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What is the New York Stock Exchange?

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What is the New York Stock Exchange?

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The New York Stock Exchange (NYSE) is a facility where stocks and securities are bought and sold. It is the largest and oldest such exchange in the United States, and one of the major players in the world market as well. Events at the New York Stock Exchange shape the American economy, and also have an impact on American morale, as was clearly demonstrated by the “Black Thursday” crash of 1929 which played a major role in the Great Depression. In 1792, the New York Stock Exchange was founded with the signing of the Buttonwood Agreement. After moving through several locations, the New York Stock Exchange settled into its home on 11 Wall Street in New York City. 1,500 employees work for the New York Stock Exchange, which is run as a non-profit corporation, managed by a board of directors. The New York Stock Exchange lists securities available for sale or trade, oversees stock trades and sales, and sets policies within the stocks and securities industry. Approximately 3,000 companies are

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