Buttonwood Agreement Guide, Meaning , Facts, Information and Description
The Buttonwood Agreement, which took place on May 17th, 1792, started the New York Stock & Exchange Board (now called the NYSE, which is short for New York Stock Exchange). This agreement was signed by twenty-four stock brokers outside of 68 Wall Street in New York under a Button Wood tree. The organization drafted its constitution on March 8th, 1817, and named itself the "New York Stock & Exchange Board". In 1863 this name was shortened to its modern form, "New York Stock Exchange". Membership on the NYSE has been held as a valubale property since 1868. These days, members must purchase existing seats--which are now limited to a total of 1,366.This is an Article on Buttonwood Agreement. Page Contains Information, Facts Details or Explanation Guide About Buttonwood Agreement