History Unit 8: For Self Test 1

From its humble origins of the ?, the stock market in America has grown to be a financial force in the world today

1700s

England's first stock exchange began in ?

1773

People will subscribe to publications such as ? or ? to get information on investing more wisely

Barrons, The Wall Street Journal

In the 1700s the first banks in American history were being created and once again ? was needed to make the start successful

Cash

When selling your stock, you would call the broker and the process would go almost the same way. The broker will deduct his ? and then pass the money on to you.

Commission

In some cases, many ? brokerages are offering significant discounts for conducting purchases over the internet

Discount

If a person bought a bond, they received a paper for a certain weight of gold

False

If you want to buy shares in Mattel Toys, you run down to Toys R Us and tell them you want twenty shares of MAttel

False

The Belgium Stock Exchange began with a handful of men standing in front of a buttonwood tree near the Trinity Church in East Manhattan during the American Revolution

False

The broker tells someone to buy six shares of Mattel stock for you. The person he is talking to is called the sales broker and the transaction takes place on the floor of the stock market

False

The first stock exchange was the New York Stock Exchange

False

When you told the broker you wanted to get those six shares of Mattel stock, he sent a message to a person who is working on the

Floor of the New York Stock Exchange

After the ?, Wall Street became much more important and the New York Stock Exchange was getting all the business it could use

Industrial Revolution

Some of the stocks offered were ? to be put in the NYSE, so a brisk business was running outside on the curb of the street

Not good enough

A broker is the person who does the actual ? of the stocks for you

Purchasing

After the broker has called the floor broker, the floor broker goes to the area allotted for that particular stock. he buys the amount of stock from the company. He ? it on the floor and then back to your brokerage ?. The stock is yours

Reports, house

The broker tells you, "well, right now a share in Mattel Toys is going for 10 dollars, but my ? will cost you 40 dollars, so you can buy six shares of Mattel"

Services

A unit of the equal parts of the capital stock divided by a corporation is called a

Share

? is the daily newspaper which focuses on stock market activity

The Wall Street Journal

The floor broker purchases your six shares of Mattel and then reports the trade to the floor. That means that hundreds of computers all over the NYSE have recorded your

Transaction

In addition to bonds, the banks sold little parts of their banks to whomever had the money and the desire to own a share in the business

True

In the early days of our nation, the Colonial government was looking for a way to finance its wartime operations, so it sold bonds

True

Mattel, as well as thousands of other companies, offer the opportunity to buy a part of their company by selling shares

True

New York Stock Exchange is also known by its initials, NYSE

True

Purchasing and selling should take into account the rises and dips in the market

True

The "Curb Exchange" continued to grow and was renamed the American Stock Exchange, also known as AMEX

True

The very first stock exchange was created in 1531 in Antwerp, Belgium

True

Traders would meet on what was once a farmer's market area known as Wall Street in New York

True

When you call a broker and arrange to buy stock, the broker calls a person on the floor of the exchange, probably an employee of his

True

When you purchase a share, you have purchased a little piece of the company

True