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Home::Mutual Funds
Historical Briefing: Stocks, Finance and Money
Author : Harald Anderson
The World Bank claims that some two billion of the world's
citizens live on $1 per day or less! That fact absolutely
shocked me. With this statistic in mind it becomes important to
focus on all of the things that have served as money over the
history of civilization. Aztecs used Cocoa beans, Norwegians
used Butter and dried cod, many Indian tribes used animal skins
and some of the early colonists used grains. It's worth thinking
about this the next time you pick up your paycheck. The word
"salary" is derived from the word SALT, which is what was the
key currency of the North Africans for hundreds of years. SALT
was a key commodity substance used for preserving food. A butter and dried cod banking system? Reconciling your monthly
bank statement must have been very messy! I'll take bear markets for $100 please Alec! Anybody want to guess how we came to describe and define a BEAR
market? Well, there is a debate on this one as most people feel
that when a Bear makes a killing its claws move from up to down.
However, bear markets are bone-chilling experiences. Markets
always fall much faster than they rise! Anyway, the word
"arctic" is derived from "arktos" which just so happens to be
the Greek word for "BEAR!" And that is how it is believed that
the word BEAR came to describe a declining market.
Brrrrrrrrrrr.. Now you know! Ok, why the heck do they call it Wall Street anyway? It was the Dutch you see. They had just moved to Manhattan and
had nowhere to build a dyke, so instead they built a wall. This
was in 1653, and it wasn't meant to keep water out, but was made
to keep out the British and Indians. Easy enough for the Dutch,
just a 12 foot high wood stockade that ran from river to river. Then in 1685 they laid out Wall Street along the line of the
stockade. Now you know. These days the average volume on the New York Stock Exchange is
several hundred million shares. We have even seen numerous days
when the volume exceeded over one billion shares. To give you
an idea of how far we have come, the last date on record when
the New York Stock Exchange traded less than one million shares
was October 10, 1953. The very first day that the BIG BOARD
traded over one million shares was December 15, 1886. On Black
Tuesday, the BIG CRASH on 10/29/29 the market established Record
volume of 16 million shares! Now you know. Gosh! One Billion Shares a day....that's a lot of dried cod! Dowjonesfully,
Harald Anderson
http://www.eOptionsTrader.com. Harald Anderson is the founder and Chief Analyst of eOptionsTrader.com a leading online resource of
Options Trading Information. He writes regularly for financial publications on Risk Management and Trading Strategies. His goal in life is to become the kind of person that his dog already thinks he is. http://www.eOptionsTrader.com. Spam emails More free articles Related articles
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