The Coffee Shop Stock Exchange
<p>The Buttonwood Agreement, as it came to be known, effectively launched the New York Stock Exchange. Signed by 24 stockbrokers on 17th May, 1792, it promised two things - that they would trade exclusively and directly with each other, and that they wouldn’t undercut each other’s commission.</p><br><p>But they had no permanent building, and only a tiny number of companies to trade. So, until 1817, traders met at Tontine Coffee House at 82 Wall Street - a riotous and dynamic backdrop against which to do business.</p><br><p>In this episode, Arion, Rebecca and Olly learn what a Buttonwood is; reveal which sitting U.S. President was the first to step foot in the NYSE; and explain what (presumably) happens in the complicated second act of ‘Hamilton’...&nbsp;</p><br><p><strong>Further Reading:</strong></p><p><strong>• ‘</strong>8 March 1817: the New York Stock Exchange is formed’ (MoneyWeek, 2020): <a href="https://moneyweek.com/429720/8-march-1817-the-new-york-stock-exchange-is-formed" rel="noopener noreferrer" target="_blank">https://moneyweek.com/429720/8-march-1817-the-new-york-stock-exchange-is-formed</a></p><p>• ‘The Tontine Coffee House’ (Narratively, 2013): <a href="https://narratively.com/the-tontine-coffee-house/" rel="noopener noreferrer" target="_blank">https://narratively.com/the-tontine-coffee-house/</a></p><p>• ‘Hidden History: Wall Street’ (HISTORY):</p><p><a href="https://www.youtube.com/watch?v=fOPw0x0yGJc" rel="noopener noreferrer" target="_blank">https://www.youtube.com/watch?v=fOPw0x0yGJc</a></p><br><p><strong>For bonus material and to support the show, visit</strong><a href="https://create.acast.com/episodes/ca1f94a1-0921-446a-ae00-4d4bfd2ba3ef/Patreon.com/Retrospectors" rel="noopener noreferrer" target="_blank"><strong>&nbsp;</strong></a><a href="http://patreon.com/Retrospectors" rel="noopener noreferrer" target="_blank"><strong>Patreon.com/Retrospectors</strong></a></p><p><strong>We'll be back tomorrow! Follow us wherever you get your podcasts:</strong><a href="https://create.acast.com/episodes/ca1f94a1-0921-446a-ae00-4d4bfd2ba3ef/podfollow.com/Retrospectors" rel="noopener noreferrer" target="_blank"><strong>&nbsp;</strong></a><a href="http://podfollow.com/Retrospectors" rel="noopener noreferrer" target="_blank"><strong>podfollow.com/Retrospectors</strong></a></p><br><p><em>The Retrospectors are Olly Mann, Rebecca Messina & Arion McNicoll, with Matt Hill.</em></p><p><em>Theme Music: Pass The Peas. Announcer: Bob Ravelli. Graphic Design: Terry Saunders. Edit Producer: Alexa Weissman.</em></p><p><em>Copyright: Rethink Audio / Olly Mann 2022.</em></p><br /><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>
Today In History with The Retrospectors
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Show Notes
The Buttonwood Agreement, as it came to be known, effectively launched the New York Stock Exchange. Signed by 24 stockbrokers on 17th May, 1792, it promised two things - that they would trade exclusively and directly with each other, and that they wouldn’t undercut each other’s commission.
But they had no permanent building, and only a tiny number of companies to trade. So, until 1817, traders met at Tontine Coffee House at 82 Wall Street - a riotous and dynamic backdrop against which to do business.
In this episode, Arion, Rebecca and Olly learn what a Buttonwood is; reveal which sitting U.S. President was the first to step foot in the NYSE; and explain what (presumably) happens in the complicated second act of ‘Hamilton’...
Further Reading:
• ‘8 March 1817: the New York Stock Exchange is formed’ (MoneyWeek, 2020): https://moneyweek.com/429720/8-march-1817-the-new-york-stock-exchange-is-formed
• ‘The Tontine Coffee House’ (Narratively, 2013): https://narratively.com/the-tontine-coffee-house/
• ‘Hidden History: Wall Street’ (HISTORY):
https://www.youtube.com/watch?v=fOPw0x0yGJc
For bonus material and to support the show, visit Patreon.com/Retrospectors
We'll be back tomorrow! Follow us wherever you get your podcasts: podfollow.com/Retrospectors
The Retrospectors are Olly Mann, Rebecca Messina & Arion McNicoll, with Matt Hill.
Theme Music: Pass The Peas. Announcer: Bob Ravelli. Graphic Design: Terry Saunders. Edit Producer: Alexa Weissman.
Copyright: Rethink Audio / Olly Mann 2022.
Hosted on Acast. See acast.com/privacy for more information.
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