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Monday, May 17, 2010

Today's Highlights:

Monday, May 17, 2010

Monday, May 17, 2010
Answer of the Day
What was the 'Buttonwood Agreement'? On this date in 1792, the New York Stock Exchange was organized by a group of 24 brokers meeting on the corner of New York City's Wall and Water Streets. They made their first transactions under a buttonwood tree (also known as an American sycamore tree) on Wall Street, where they would meet in fair weather — hence, the name "Buttonwood Agreement." On rainy days, the brokers retreated to a nearby coffee house. Today, the area has become the hub of the US financial world, housing the NYSE and Nasdaq, as well as the offices of many of the country's most powerful brokerage firms.
"Let Wall Street have a nightmare and the whole country has to help get them back in bed again." Will Rogers
Word of the day

Today's History
Running the Kentucky Derby  
Running the Kentucky Derby

Today's Birthdays
Sugar Ray Leonard  
Sugar Ray Leonard

Related topics:
French Republican Calendar/Yx+1

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