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Tuesday, March 16, 2010

New York Stock Exchange Reaches an All-Time Low

Today, the number of shares traded daily at the New York Stock Exchange numbers in the billions. But 180 years ago today – on March 16, 1830 – only thirty-one shares changed hands in both the morning and afternoon sessions, an all-time low. A typical day in the 1830s saw well over 1,000 shares traded and by 1835 daily volume would reach 8,500 shares.

In 1830, the exchange was located in rented quarters at 40 Wall Street. Five years later that building – along with most of Wall Street – would be engulfed by the Great Fire of 1835, a huge conflagration that destroyed 600  buildings downtown.

After moving a couple of times in the 19th century, the exchange finally settled on Broad Street; its current home, designed by George B. Post, opened in 1903.

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Read more about the New York Stock Exchange
 Inside the Apple: A Streetwise History of New York City
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