answersLogoWhite

0

The Chicago Board of Trade (CBOT) was created in 1848 by a group of merchants and traders in Chicago who sought to establish a centralized marketplace for the trading of agricultural commodities. Key figures in its founding included entrepreneurs like William E. McCagg and others who recognized the need for a formalized trading system to facilitate the buying and selling of grain and other goods. The CBOT became the first organized futures exchange in the United States, significantly shaping the agricultural market.

User Avatar

AnswerBot

3w ago

What else can I help you with?