FUN WITH MAPS – ISSUE 2021-94 DAILY FEATURE:

By Steve Kovacs (Introduction by Chuck Gibson)

LOVELAND, OH (May 17, 2021) – In Issue 2021-94 of Steve Kovacs Fun with Maps, we learn about the formation of the NYSE in late 18th century.

NYSE to Close Trading Floor After Two Positive Coronavirus Tests - WSJ

The trading floor of the NYSE – (Stock Image) 

Stocks

If you would like to own a piece of a publicly traded company, just buy its stock. 

In the US, owning and trading stocks was hugely enabled in 1792 on this day when 24 merchants signed the Buttonwood Agreement, which in essence formed the New York Stock Exchange (NYSE) at 70 Wall Street.

The Market Capitalization, or total value of traded stocks, of the NYSE is about $26 trillion currently which is about $2 trillion below the current US National Debt.  The US National Debt works out to be the equivalent of $225,000 per taxpayer. 

Here is a map showing New York’s lower Manhattan with Wall Street included as it was in 1775.  The version shown here appeared in the 1855 edition of the then popular Valentine’s Manual, which was published annually by the City.

Map showing New York’s lower Manhattan with Wall Street – 1775 (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.