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| Topic: |
Business
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| Number of pages / Number of words: |
11 / 2803 |
Essay's paper body
The New York Stock Exchange was formed in 1792, and the first Corporation stock to be traded on the NYSE was The Bank of New York.
The history of this bank began on February 23, 1794 with a small advertisement in the New York Packet. Alexander Hamilton, a respected New York attorney and future statesman, was appointed to write the new banks constitution, and became the most actively involved person in the Bank of New York...
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He negotiated the new US government's first loan from the Bank of NY for $200,000 against the US Treasury, who drew a series of warrants on the Bank. These warrants were to establish the credit of the United States and the economic independence of the young nation. Alexander Hamilton has left a lasting imprint on the Banks philosophy that remains with the bank today...
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