US and China stock market history
Written by OnlineLoan on 05:29US and China stock market history
American and Chinese negotiable securities transaction all long history. Two have the phenomenon history with two to have the great rise and to be extremely bad down.
The New York Stock Exchange or NYSE have been formed in May 17, 1792. 24 deposited the broker to sign the agreement to call the Buttonwood agreement in certainly under but any other, buttonwood tree. This is the New York Stock Exchange committee's start in its initial period. Before March 8, in 1863 1,817 names suit the official and later to any us completely now knew took the New York Stock Exchange. The NYSE place started to rent in a small room is $,200 each month in 1,817 is located 40 Wall Street. Grows and then the growth from it 1. room we knew today beside the growth to the building.
In 1866 first trade share in Shanghai stock market in. In 1,891 in mining share period is prosperous, the foreign merchant established "the Shanghai stockbroker association" headquarters to be located in Shanghai worked as Chinese the first official stock market. In 1904, the association applies for the application and changes name in Hong Kong in under the company law supply as "we knows today by that same name Shanghai stock market".
Before 30's, the Shanghai stock market has become the far east financial center, and can trade the stock, the national debt, the corporate debt with the person from China from other countries, with future. The stock market several years have halted when 1941 on December 8 in 1946 and some when invade the Japanese self-defense force internationally seized Shanghai to solve. By 1,949 Shanghai stock market closed conclusion to communism rise.
In 1978 after Great Cultural Revolution, Deng Xiaoping has opened China again to the world. Has come back by 1,990 Shanghai stock market in the motion suspended the operation in it since 1949.
Various stock market has for many years endured many difficulties. In October 24, 1929, Wall Street collapsed in 1929, also called '29 and black Thursday collapsed, middle which is which most destroyed the stock market falls suddenly in the American history. The quotation on
stock exchange collapsed in NYSE. The stock price falls in that day and they continues the whereabouts, by is unprecedented rate, a full month. This causes the nation nearly to melt. This financial opening world felt, in Shanghai stock market.
As mentions forwards, the Shanghai stock exchange bore two main impacts; , which is Japanese occupation 1946 and the abolition of the enterprises for more rueber 40 years 1950.
Both of these stock exchanges went through years of, which experts probably durable life would call, but starting from the gift they flowering both are. On July 19., 2007, Dow Jones of industrieller average at the NYSE, closed over 14.000 for the first time in its history. 2007 "rush form a stock exchange rage" as speculative dealers into the market and temporarily of China stock exchange of the world, which is expressed in second place largest in conversion.
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