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Buttonwood Agreement

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Revision as of 18:03, 30 December 2022 by imported>Soranin (Created page with "{{Era|Culture}}{{WP-REAL}} The '''Buttonwood Agreement''' is the founding document of what is now {{Wiki|New York Stock Exchange}}. Signed in 1792 under a {{Wiki|Platanus occidentalis|buttonwood tree}} on Wall Street, it was 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.<ref name="DB">''Assassin's Creed III'' – Database: Buttonwood Agreement</ref> The...")
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The Buttonwood Agreement is the founding document of what is now New York Stock Exchange. Signed in 1792 under a buttonwood tree on Wall Street, it was 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.[1] These merchants would keep meeting under the tree to trade securities after the agreement had been signed.[2]

Appearances

References

  1. ↑ Assassin's Creed III – Database: Buttonwood Agreement
  2. ↑ Assassin's Creed III – Database: Wall Street
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