1.
Telegraph
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Telegraphy is the long-distance transmission of textual or symbolic messages without the physical exchange of an object bearing the message. Thus semaphore is a method of telegraphy, whereas pigeon post is not, telegraphy requires that the method used for encoding the message be known to both sender and receiver. Such methods are designed according to the limits of the medium used. The use of signals, beacons, reflected light signals. In the 19th century, the harnessing of electricity led to the invention of electrical telegraphy, the advent of radio in the early 20th century brought about radiotelegraphy and other forms of wireless telegraphy. The word telegraph was first coined by the French inventor of the Semaphore line, Claude Chappe, a telegraph is a device for transmitting and receiving messages over long distances, i. e. for telegraphy. The word telegraph alone now generally refers to an electrical telegraph, Wireless telegraphy is also known as CW, for continuous wave, as opposed to the earlier radio technique of using a spark gap. Contrary to the definition used by Chappe, Morse argued that the term telegraph can strictly be applied only to systems that transmit. This is to be distinguished from semaphore, which transmits messages. Smoke signals, for instance, are to be considered semaphore, according to Morse, telegraph dates only from 1832 when Pavel Schilling invented one of the earliest electrical telegraphs. A telegraph message sent by a telegraph operator or telegrapher using Morse code was known as a telegram. A cablegram was a sent by a submarine telegraph cable. Later, a Telex was a sent by a Telex network. A wire picture or wire photo was a picture that was sent from a remote location by a facsimile telegraph. A diplomatic telegram, also known as a cable, is the term given to a confidential communication between a diplomatic mission and the foreign ministry of its parent country. These continue to be called telegrams or cables regardless of the used for transmission. Commercial electrical telegraphs were introduced from 1837, the first telegraphs came in the form of optical telegraph, including the use of smoke signals, beacons, or reflected light, which have existed since ancient times. Early proposals for a telegraph system were made to the Royal Society by Robert Hooke in 1684 and were first implemented on an experimental level by Sir Richard Lovell Edgeworth in 1767
2.
Thomas Edison
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Thomas Alva Edison was an American inventor and businessman, who has been described as Americas greatest inventor. He developed many devices that greatly influenced life around the world, including the phonograph, the motion picture camera, and the long-lasting, practical electric light bulb. Edison was an inventor, holding 1,093 US patents in his name, as well as many patents in the United Kingdom, France. Edisons inventions contributed to mass communication and, in particular, telecommunications and these included a stock ticker, a mechanical vote recorder, a battery for an electric car, electrical power, recorded music and motion pictures. His advanced work in these fields was an outgrowth of his career as a telegraph operator. Edison developed a system of generation and distribution to homes, businesses. His first power station was on Pearl Street in Manhattan, New York, Thomas Edison was born in Milan, Ohio, and grew up in Port Huron, Michigan. He was the seventh and last child of Samuel Ogden Edison, Jr. and Nancy Matthews Elliott. His father, the son of a Loyalist refugee, had moved as a boy with the family from Nova Scotia, settling in southwestern Ontario, in a known as Shewsbury, later Vienna. Samuel Jr. eventually fled Ontario because he took part in the unsuccessful Mackenzie Rebellion of 1837 and his father, Samuel Sr. had earlier fought in the War of 1812 as captain of the First Middlesex Regiment. By contrast, Samuel Jr. s struggle found him on the losing side, once across the border, he found his way to Milan, Ohio. His patrilineal family line was Dutch by way of New Jersey and his mother taught him at home. Much of his education came from reading R. G, parkers School of Natural Philosophy and The Cooper Union for the Advancement of Science and Art. Edison developed hearing problems at an early age, the cause of his deafness has been attributed to a bout of scarlet fever during childhood and recurring untreated middle-ear infections. In his later years, he modified the story to say the injury occurred when the conductor, in helping him onto a moving train, Edisons family moved to Port Huron, Michigan, after the railroad bypassed Milan in 1854 and business declined. Edison sold candy and newspapers on trains running from Port Huron to Detroit and he briefly worked as a telegraph operator in 1863 for the Grand Trunk Railway at Stratford, Ontario railway at age 16. He was held responsible for a near collision and he also studied qualitative analysis and conducted chemical experiments on the train until he left the job. Edison obtained the right to sell newspapers on the road, and, with the aid of four assistants, he set in type and printed the Grand Trunk Herald
3.
