1940 -
1959
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1941
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Centralization of Authority
Continuing the reorganization begun in 1938, the NYSE constitution is revised to centralize administrative authority in the office of the president and his staff.
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1942
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Lowest Price for Membership
A membership sells for $17,000, the lowest price in the twentieth century.
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1943
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Women Work on Trading Floor
Women work on the Stock Exchange trading floor for the first time ending the tradition of men only.
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1945
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Exchange Closes for V-J Day
Victorious American troops are welcomed home with a ticker tape parade. The Exchange closes August 15-16 for V-J Day.
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1949
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Longest Bull Run Begins
The longest bull run market on record begins. Stock prices will rise, without significant interruption, for the next eight years.
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1952
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Over 6 Million Americans Own Stock
The NYSE, in its first shareowner census, finds that 6,490,000 Americans own common stock.
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NYSE Changes Trading Hours
September 29
The NYSE changes its trading hours to 10 A.M. to 3:30 P.M. Monday-Friday, and closes on Saturdays.
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1953
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Last Daily Volume Under 1 Million
Volume of 900,000 shares on October 10 marks the last daily volume under 1 million shares.
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First Member Corp.
The NYSE permits member firms to incorporate, improving their access to permanent capital. Woodcock, Hess & Co. becomes the first member corporation.
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1954
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"Own Your Share of American Business"
The NYSE launches the "Own Your Share of American Business" educational and marketing program, aimed at expanding public participation in the stock market.
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Monthly Investment Plan
The Exchange inaugurates the Monthly Investment Plan (MIP), a program allowing individuals to invest as little as $40 per month in the stock market through special accounts at NYSE member firms.
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Dow Surpasses 1929 Peak
The Dow Jones Industrial Average surpasses its 1929 peak for the first time.
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1955
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Eisenhower Heart Attack
President Dwight D. Eisenhower suffers a heart attack on September 24, creating a large wave of selling at the NYSE. Both the president and the market recover quickly.
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1956
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Outside Directors Recommend
The NYSE urges listed companies to include at least two outside directors on their boards to help ensure prompt and full disclosure of corporate information.
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1957
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Ebasco Services Report
Ebasco Services issues its report on the possibility of automating the trading floor. The report contained suggestions for automating transaction reporting, and improved stock clearing and quotation service.
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1959
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NYSE Adopts New Policy
The Exchange adopts a policy that discourages securities transactions between a listed company and its officers and directors.
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