By Steve Kovacs (Introduction by Chuck Gibson)

LOVELAND, OH (May 17, 2022) – In Issue 2022-088 of Steve Kovacs Fun with Maps, we learn the simple rule of the stock market and celebrate the founding of the NYSE today.

Buy Low, Sell High

The New York Stock Exchange was founded ion May 17, 1792, with 24 merchants participating.

Now, the market capitalization of its 2400 listings is about $30 trillion.  It is the world’s largest exchange.

Companies issue stocks, which represent partial ownership of said companies.  Then individuals or institutions buy and sell those stocks.  Simple?  Well not quite so as there are many variations to those simple rules and the way the exchange works is quite complex.

The exchange is usually referred to as Wall Street – where it is located in lower Manhattan.

There is just one key rule one needs to know about stocks: buy low, sell high.

Here is a Rand McNally Map of lower Manhattan from 1895.

Lower Manhattan – 1895 (Credit Steve Kovacs)

Steve Kovacs and his wife Theresa reside in Loveland, Ohio where they raised their two children. He is a passionate collector of antique maps.

Visit his antique map boutique world-on-paper online. Watch for his daily feature Steve Kovacs: Antique Maps & Fun Facts here on Loveland Beacon.