Which US stock exchange was founded in 1792 by the Buttonwood Agreement before later crashes?

The New York Stock Exchange was founded in 1792 by the Buttonwood Agreement.

Twenty-four brokers signed the agreement on May 17, 1792, under a buttonwood tree on Wall Street, according to the traditional account. They agreed to trade securities with one another and to favor their own dealings over auctions conducted elsewhere. The organization later developed into the New York Stock and Exchange Board and eventually became the New York Stock Exchange.

The NYSE became the principal venue for many of the best-known US market crashes, including the Wall Street crash of 1929 and Black Monday in 1987. Its history therefore provides institutional context for studying crashes, even though the exchange itself did not cause every downturn.

The Buttonwood Agreement was not a modern incorporation document and did not create today’s corporate structure overnight. It was an early broker agreement that established a durable organized market in New York.