kingworldnews.com / September 19, 2014
September 19 (King World News) – “On
this day (+1) in 1873, the New York Stock Exchange set a record,
although it was one they would be ambivalent about for the next 133
years.
Founded
in 1792, the Exchange had survived early volatility (1794), a challenge
from competitors (1802), a merger and a new name (1825), a punishing
diet (records indicate that, circa 1810, lunch was a double jigger of
dark rum and a wedge of dried codfish…..please note….we no longer serve
codfish).
But
on Saturday, September 20, 1873, for the first time in its history, the
NYSE closed in response to a panic. (The word circuit breaker had not
been invented yet….er…..neither had circuits.)
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