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.)