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Little Board
The Consolidated Stock Exchange of New York, also known as the ''New York Consolidated Stock Exchange'' or ''Consolidated'',See ''Brooklyn Daily Eagle'', Saturday, January 13, 1912, p. 18 was a stock exchange in New York City, New York in direct competition to the New York Stock Exchange (NYSE) from 1885–1926. It was formed from the merger of other smaller exchanges, and was referred to in the industry and press as the "Little Board." By its official formation in 1885, its membership of 2403 was considered the second largest membership of any exchange in the United States. History 1875–1900: Background and formation The New York Mining Stock Exchange opened for active business on November 1, 1875 at noon, with John Stanton Jr. as president. Total membership equaled 25. As the exchange expanded, it moved from 24 Pine Street to 32 Pine Street, and then to New York Stock Exchange Building, 18 Broad Street, and finally to the "Bond Room" of the New York Stock Exchange at 16 New S ...
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Stock Exchange
A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividends. Securities traded on a stock exchange include stock issued by listed companies, unit trusts, derivatives, pooled investment products and bonds. Stock exchanges often function as "continuous auction" markets with buyers and sellers consummating transactions via open outcry at a central location such as the floor of the exchange or by using an electronic trading platform. To be able to trade a security on a certain stock exchange, the security must be listed there. Usually, there is a central location for record keeping, but trade is increasingly less linked to a physical place as modern markets use electronic communic ...
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Corner Stone
The cornerstone (or foundation stone or setting stone) is the first stone set in the construction of a masonry foundation. All other stones will be set in reference to this stone, thus determining the position of the entire structure. Over time a cornerstone became a ceremonial masonry stone, or replica, set in a prominent location on the outside of a building, with an inscription on the stone indicating the construction dates of the building and the names of architect, builder, and other significant individuals. The rite of laying a cornerstone is an important cultural component of eastern architecture and metaphorically in sacred architecture generally. Some cornerstones include time capsules from, or engravings commemorating, the time a particular building was built. History The ceremony typically involved the placing of offerings of grain, wine and oil on or under the stone. These were symbolic of the produce and the people of the land and the means of their subsistence. ...
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New York State Assembly
The New York State Assembly is the lower house of the New York State Legislature, with the New York State Senate being the upper house. There are 150 seats in the Assembly. Assembly members serve two-year terms without term limits. The Assembly convenes at the State Capitol in Albany. Leadership of the Assembly The Speaker of the Assembly presides over the Assembly. The Speaker is elected by the Majority Conference followed by confirmation of the full Assembly through the passage of an Assembly Resolution. In addition to presiding over the body, the Speaker also has the chief leadership position, and controls the flow of legislation and committee assignments. The minority leader is elected by party caucus. The majority leader of the Assembly is selected by, and serves, the Speaker. Democrat Carl Heastie of the 83rd Assembly District has served as Speaker of the Assembly since February 2015. Crystal Peoples-Stokes of the 141st Assembly District has served as Assembly Maj ...
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NYSE
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is by far the List of stock exchanges, world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately 169 billion in 2013. The NYSE Trading room, trading floor is at the New York Stock Exchange Building on 11 Wall Street and 18 Broad Street (Manhattan), Broad Street and is a National Historic Landmark. An additional trading room, at 30 Broad Street, was closed in February 2007. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. History The earliest recorded organization of Security (finance), securities trading in New York ...
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Atlantic U-boat Campaign Of World War I
The Atlantic U-boat campaign of World War I (sometimes called the "First Battle of the Atlantic", in reference to the World War II campaign of that name) was the prolonged naval conflict between German submarines and the Allied navies in Atlantic waters—the seas around the British Isles, the North Sea and the coast of France. Initially the U-boat campaign was directed against the British Grand Fleet. Later U-boat fleet action was extended to include action against the trade routes of the Allied powers. This campaign was highly destructive, and resulted in the loss of nearly half of Britain's merchant marine fleet during the course of the war. To counter the German submarines, the Allies moved shipping into convoys guarded by destroyers, blockades such as the Dover Barrage and minefields were laid, and aircraft patrols monitored the U-boat bases. The U-boat campaign was not able to cut off supplies before the US entered the war in 1917 and in later 1918, the U-boat bases wer ...
