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Database: Buttonwood Agreement: Difference between revisions
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The agreement itself is fairly simple - 24 local merchants agreed that they would trade only with one another, and that they would take a 0.25% commission on whatever they traded. | The agreement itself is fairly simple - 24 local merchants agreed that they would trade only with one another, and that they would take a 0.25% commission on whatever they traded. | ||
And in case you're thinking 1792 is too early for there to be stocks to trade, it wasn't - the first war bonds were released by [[Alexander Hamilton]], in 1790, two years before, so you're wrong, and should probably keep your opinion to yourself. | And in case [[Desmond Miles|you]]'re thinking 1792 is too early for there to be stocks to trade, it wasn't - the first war bonds were released by [[Alexander Hamilton]], in 1790, two years before, so you're wrong, and should probably keep your opinion to yourself. | ||
{{DEFAULTSORT:Buttonwood Agreement}} | {{DEFAULTSORT:Buttonwood Agreement}} | ||
[[Category:Database: Events]] | [[Category:Database: Events]] | ||
[[Category:Animus 3.0 database entries]] | [[Category:Animus 3.0 database entries]] | ||
Revision as of 23:57, 25 January 2017
Date: Signed 1792
The Buttonwood Agreement is the precursor to the New York Stock Exchange. It was signed in 1792 under a Buttonwood tree on Wall St. - hence the name. Lucky it wasn't a Monkey Puzzle Tree - that would not be a dignified name at all.
The agreement itself is fairly simple - 24 local merchants agreed that they would trade only with one another, and that they would take a 0.25% commission on whatever they traded.
And in case you're thinking 1792 is too early for there to be stocks to trade, it wasn't - the first war bonds were released by Alexander Hamilton, in 1790, two years before, so you're wrong, and should probably keep your opinion to yourself.