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Podcast: Today In History with The Retrospectors
Episode: The Coffee Shop Stock Exchange
Description: 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 Bu...