It is easy to get caught up in the daily stock market activity and lose sight of the interesting facts in the market's history.

For instance, while the New York Stock Exchange is the largest U. Stock exchange, it is not the oldest.

10 Interesting Facts On The Wall Street Crash of | Learnodo Newtonic

The Philadelphia Stock Exchange was created in and preceded the NYSE. The NYSE, however, is the most traditional as traders cannot enter the floor of the exchange if they are not wearing a suit and tie. There are numerous milestones that have made the stock market what it is today. Wall Street is a not only a physical location in lower Manhattan, it is also a colloquial expression that can be used to describe the entire stock market.

After all, it was on Wall Street where the NYSE was created its earliest form in A group of two dozen stockbrokers and store owners gathered under a buttonwood tree to create the Buttonwood Agreement, which gave them membership on the New York Stock Exchange.

As part of that agreement, the Bank of New York was the first of five securities that began trading on the NYSE.

Two of the worst stock-market crashes in which stock prices dropped precipitously occurred in October. As a result, the "Stock Trader's Almanac" considers the month jinxed.

The first stock market crash occurred in when stocks declined 25 percent in two days and marked the beginning of the Great Depression. Decades later, in Octoberstocks suffered a worse fate when the stock market lost nearly one-quarter of its value in a day, which goes down in history as the single-worst performance ever by stocks.

Changes in stock prices were expressed as fractions until the year In the late s, U. The stock market rose to some of its best levels in trading sessions preceding stock market collapses. Injust before the Nasdaq Composite started on a path on which it would lose nearly 50 percent its value, the Dow Jones Industrial Average set a new record by gaining almost points in a day.

Injust before the U. Geri Terzo is a business writer with more than 15 years of experience on Wall Street. Throughout her career, she has contributed to the two major cable business networks in segment production and chief-booking capacities and has reported for several major trade publications including "IDD Magazine," "Infrastructure Fact about the stock market crash and MandateWire of the "Financial Times.

Terzo is a graduate of Campbell University, where she earned a Bachelor of Arts in mass communication. Each week, Zack's e-newsletter will address topics such as retirement, savings, loans, mortgages, tax and investment strategies, and more. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.

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Wall Street Wall Street is a not only a physical location in lower Manhattan, it is also a colloquial expression that can be used to describe the entire stock market. October Two of the worst stock-market crashes in which stock prices dropped precipitously occurred in October.

Stock Prices Changes in stock prices were expressed as fractions until the year Best Days The stock market rose to some of its best levels in trading sessions preceding stock market collapses.

References 6 The History of Congress: The History of the New York Stock Exchange USA Today: It's October -- Is the Stock Market Crash Proof? Stock Exchanges Trade Fractions for Decimals CNBC: Dow Logs Biggest One-Day Point Gain Ever Time: The Crash of Resources 2 Fox Business: Philadelphia Stock Exchange The Library of Congress: History of the American and Nasdaq Stock Exchanges.

About the Author Geri Terzo is a business writer with more than 15 years of experience on Wall Street.

Stock Market Crash Facts

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Stock Market Crash Facts

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