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Timeline 1790-Today click images below to read highlights It all started with the Buttonwood Agreement in 1792. Follow this timeline to discover some of the highlights—and lowlights—that shaped our modern-day capital markets.       1945-1972 The stock market rallies to new highs in the years following the War. This rally continues, with some intermissions, until the early 1970s. In 1972 the Dow Jones Industrial Average rises to 1000 before falling back. Volume increases from an average of 1 million shares a day to about 15 million shares a day. 1957 Spurred by advancing technology, Standard & Poor’s begins to calculate the S&P 500 Index on an hourly basis. S&P believes that this index, which includes more stocks and a different mathematical formula than the Dow Jones Industrial Average, better reflects market movement. 1964 The National Association of Securities Dealers (FINRA) is reorganized to consolidate, regulate and automate the over-the-counter (OTC) securities market where trades from around the world are made via computer and telephone. 1971 The National Association of Securities Dealers Automated Quotation System (Nasdaq) officially opens, displaying quotes for more than 2,500 securities. 1972-1982 Inflation, an oil crisis and unemployment stifle the U.S. and world economies, producing a decade-long bear market. |
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