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The New York Stock Exchange or NYSE is one of the oldest stock exchange institutions in the world, and the biggest by the added value of all its listed companies.
The first form of the NYSE was established in 1792 when 24 brokers signed the Buttonwood Agreement, that basically stated they would only deal to each other while charging a commission of 0.25 percent. The organization was situated in a rented room at 40 Wall Street until that building was destroyed in the Great Fire of 1835.
The New York Stock Exchange building as we know it now was designed by New York architect George B. While he mainly designed commercial buildings, George Post chose a neoclassical style for the Stock Exchange.
The main floor, or the trading floor was one of the biggest spaces in early 20th century New York at 109 by 140 feet with a ceiling height of 72 feet. The New York Stock Exchange was recognized as one of New York’s most imposing and beautiful buildings being listed as a historic landmark in 1978. Things didn’t stop here for this iconic building, as business continued to grow additional floor space was needed. As progress took its toll and electronic trading became more popular the NYSE closed the additional trading rooms created in 1969 and 1988.
The New York Stock exchange became one of the most popular buildings New York has to offer being forever engraved as a pop culture icon with appearances in countless movies and music videos. The Dow stock average soared throughout the Roaring Twenties and many investors aggressively purchased shares, comforted by the fact that stocks were thought to be extremely safe by most economists due to the country’s powerful economic boom. In 1929, the Federal Reserve raised interest rates several times in an attempt to cool the overheated economy and stock market. To make matters worse, many banks had invested their deposits in the stock market, causing these banks to lose their depositors’ savings as stocks plunged.
The stock market crash of 1929 led to a major economic crisis known as the Great Depression. The Roaring Twenties and the stock market crash of 1929 was similar to any other speculative bubble and subsequent crash.
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Get our collection of Stock Market Wallpapers and Background in this collection of great 3D images from Wall Street Graphics. Things progressed over time and in 1817 a constitution was set in place and the title “New York Stock & Exchange Market Board” was established.
Next came a period where the stock market was located on 10-12 Broad Street until the end of the 19th century when business volume grew enough that a definitive and more accommodating location was necessary.
The recognizable facade has 6 imposing Corinthian columns that have a huge pediment made out of marble that is named “Integrity Protecting the Works of Man”. Marble was used to decorate the floor and walls while the temperature was controlled by one of the first air conditioning systems in New York and indeed the world.
In 1922 that need was addressed by the architecture firm of Trowbridge & Livingstone who designed an adjacent office building. Investors soon purchased stocks on margin, which is the borrowing of stock for the purpose of gaining financial leverage. Very soon, stock trading became America’s favorite pastime as investors jockeyed to make a quick killing. Bank runs soon occurred when bank patrons tried to withdraw their savings from banks all at the same time. Jesse Livermore correctly predicted the crash and shorted stocks to profit from the decline, earning him over 100 million dollars. The classic pattern of extreme euphoria and irrational expectations will always lead to devastating financial crashes. The pediment was made by the Piccirilli Brothers and included sculptures by John Quincy Adams Ward. Investors mortgaged their homes and foolishly invested their life savings into hot stocks such as Ford and RCA. On Thursday, October 24th 1929, a spate of panic selling occurred as investors began to realize that the stock boom was actually an over-inflated speculative bubble.
Major banks and brokerage firms became insolvent, adding more fuel to the stock market crash. Mass poverty became common and many workers lost their jobs and were forced to live in shanty towns.

The new stock market building was completed in close to two years at a cost of nearly $4 million. In 1988 the Blue Room was extended and fitted with cutting edge technology to facilitate better display and communication. Margin investors were being decimated as large numbers of stock investors tried to liquidate their shares to no avail. Kennedy’s father, sold his stocks before the 1929 stock market crash and kept millions of dollars of profit. Former millionaire businessmen were reduced to selling apples and pencils on street corners.
This image is free to use, however you wish as long as it remains the footer remains intact and all credit goes to Wall Street Graphics. Few people actually studied the finances and underlying businesses of the companies that they invested in. Millionaire margin investors went bankrupt almost instantly when the stock market crashed on October 28th and 29th. Many bankrupt speculators, some who were once very affluent, committed suicide by jumping out of buildings. Kennedy decided to sell his stocks because he overheard shoeshine boys and other novices speculating on stocks, leading him to believe that the stock market had been experiencing a speculative bubble. If a stock drops too much, a margin holder could lose all of their investment and possibly owe money to their broker as well.
Even bank patrons who had not invested in shares became broke as $140 billion of depositor money disappeared and 10,000 banks failed. In just three days, over $5 billion worth of market capitalization had been erased from stocks that were trading on the New York Stock Exchange. By the end of the 1929 stock market crash, a staggering $16 billion worth of market capitalization had been lost from NYSE stocks.

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