Buttonwood agreement
An agreement signed in 1792 between twenty-four stockbrokers that effectively created the New York Stock Exchange. The terms of the agreement indicated that stockbrokers were to only deal with each other (no auctioneers), and that they would use a set commission rate of 0.25%. The agreement was so named because it was signed under a buttonwood tree outside of 86 Wall Street.
Popular 'Economy' Terms
Related Personal Finance Articles
Loading...
Buttonwood agreement in the news
Loading...
Buttonwood agreement is ...
... part of the Economy subject.
Nearby Terms
Search volume for Buttonwood agreement
Get our content on your iGoogle page
RSS