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World War I
World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fighting occurring throughout Europe, the Middle East, Africa, the Pacific, and parts of Asia. An estimated 9 million soldiers were killed in combat, plus another 23 million wounded, while 5 million civilians died as a result of military action, hunger, and disease. Millions more died in genocides within the Ottoman Empire and in the 1918 influenza pandemic, which was exacerbated by the movement of combatants during the war. Prior to 1914, the European great powers were divided between the Triple Entente (comprising France, Russia, and Britain) and the Triple Alliance (containing Germany, Austria-Hungary, and Italy). Tensions in the Balkans came to a head on 28 June 1914, following the assassination of Archduke Franz Ferdin ...
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Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, ''Bloomberg Businessweek'', ''Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Journal ...
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James B
James is a common English language surname and given name: *James (name), the typically masculine first name James * James (surname), various people with the last name James James or James City may also refer to: People * King James (other), various kings named James * Saint James (other) * James (musician) * James, brother of Jesus Places Canada * James Bay, a large body of water * James, Ontario United Kingdom * James College, York, James College, a college of the University of York United States * James, Georgia, an unincorporated community * James, Iowa, an unincorporated community * James City, North Carolina * James City County, Virginia ** James City (Virginia Company) ** James City Shire * James City, Pennsylvania * St. James City, Florida Arts, entertainment, and media * James (2005 film), ''James'' (2005 film), a Bollywood film * James (2008 film), ''James'' (2008 film), an Irish short film * James (2022 film), ''James'' (2022 film), an Indian Kannada ...
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Bucket Shop (stock Market)
A bucket shop is a business that allows gambling based on the prices of stocks or commodities. A 1906 U.S. Supreme Court ruling defined a ''bucket shop'' as "an establishment, nominally for the transaction of a stock exchange business, or business of similar character, but really for the registration of bets, or wagers, usually for small amounts, on the rise or fall of the prices of stocks, grain, oil, etc., there being no transfer or delivery of the stock or commodities nominally dealt in". A person who engages in the practice is referred to as a bucketeer and the practice is sometimes referred to as bucketeering. Bucket shops were found in many large American cities from the mid-1800s but the practice was eventually ruled illegal and largely disappeared by the 1920s. Overview Definition and term origin According to ''The New York Times'' in 1958, a bucket shop is "an office with facilities for making bets in the form of orders or options based on current exchange prices of s ...
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Mortimer H
Mortimer () is an English surname, and occasionally a given name. Norman origins The surname Mortimer has a Norman origin, deriving from the village of Mortemer, Seine-Maritime, Normandy. A Norman castle existed at Mortemer from an early point; one 11th century figure associated with the castle was Roger, lord of Mortemer, who fought in the Battle of Mortemer in 1054. The 12th century abbey of Mortemer at Lisors near Lyons-la-Forêt is assumed to share the same etymological origin, and was granted to the Cistercian order by Henry II in the 1180s. According to the toponymists Albert Dauzat and later, François de Beaurepaire, there are two possible explanations for such a place name: First, a small pond must have already existed before the land was given to the monks and have already been called ''Mortemer'' like the two other ''Mortemers'', because the word ''mer'' "pond" was not used anymore beyond the Xth century. This word is only attested in North-Western France and of ...
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War Revenue Act Of 1898
The War Revenue Act of 1898 was legislation signed into law in the United States on June 13, 1898, which created a wide range of taxes to raise revenue for the American prosecution of the Spanish–American War. The legislation established the predecessor to the Estate tax in the United States, estate tax, and twice the Supreme Court of the United States issued rulings about the law. History The War Revenue Act of 1898 was introduced to fund American participation in the Spanish–American War. The people of Cuba had been seeking independence from Spain for several years, and after the destruction of the in Havana harbor on February 15, diplomatic relations between the U.S. and Spain dramatically worsened. President McKinley submitted a war message to Congress on April 11, and Congress enacted a joint resolution on April 19 demanding independence for Cuba and giving McKinley the authorization to declare war if Spain did not yield.Trask, p. 57. McKinley signed the war resolution int ...
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