About: Database: Buttonwood Agreement   Sponge Permalink

An Entity of Type : owl:Thing, within Data Space : 134.155.108.49:8890 associated with source dataset(s)

Date: Signed 1792 The Buttonwood Agreement is the precursor to the New York Stock Exchange. It was signed in 1792 under a Buttonwood tree on Wall St. - hence the name. Lucky it wasn't a Monkey Puzzle Tree - that would not be a dignified name at all. The agreement itself is fairly simple - 24 local merchants agreed that they would trade only with one another, and that they would take a 0.25% commission on whatever they traded.

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  • Database: Buttonwood Agreement
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  • Date: Signed 1792 The Buttonwood Agreement is the precursor to the New York Stock Exchange. It was signed in 1792 under a Buttonwood tree on Wall St. - hence the name. Lucky it wasn't a Monkey Puzzle Tree - that would not be a dignified name at all. The agreement itself is fairly simple - 24 local merchants agreed that they would trade only with one another, and that they would take a 0.25% commission on whatever they traded.
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abstract
  • Date: Signed 1792 The Buttonwood Agreement is the precursor to the New York Stock Exchange. It was signed in 1792 under a Buttonwood tree on Wall St. - hence the name. Lucky it wasn't a Monkey Puzzle Tree - that would not be a dignified name at all. The agreement itself is fairly simple - 24 local merchants agreed that they would trade only with one another, and that they would take a 0.25% commission on whatever they traded. And in case you're thinking 1792 is too early for there to be stocks to trade, it wasn't - the first war bonds were released by Alexander Hamilton, in 1790, two years before, so you're wrong, and should probably keep your opinion to yourself.
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