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Essay / Research Paper Abstract
This 15 page paper discusses at length technology's influence on the stock market. Examples of Enron's collapse shown, as well as trends from the past. Greenspan's theories, interest rate increases, and other the wealth effect discussed. Bibliography lists 20 sources.
Page Count:
15 pages (~225 words per page)
File: D0_MBdowtech.rtf
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Unformatted sample text from the term paper:
A highly controversial subject, the New York Stock Exchanges roots are firmly entrenched in scandal, intrigue and mystery. This is potential grist for any Speilberg movie or Grisham novel, but
daily millions of dollars are traded on the floor of the stock exchange. And since the advent of technology over the last century, especially over the last couple of decades,
stock market trading, it can be said, has been influenced by the technological revolution and industries, making investment in newer technology attractive to potential investors. For those who do
not have a firm grasp of Wall Street, the terminology can sometimes be daunting. Buzz words such as exchanges, indexes and NASDAQ can sound like Greek, if one does not
understand how they interrelate with one another. A quick review of the terms and the players, though, should suffice for the purpose of introducing technologys edge over their competition.
Most of the stocks in the world are sold through a place where trading occurs, called an exchange. The history of this New York Stock Exchange is no more vaulted
than the fact that a group of men (brokers) met underneath a large tree on the street and bought, sold or traded stocks. This system might have gone on indefinitely
except that a certain financier over extended himself and caused several banks to fail that had extended him credit. This particular shortcoming prompted the rest of the brokers to meet,
near a place called 68 Wall Street to set up a series of rules and regulations regarding the trade, sale and purchase of stocks. They named their group the New
York Stock Exchange(NYSE)(Yue, 2002). Still others in the group decided to form their own group, and they called themselves the American Stock Exchange (AMEX)(Yue, 2002). "Today more than 3,000
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