- Sep 27, 2005
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The Real Deal
In the late 1700's, NYC was second only to Charleston, SC for the busiest slave market and could boast that more than 20% of it's population were slaves.
http://www.theawfultruth.com/nyc/
1711 - The NYC version of the slave market opened on Wall Street, Outdoors, that is.
1792 - In March @ the Corres’ Hotel 24 merchant’s met secretly to CHANGE:
A. the auctioning process
B. the securities business
1792 - On May 17th a document (e.g. the Buttonwood Agreement was named After their common meeting place under a buttonwood tree) was signed calling for the trading of securities within the 24 members of the group which was later would become known as The New York Stock Exchange.
1785 - Federal Hall --also built on Wall Street-- established NYC as The “US National Capitol” until 1790, that is.
George Washington (e.g. click here for correct number) was inaugurated on the steps of this very building in 1789.
1790 - The first capitol was relocated to Philadelphia, PA.
This “wall” had previously been built by African Slaves to help protect the Dutch immigrants from such imminient danger as --the Native Americans and Pirates. The commercial path of “Wall Street” joined the Hudson River on the west side to the East River.
After the erection of this structure the world of:
1. Big deals
2. Big finance
3. And Capitalism
…would never be the same.
http://www.hermes-press.com/wshist1.htm
http://www.usatoday.com/money/markets/2007-03-05-wall-street_N.htm
http://familyinnewyork.com/blog/index.php/wall-street/
As a result of this short trip down memory lane ~~this excerpt by Jordan Maxwell, explains all too well the real phenomena behind Wall Street.
Our hides went from “crude” outdoor trading to “sophisticated /electronically” engineered -- indoor trading. http://www.youtube.com/watch?v=eRxHrzq7Yqs&feature=related