Why: The Numbers Under a Magnifying Glass

Sonali Garg ()

Chapter Chapter 8 in The Telegraph and Stock Exchanges, 2024, pp 53-90 from Palgrave Macmillan

Abstract: Abstract Each of the reasons for the rise of the NYSE to pre-eminence posited earlier is discussed in light of what the value of securities traded graphs reveal; (i) that the NYSE began its rise to pre-eminence in 1851–1852, and (ii) that this process accelerated after 1852. The chapter also analyzes the explanations for the NYSE launching into prominence presented in other resources: Erie Canal, Population, Wealth, and Stock Ticker. The plausible causes for the rise of the New York Stock Exchange to pre-eminence are examined based on the data. (i) Population (ii) Wealth (iii) Opening of the Erie Canal and the (iv) Stock Ticker are analyzed as well as market efficiency.

Keywords: Average bid ask spreads; Consolidated Stock Exchange of New York (Consolidated); Erie Canal; Large size; medium size; and small size trade; Most efficient exchange; Population; Reading Railroad; Stock ticker; Telegraph; Wealth (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-3-031-40407-8_8

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DOI: 10.1007/978-3-031-40407-8_8

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