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Article: Stock Market
- Article from:
- Gale Encyclopedia of U.S. Economic History
CopyrightCOPYRIGHT 2000 The Gale Group Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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STOCK MARKET
Like a grocery market, a stock market is a place specifically designed to facilitate the purchase and sale of certain goods. Instead of selling food and supplies like a grocery, the stock market provides a venue for trade in companies, ventures, and other investments through the buying and selling of stocks, bonds, mutual funds, limited partnerships, and other securities. There are several regional stock exchanges throughout the United States, but the U.S. stock market is dominated by two exchanges: the New York Stock Exchange (NYSE) and the National Association of Dealers Automated Quotation (system), better known as NASDAQAmex. In 1996 investors could buy and sell the ...