Abbreviation
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An abbreviation is a shortened form of a word or phrase. It consists of a group of letters taken from the word or phrase, a contraction is an abbreviation, but an abbreviation is not necessarily a contraction. Acronyms and initialisms are regarded as subsets of abbreviations and they are abbreviations that consist of the initial letters or parts of words. Abbreviations have a history, created so that spelling out a whole word could be avoided. This might be done to time and space, and also to provide secrecy. Shortened words were used and initial letters were used to represent words in specific applications. In classical Greece and Rome, the reduction of words to single letters was common, in Roman inscriptions, Words were commonly abbreviated by using the initial letter or letters of words, and most inscriptions have at least one abbreviation. However, some could have more than one meaning, depending on their context, Abbreviations in English were frequently used from its earliest days. Manuscripts of copies of the old English poem Beowulf used many abbreviations, for example 7 or & for and, the standardisation of English in the 15th through 17th centuries included such a growth in the use of abbreviations. At first, abbreviations were sometimes represented with various suspension signs, for example, sequences like ‹er› were replaced with ‹ɔ›, as in ‹mastɔ› for master and ‹exacɔbate› for exacerbate. While this may seem trivial, it was symptomatic of an attempt by people manually reproducing academic texts to reduce the copy time, an example from the Oxford University Register,1503, Mastɔ subwardenɔ y ɔmēde me to you. And wherɔ y wrot to you the last wyke that y trouyde itt good to differrɔ thelectionɔ ovɔ to quīdenaɔ tinitatis y have be thougħt me synɔ that itt woll be thenɔ a bowte mydsomɔ. The Early Modern English period, between the 15th and 17th centuries, had abbreviations like ye for Þe, used for the word the, hence, by later misunderstanding, during the growth of philological linguistic theory in academic Britain, abbreviating became very fashionable. The use of abbreviation for the names of J. R. R. Tolkien and his friend C. S. Lewis, but before that, many Britons were more scrupulous at maintaining the French form. In French, the period follows a abbreviation if the last letter in the abbreviation is not the last letter of its antecedent. Like many other cross-channel linguistic acquisitions, many Britons readily took this up and followed this rule themselves, while the Americans took a simpler rule and applied it rigorously. Over the years, however, the lack of convention in some style guides has made it difficult to determine which two-word abbreviations should be abbreviated with periods and which should not. The U. S. media tend to use periods in two-word abbreviations like United States, many British publications have gradually done away with the use of periods in abbreviations
4.
Stock
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The stock of a corporation is constituted of the equity stock of its owners. A single share of the stock represents fractional ownership of the corporation in proportion to the number of shares. In liquidation, the stock represents the residual assets of the company that would be due to stockholders after discharge of all senior claims such as secured and unsecured debt. Stockholders equity cannot be withdrawn from the company in a way that is intended to be detrimental to the companys creditors, the stock of a corporation is partitioned into shares, the total of which are stated at the time of business formation. Additional shares may subsequently be authorized by the shareholders and issued by the company. In some jurisdictions, each share of stock has a certain declared par value, in other jurisdictions, however, shares of stock may be issued without associated par value. Shares represent a fraction of ownership in a business, a business may declare different types of shares, each having distinctive ownership rules, privileges, or share values. Ownership of shares may be documented by issuance of a stock certificate. A stock certificate is a document that specifies the amount of shares owned by the shareholder. Stock typically takes the form of shares of common stock or preferred stock. As a unit of ownership, common stock typically carries voting rights that can be exercised in corporate decisions, shares of such stock are called convertible preferred shares. New equity issue may have specific legal clauses attached that differentiate them from previous issues of the issuer. Some shares of stock may be issued without the typical voting rights, for instance, or some shares may have special rights unique to them. Often, new issues that have not been registered with a governing body may be restricted from resale for certain periods of time. Preferred stock may be hybrid by having the qualities of bonds of fixed returns and they also have preference in the payment of dividends over common stock and also have been given preference at the time of liquidation over common stock. They have other features of accumulation in dividend, Rule 144 Stock is an American term given to shares of stock subject to SEC Rule 144, Selling Restricted and Control Securities. Under Rule 144, restricted and controlled securities are acquired in unregistered form, investors either purchase or take ownership of these securities through private sales from the issuing company or from an affiliate of the issuer. Investors wishing to sell these securities are subject to different rules than those selling traditional common or preferred stock and these individuals will only be allowed to liquidate their securities after meeting the specific conditions set forth by SEC Rule 144
5.
