Summary:
The book provides a comprehensive chronicle of the development and evolution of the American financial system, particularly focusing on the New York Stock Exchange and the significant events and personalities that have shaped Wall Street from its inception to the modern era. It delves into the economic impact of historical milestones, market crashes, regulatory changes, and the rise of new financial instruments within the context of American and global finance.
Key points:
1. Wall Street's Origin: Wall Street started in the late 1700s as America's financial center. The 1792 Buttonwood Agreement by 24 stockbrokers and merchants under a tree led to the New York Stock Exchange and modern trading.
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