The idea of the agreement was to make the market more "structured" and "without the manipulative auctions", with a commission structure. Persons signing the agreement agreed to charge each other a standard commission rate; persons not signing could still participate but would be charged a higher commission for dealing.
39:39 "You can't look at where wall st's been for the last 10 years, you gotta look where wall st's been for the last 200 years" In 1789, Wall Street was the scene of the United States' first presidential inauguration when George Washington took the oath of office on the balcony of Federal Hall on April 30, 1789. Alexander Hamilton, who was the first Treasury secretary and "architect of the early United States financial system," is buried.
you can fool some people some time but u cant fool all of the people all of the time
dtp5150 1 month ago
The idea of the agreement was to make the market more "structured" and "without the manipulative auctions", with a commission structure. Persons signing the agreement agreed to charge each other a standard commission rate; persons not signing could still participate but would be charged a higher commission for dealing.
dtp5150 1 month ago
In 1792, traders formalized their association with the Buttonwood Agreement which was the origin of the New York Stock Exchange.
dtp5150 1 month ago
39:39 "You can't look at where wall st's been for the last 10 years, you gotta look where wall st's been for the last 200 years" In 1789, Wall Street was the scene of the United States' first presidential inauguration when George Washington took the oath of office on the balcony of Federal Hall on April 30, 1789. Alexander Hamilton, who was the first Treasury secretary and "architect of the early United States financial system," is buried.
dtp5150 1 month ago