The Buttonwood Agreement, as it came to be known, effectively launched the New York Stock Exchange. Signed by 24 stockbrokers on 17th May, 1792, it promised two things - that they would trade exclusively and directly with each other, and that they wouldn’t undercut each other’s commission.But they had no permanent building, and only a tiny number of companies to trade. So, until 1817, traders met at Tontine Coffee House at 82 Wall Street - a riotous and dynamic backdrop against which to do business.In this episode, Arion, Rebecca and Olly learn what a Buttonwood is; reveal which sitting U.S. President was the first to step foot in the NYSE; and explain what (presumably) happens in the complicated second act of ‘Hamilton’... Further Reading:• ‘8 March 1817: the New York Stock Exchange is formed’ (MoneyWeek, 2020): https://moneyweek.com/429720/8-march-1817-the-new-york-stock-exchange-is-formed• ‘The Tontine Coffee House’ (Narratively, 2013): https://narratively.com/the-tontine-coffee-house/• ‘Hidden History: Wall Street’ (HISTORY):https://www.youtube.com/watch?v=fOPw0x0yGJcFor bonus material and to support the show, visit Patreon.com/RetrospectorsWe'll be back tomorrow! Follow us wherever you get your podcasts: podfollow.com/RetrospectorsThe Retrospectors are Olly Mann, Rebecca Messina & Arion McNicoll, with Matt Hill.Theme Music: Pass The Peas. Announcer: Bob Ravelli. Graphic Design: Terry Saunders. Edit Producer: Alexa Weissman.Copyright: Rethink Audio / Olly Mann 2022. Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit podcastchoices.com/adchoices