Stock market
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Examples of the latter include shares of private companies which are sold to investors through equity crowdfunding platforms. Stock exchanges list shares of equity as well as other security types, e. g. corporate bonds. Stocks can be categorised in various way, one way is by the country where the company is domiciled. S. At the close of 2012, the size of the stock market was about US$55 trillion. By country, the largest market was the United States, followed by Japan, as of 2015, there are a total of 60 stock exchanges in the world with a total market capitalization of $69 trillion. Of these, there are 16 exchanges with a capitalization of $1 trillion or more. Apart from the Australian Securities Exchange, these 16 exchanges are based in one of three continents, North America, Europe and Asia, a stock exchange is a place where, or an organization through which, individuals and organisations can trade stocks. Many large companies have their stock listed on a stock exchange and this makes the stock more liquid and thus more attractive to many investors. It may also act as a guarantor of settlement, other stocks may be traded over the counter, that is, through a dealer. Some large companies will have their stock listed on more than one exchange in different countries, Stock exchanges may also cover other types of securities, such as fixed interest securities or derivatives, which are more likely to be traded OTC. Trade in stock markets means the transfer for money of a stock or security from a seller to a buyer and this requires these two parties to agree on a price. Equities confer an ownership interest in a particular company and their buy or sell orders may be executed on their behalf by a stock exchange trader. Some exchanges are physical locations where transactions are carried out on a trading floor and this method is used in some stock exchanges and commodity exchanges, and involves traders shouting bid and offer prices. The other type of exchange has a network of computers where trades are made electronically. An example of such an exchange is the NASDAQ, a potential buyer bids a specific price for a stock, and a potential seller asks a specific price for the same stock. Buying or selling at the means you will accept any ask price or bid price for the stock. When the bid and ask prices match, a sale takes place, on a first-come, the purpose of a stock exchange is to facilitate the exchange of securities between buyers and sellers, thus providing a marketplace. The exchanges provide real-time trading information on the securities, facilitating price discovery
6.
Ticker tape
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Ticker tape was the earliest digital electronic communications medium, transmitting stock price information over telegraph lines, in use between around 1870 through 1970. The term ticker came from the sound made by the machine as it printed, paper ticker tape became obsolete in the 1960s, as television and computers were increasingly used to transmit financial information. The concept of the stock ticker lives on, however, in the scrolling electronic tickers seen on brokerage walls, Ticker tape stock price telegraphs were invented in 1867 by Edward A. Calahan, an employee of the American Telegraph Company. The first stock price ticker system using a telegraphic printer was invented by Edward A. Calahan in 1863, Early versions of stock tickers provided the first mechanical means of conveying stock prices, over a long distance over telegraph wiring. In its infancy, the ticker used the symbols as Morse code as a medium for conveying messages. Previously, stock prices had been hand-delivered via written or verbal messages, since the useful time-span of individual quotes is very brief, they generally had not been sent long distances, aggregated summaries, typically for one day, were sent instead. The increase in speed provided by the allowed for faster. Since the ticker ran continuously, updates to a stocks price whenever the price changed became effective much faster, for the first time, trades were being done in what is now thought of as near real-time. By the 1880s, there were about a thousand stock tickers installed in the offices of New York bankers and brokers. In 1890, members of the agreed to create the New York Quotation Co. buying up all other ticker companies to ensure accuracy of reporting of price. Stock ticker machines are an ancestor of the modern computer printer, being one of the first applications of transmitting text over a wire to a printing device, based on the printing telegraph. This used the technology of the then-recently invented telegraph machines, with the advantage that the output was readable text, instead of the dots, a special typewriter designed for operation over telegraph wires was used at the opposite end of the telegraph wire connection to the ticker machine. Text typed on the typewriter was displayed on the machine at the opposite end of the connection. The machines printed a series of symbols, followed by brief information about the price of that companys stock. The word ticker comes from the tapping noise the machines made while printing. Pulses on the line made a letter wheel turn step by step until the correct symbol was reached. A typical 32-symbol letter wheel had to turn on average 15 steps until the letter could be printed resulting in a very slow printing speed of one character per second. Newer and more efficient tickers became available in the 1930s, Ticker machines became obsolete in the 1960s, replaced by computer networks, none have been manufactured for use for decades
7.
