around 1660). The street is visible on the Castello Plan along the eastern shore of New Amsterdam, together with Schreyers Hook Dock (cf. Amsterdam's Schreierstoren) built by Broad Canal as the city's first wharf in 16 ...
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1792 In Economic History
Year 179 ( CLXXIX) was a common year starting on Thursday of the Julian calendar. At the time, it was known as the Year of the Consulship of Aurelius and Veru (or, less frequently, year 932 ''Ab urbe condita''). The denomination 179 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman empire * The Roman fort Castra Regina ("fortress by the Regen river") is built at Regensburg, on the right bank of the Danube in Germany. * Roman legionaries of Legio II ''Adiutrix'' engrave on the rock of the Trenčín Castle (Slovakia) the name of the town ''Laugaritio'', marking the northernmost point of Roman presence in that part of Europe. * Marcus Aurelius drives the Marcomanni over the Danube and reinforces the border. To repopulate and rebuild a devastated Pannonia, Rome allows the first German colonists to enter territory controlled by the Roman Empire. Asia * ...
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1792 In New York (state)
Year 179 (Roman numerals, CLXXIX) was a common year starting on Thursday of the Julian calendar. At the time, it was known as the Year of the Consulship of Aurelius and Veru (or, less frequently, year 932 ''Ab urbe condita''). The denomination 179 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman empire * The castra, Roman fort Castra Regina ("fortress by the Regen river") is built at Regensburg, on the right bank of the Danube in Germany. * Roman legionary, Roman legionaries of Legio II Adiutrix, Legio II ''Adiutrix'' engrave on the rock of the Trenčín Castle (Slovakia) the name of the town ''Laugaritio'', marking the northernmost point of Roman presence in that part of Europe. * Marcus Aurelius drives the Marcomanni over the Danube and reinforces the border. To repopulate and rebuild a devastated Pannonia, Ancient Rome, Rome allows the first German ...
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18th Century In New York City
18 (eighteen) is the natural number following 17 and preceding 19. It is an even composite number. Mathematics 18 is a semiperfect number and an abundant number. It is a largely composite number, as it has 6 divisors and no smaller number has more than 6 divisors. There are 18 one-sided pentominoes. In the classification of finite simple groups, there are 18 infinite families of groups. In science Chemistry * The 18-electron rule is a rule of thumb in transition metal chemistry for characterising and predicting the stability of metal complexes. In religion and literature * The Hebrew word for "life" is ('' chai''), which has a numerical value of 18. Consequently, the custom has arisen in Jewish circles to give donations and monetary gifts in multiples of 18 as an expression of blessing for long life. * In Judaism, in the Talmud; Pirkei Avot (5:25), Rabbi Yehudah ben Teime gives the age of 18 as the appropriate age to get married (''"Ben shmonah esra lechupah"'', at ei ...
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CNBC
CNBC is an American List of business news channels, business news channel owned by the NBCUniversal News Group, a unit of Comcast's NBCUniversal. The network broadcasts live business news and analysis programming during the morning, Daytime television in the United States, daytime trading day, and early-evening hours, with the remaining hours (such as weekday prime time and weekends) are filled by business-related Television documentary, documentaries and reality television programming, as well as occasional NBC Sports presentations. CNBC operates an accompanying financial news website, CNBC.com, which includes news articles, video and podcast content, as well as subscription-based services. CNBC's headquarters and main studios are located in Englewood Cliffs, New Jersey, while it also maintains a studio at the Nasdaq MarketSite in Times Square, New York City. CNBC was originally founded in April 1989 as the Consumer News and Business Channel, a joint venture between NBC ...
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Hanover Square, Manhattan
Hanover Square is a square with a public park in the Financial District of Lower Manhattan in New York City. It is triangular in shape, formed by the intersections of Pearl Street and Hanover Street; Pearl Street and a street named "Hanover Square" itself (whose opposite side of Pearl continues as Hanover St.; and William Street (northern continuation of "Hanover Square" street) and Stone Street. The side between Hanover/Pearl intersection and William/Stone intersection is a pedestrian pathway along the building front facing the square and Pearl Street. Most surrounding buildings are primarily commercial. The square's pocket park is the Queen Elizabeth II September 11th Garden, maintained by the New York City Department of Parks, and has an area of or . History The square was named for the House of Hanover in 1714 when King George I ascended to the throne. For many years, Hanover Square was the center of New York's commodity market, with the New York Cotton Exchange ...
