Worth Reading: Good News in History, March 8 | A Sign of Progress
Worth Reading: Good News in History, March 8 | A Sign of Progress Why this story matters: This story offers a refreshing look at how practical solutions and human effort can create real, positive change. Quick summary: This story highlights recent developments related to on this day, showing how constructive action can lead to meaningful results. 199 years ago today, the New York Stock & Exchange Board (NYSE) was formally founded, having started out as merely 24 individual stockbrokers meeting under a buttonwood tree in lower Manhattan 25 years before. It is now the largest stock trading organization in the world, with $44 trillion in market capitalization, and 2,200 stocks listed on the exchange. It has become a landmark institution in New York City life, deeply affecting city newspapers, the real estate around Wall Street and Broad Street, and giving the city its famous “ticker tape parades” after the material that transmitted stock prices over telegraph lines. WATCH a whacky trader give a tour of the floor… (1817) The floor of the New York Stock…