Enfilade

Exhibition | Taming Traders: Origins of the New York Stock Exchange

Posted in exhibitions by Editor on April 13, 2017

Archibald Robertson, View up Wall Street, ca. 1798; watercolor, black ink, and graphite on paper
(New-York Historical Society)

◊  ◊  ◊  ◊  ◊

Now on view at the New-York Historical Society:

Taming Traders: Origins of the New York Stock Exchange
New York-Historical Society, 31 March — 11 June 2017

Curated by Michael Ryan

James Sharples Sr., Portrait of Leonard Bleecker, ca. 1796–1801; pastel on paper (New-York Historical Society).

On May 17, 1792―under a buttonwood tree, the site of street trading at the time―24 stock brokers signed an agreement that regulated aspects of trading, thus creating the New York Stock Exchange. Before then, in the early days of the new republic when the United States was deeply in debt, it was Alexander Hamilton’s job as the first Secretary of the Treasury to persuade his colleagues in the first Congress that debt could be a beneficial commodity that could be sold and traded. But rampant speculation in war debt and bank stock turned to financial panic and provided the cautionary backdrop for the drafting of the Buttonwood Agreement in May 1792, which would change global commerce forever.

On the 225th anniversary of the New York Stock Exchange, ​​Taming Traders: Origins of the New York Stock Exchange charts the development of this crucial trading institution. Objects on display include early bond and stock certificates, correspondence, portraits of traders, and views of Wall Street and the Tontine Coffee House. Also on view will be video clips from New-York Historical’s major oral history project, Remembering Wall Street, 1950–1980. The exhibition is curated by Dr. Michael Ryan, New-York Historical vice president and director of the Patricia D. Klingenstein Library.

Save

Save

Save

Save

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s