Getting Back to Business: The Buttonwood Agreement on the Eve of America’s 250th Birthday
This week marks the anniversary of one of the most consequential yet least celebrated moments in American economic history. On May 17, 1792, 24 merchants, brokers, and auctioneers…
Written byFelix MillerSource: The Daily Signal
This week marks the anniversary of one of the most consequential yet least celebrated moments in American economic history. On May 17, 1792, 24 merchants, brokers, and auctioneers gathered at 68 Wall Street in New York and signed a concise, two-sentence agreement under a buttonwood tree. In plain language, they pledged to trade public stocks...