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Worry is rust upon the blade. By Henry Ward Hughes Find out about Wall Street Crash Great Depression
The Rise Of Wall Street: History Of The Stock Market
Stock Market is an avenue from which stocks of companies are bought and sold.
For some, they thought that stock market and Wall Street are the same. Wall Street in New York is just one example of a stock market.
Wall Street though is very significant in a sense that this is were the concept of stock market started.
The Wall Street establishment was built in 1653. Its purpose then is for defense and not for commerce. Dutch settlers fortressed themselves from Native Americans and British by building a 12 foot stockade fence,
In 1685, the wall was torn down and replaced by a new street. The British named it Wall Street.
The Stock Exchange
Wall Street is made famous with the emergence of two powerful stock exchanges. This resulted in the chaotic trading which turned out to be the financial markets that we know today.
The first stock exchange in the United States was founded in 1790 in Philadelphia. Two years later, a group of New York traders met and thought about setting up a security business. These 24-man groups are the founders of the New York Stock Exchange.
In 1817, the New York merchants were upset by the bad state of their stock exchange.
They sent one of their members to Philadelphia to take a look at their trading. The representative found out that Philadelphia is doing well in their exchange. The merchant returned to New York and discussed to the group how things were being done in Philadelphia. Shortly after, the "New York Stock and Exchange Board" was formally organized.
The exchange center was inaugurated on Wall Street. The rest was history. From a troubled beginning, the New York Stock exchange emerged as the place where billions of dollars worth of stocks and bonds are traded each day.
But the success of Wall Street did not happen overnight. In the early 1990's, the New York Stock Exchange was already on the rise. But this financial boom could not be sustained. In 1929, the stock market crashed, shocked the world and caused the Great Depression.
Although the economy eventually recovered, the mistakes of the Great Depression haunted them back. In 1987, the stock market again crashed. The crash was so crippling that the Dow Jones suffered the largest single-day loss in the stock market's history.
Since then, the government and the industry have been trying to set up measures to prevent such a large-scale crash. Now, the stock market is an essential component in the world's economy. Proper safeguards and systems to reduce or prevent another stock market crash are of utmost importance.
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 1929 WALL STREET JOURNAL newspaper STOCK MARKET CRASH BEGINS Great Depression  US $120.00
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 Oct 29 1929 newspaper NY STOCK MARKET CRASH Great Depression begins WALL STREET US $200.00
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Do you feel its right for Wall-street to be making demands while demanding 700 billion dollars ?
My teacher explained to me that from the time Jesus died if we were to receive 1 million dollars a day from then to now we still wouldn't have 700 billion dollars. that's a lot of money !!! But like i was saying My teacher said Wall-Street is Demanding/Black-Mailing Congress to pay them 700 billion dollars or the Economy will crash like it has never before. But the making 3 key demands. 1.They Cant Know Who is getting what share. 2.They Cant review where they spend the money and 3.They cant review how they spend the money. so basically Congress is just writing a blank check for 700 billion dollars n just handing it to Wall-Street to do with it what they please. isn't that a VERY RISKY move ? Even tho the Economy will crumble if nothing is done do u really believe 700 bil. is worth it ? because if you think of it, if wall-street crashes hundreds of thousands of jobs will be lost and it will be some what like the great depression again....
No its not!
Write your Rep! Tell them no Bailout for wallstreet fat cats!
Dear Senator Snowe (your senator here),
I am writing this short message in order to ask that you please vote no on any financial bailout package. The Wall Street Banks and other institutions involved have made bad bets, doubled down, and lost again. When I make a poor investment choice the government does not swoop in and change the rules just for me. We need to reattach risk and reward, and rewarding the banks for making bad loans and betting huge, at 30 to 1 margin, is no way to send that message. Lets stop privatizing gains and socializing losses. I am an active investor and I have never seen this kind of government intervention end well.
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