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Greenwich Street, Manhattan
Greenwich Street is a north–south street in the New York City borough of Manhattan. It extends from the intersection of Ninth Avenue and Gansevoort Street in the Meatpacking District at its northernmost end to its southern end at Battery Park. Greenwich Street runs through the Meatpacking District, the West Village, Hudson Square, and Tribeca. Main east–west streets crossed include, from north to south, Christopher Street, Houston Street, Canal Street, and Chambers Street. North of Canal Street, traffic travels northbound on Greenwich Street; south of Canal Street, it travels southbound. History The earliest documentation of Greenwich Street came in the 1790s, when it ran parallel to the Hudson River. At that time it was called 'Road to Greenwich', as it was the only continuous road from Lower Manhattan to Greenwich Village other than Broadway. By the late 18th century, lower Greenwich Street had become part of one of the most fashionable residential neighborhoods ...
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Broadway (Manhattan)
Broadway () is a street and major thoroughfare in the U.S. state of New York (state), New York. The street runs from Battery Place at Bowling Green (New York City), Bowling Green in the south of Manhattan for through the Boroughs of New York City, borough, over the Broadway Bridge (Manhattan), Broadway Bridge, and through the Bronx, exiting north from New York City to run an additional through the Westchester County, New York, Westchester County municipalities of Yonkers, New York, Yonkers, Hastings-on-Hudson, New York, Hastings-on-Hudson, Dobbs Ferry, New York, Dobbs Ferry, Irvington, New York, Irvington, Tarrytown, New York, Tarrytown, and Sleepy Hollow, New York, Sleepy Hollow, after which the road continues, but is no longer called "Broadway".It is variously called the Albany Post Road and Highland Avenue, or both.There are four other streets named "Broadway" in New York City's remaining three boroughs: one each in Brooklyn (Broadway (Brooklyn), see main article) and Stat ...
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Ephraim Hart
Ephraim Hart (1747 – July 16, 1825) was an American merchant who helped to organize the Board of Stock-Brokers, now known as the New York Stock Exchange. Biography Hart was born in Fürth, a city in the region of Franconia which lies now in Bavaria, Germany. Since 1440, a prospering Jewish community existed in Fürth. Hart's original surname was Hirz which he changed when he came to the United States. By 1782, he was residing as a merchant in Philadelphia, and in that year he joined the Mickvé Israel congregation. In 1783, he married Frances Noah, sister of Manuel Noah, and their son was Joel Hart. Later, he moved to New York and engaged in the commission and brokerage business. On April 2, 1787, he was registered as an elector of the Shearith Israel congregation. By 1792, he had become one of the most successful merchants in the City, and at this time he helped to organize the Board of Stock-Brokers, now known as the New York Stock Exchange, being one of the signatori ...
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Nassau Street (Manhattan)
Nassau Street is in the Financial District, Manhattan, Financial District, within the borough (New York City), borough of Manhattan in New York City. Its southern end is at the intersection with Broad Street (Manhattan), Broad Street and Wall Street, and its northern end is at Spruce Street (Manhattan), Spruce Street, at Pace University near the foot of the Brooklyn Bridge. For its entire route, Nassau Street runs one block east of Broadway (Manhattan), Broadway and Park Row (Manhattan), Park Row. History Nassau Street was originally called Kip Street, after an Hendrick Hendricksen Kip, early Dutch settler family, but was subsequently named in honor of the royal family of the Netherlands, the House of Orange-Nassau. It was named some time before William III of England, William of Nassau, the Dutch prince who became King William III of England, so that is not the origin of the name, despite how easily it could be mistaken as such. Nassau Street once housed many of the city's news ...
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George W
George Walker Bush (born July 6, 1946) is an American politician and businessman who was the 43rd president of the United States from 2001 to 2009. A member of the Bush family and the Republican Party (United States), Republican Party, he is the eldest son of the 41st president, George H. W. Bush, and was the 46th governor of Texas from 1995 to 2000. Bush flew warplanes in the Texas Air National Guard in his twenties. After graduating from Harvard Business School in 1975, he worked in the oil industry. He later co-owned the Major League Baseball team Texas Rangers (baseball), Texas Rangers before being elected governor of Texas 1994 Texas gubernatorial election, in 1994. Governorship of George W. Bush, As governor, Bush successfully sponsored legislation for tort reform, increased education funding, set higher standards for schools, and reformed the criminal justice system. He also helped make Texas the Wind power in Texas, leading producer of wind-generated electricity in t ...
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