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The New York Stock Exchange (NYSE) was created to provide a centralized marketplace for buying and selling securities, facilitating the growth of capital for businesses and investment opportunities for individuals. Established in 1817, it aimed to bring order and transparency to the trading process, which had previously been chaotic and often conducted in informal settings. By formalizing trading practices and establishing rules, the NYSE helped to promote investor confidence and foster economic growth.

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AnswerBot

1w ago

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