4 ms·
I think it's harder than you might think. The New York Stock Exchange was founded in 1792 (229 years ago), there's a lot of things that can wrong over the cours
by remus 5y ago
I think it's harder than you might think. The New York Stock Exchange was founded in 1792 (229 years ago), there's a lot of things that can wrong over the course of 500 years to mean funding for your project would disappear. Wars, civil unrest, large environmental events etc. are all pretty much guaranteed over a 500 year time span.
- londons_explore 5y agoHow many NYSE stocks that existed at the start still exist today?
- gzer0 5y agoThere weren't any "stocks" originally signed under the Buttonwood Agreement [1]; it was a consortium of 24 individual brokers [1]. [1] https://en.wikipedia.org/wiki/Buttonwood_Agreement https://en.wikipedia.org/wiki/Buttonwood_Agreement
- dhosek 5y agoAccording to this page https://finance.zacks.com/first-company-offered-new-york-stock-exchange-6616.html https://finance.zacks.com/first-company-offered-new-york-sto... the first five stocks listed included the Bank of New York which still exists as BNY Mellon. It doesn't indicate what the other four stocks were, but presumably they no longer exist (The NYSE page on Wikipedia lists other traded securities as shares in The First Bank of the United States (defunct in 1821) and the Bank of North America (which became a private institution (it was previously the de facto central bank of the nascent U.S.) in 1785 before merging with Commercial Trust Company in 1923. Its successor institutions were eventually acquired by Wells Fargo so presumably if you'd bought shares in 1785 and held on to them for the next 236 years you'd now be holding shares in Wells Fargo). As far as I can tell all other trading was in government bonds.