Learning from the past helps us mange present day cases!
The origins of any stock market or exchange began with one insightful person realising that the incorporation of funds is the way to operate on a much larger scale than any individual should dare operate a business. The roots of the above mentioned and many other stock markets throughout the world came to fruition due to the industrial revolution that began in Europe easily four centuries in the past. Most "markets" were initially "hawkings" of shares on street corners.
Individuals who wanted to own a piece of a large business purchased these shares. This type of joint ownership was the ingenious way large companies were able to open their doors and sustain years of financial fortitude in what first seemed an unsteady industrial age.
What we know today in the United States as the New York Stock Exchange was no exception to the overall wonder of the financial history in any country around the world. As with each country that have a stock market history, the formulation of the economy was marked by these stock markets. The stock market history is incredibly unique. Each stock market established around the globe flowed with a divine interchange swelling economies toward the future. That's not to say downfalls never occurred.
Quite the contrary is true. One of the first of these organized exchanges occurred in New York City in 1792 under a buttonwood tree in what is now called Battery Park. Each country bears its own unique history. Twenty-three financial leaders signed an agreement of rules, regulations and fees that would bind and further the authenticity of the capabilities of the New York Stock Exchange. It began as simply as securities being auctioned and sold as stocks to the highest bidder.
It continued with stock brokers offering to buy, sell, and trade stocks. Stock brokers doing what they do best. The seller paid the exchange a commission on all stocks or bond sold and the rest as they say is history. Scars from a 1920 bombing on the building that houses what we know today as the New York Stock Exchange (NYSE) are a reminder to the susceptibility for dangerous and angry individuals to seek out those who are perceived to be in power and attack them.