History of the Stock Market
The History Of The Stock Market
From Boats to Brokers
In 1604, the Dutch East India Company held the world’s first initial public offering that allowed investors to buy shares in its ship’s voyages.
Over the years that followed, in the wake of this first IPO, the world’s first stock exchange formed in Amsterdam out of a need to trade those shares among investors.
Once the Erie Canal opened in the early 1800s, Wall Street was already well on its way to becoming the money capital of America. So it made sense for the New York Stock Exchange to solidify its operations on Wall Street.
So ubiquitous is Wall Street, it’s become a catch-all term for the financial markets of the US.
Wall Street has seen buildings rise and fall, horse-drawn carriages give way to horseless ones, and countless fashions come and go. That doesn’t mean the stock market hasn’t seen adversity.
The Standard & Poor’s 500 index has seen a correction of 10% or more 28 times since 1950, once every nine quarters on average.
The market has been up before. The market has been down before. And the market will be up and down again.
What’s important is that we build your portfolio in a way that reflects your goals, risk tolerance, and time horizon.