Security (finance)
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A security is a tradable financial asset. The term commonly refers to any form of instrument. In some jurisdictions the term specifically excludes financial instruments other than equities, in some jurisdictions it includes some instruments that are close to equities and fixed income, e. g. equity warrants. In the United States, a security is a financial asset of any kind. Securities are broadly categorized into, debt securities equity securities derivatives, the company or other entity issuing the security is called the issuer. A countrys regulatory structure determines what qualifies as a security, for example, private investment pools may have some features of securities, but they may not be registered or regulated as such if they meet various restrictions. Securities may be represented by a certificate or, more typically, non-certificated, region or country Market capitalization State Securities are the traditional way that commercial enterprises raise new capital. These may be an alternative to bank loans depending on their pricing. Another disadvantage of bank loans as a source of financing is that the bank may seek a measure of protection against default by the borrower via extensive financial covenants, through securities, capital is provided by investors who purchase the securities upon their initial issuance. In a similar way, a government may issue securities too when it needs to increase government debt, investors in securities may be retail, i. e. members of the public investing other than by way of business. The greatest part of investment, in terms of volume, is wholesale, i. e. by financial institutions acting on their own account, important institutional investors include investment banks, insurance companies, pension funds and other managed funds. The traditional economic function of the purchase of securities is investment, debt securities generally offer a higher rate of interest than bank deposits, and equities may offer the prospect of capital growth. Equity investment may also control of the business of the issuer. Debt holdings may also offer some measure of control to the if the company is a fledgling start-up or an old giant undergoing restructuring. In these cases, if interest payments are missed, the creditors may take control of the company, the last decade has seen an enormous growth in the use of securities as collateral. Purchasing securities with borrowed money secured by other securities or cash itself is called buying on margin, where A is owed a debt or other obligation by B, A may require B to deliver property rights in securities to A, either at inception or only in default. Collateral arrangements are divided into two categories, namely security interests and outright collateral transfers. Commonly, commercial banks, investment banks, government agencies and other investors such as mutual funds are significant collateral takers as well as providers
8.
Apple Inc.
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Apple is an American multinational technology company headquartered in Cupertino, California that designs, develops, and sells consumer electronics, computer software, and online services. Apples consumer software includes the macOS and iOS operating systems, the media player, the Safari web browser. Its online services include the iTunes Store, the iOS App Store and Mac App Store, Apple Music, Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in April 1976 to develop and sell personal computers. It was incorporated as Apple Computer, Inc. in January 1977, Apple joined the Dow Jones Industrial Average in March 2015. In November 2014, Apple became the first U. S. company to be valued at over US$700 billion in addition to being the largest publicly traded corporation in the world by market capitalization. The company employs 115,000 full-time employees as of July 2015 and it operates the online Apple Store and iTunes Store, the latter of which is the worlds largest music retailer. Consumers use more than one billion Apple products worldwide as of March 2016, Apples worldwide annual revenue totaled $233 billion for the fiscal year ending in September 2015. This revenue accounts for approximately 1. 25% of the total United States GDP.1 billion, the corporation receives significant criticism regarding the labor practices of its contractors and its environmental and business practices, including the origins of source materials. Apple was founded on April 1,1976, by Steve Jobs, Steve Wozniak, the Apple I kits were computers single-handedly designed and hand-built by Wozniak and first shown to the public at the Homebrew Computer Club. The Apple I was sold as a motherboard, which was less than what is now considered a personal computer. The Apple I went on sale in July 1976 and was market-priced at $666.66, Apple was incorporated January 3,1977, without Wayne, who sold his share of the company back to Jobs and Wozniak for $800. Multimillionaire Mike Markkula provided essential business expertise and funding of $250,000 during the incorporation of Apple, during the first five years of operations revenues grew exponentially, doubling about every four months. Between September 1977 and September 1980 yearly sales grew from $775,000 to $118m, the Apple II, also invented by Wozniak, was introduced on April 16,1977, at the first West Coast Computer Faire. It differed from its rivals, the TRS-80 and Commodore PET, because of its character cell-based color graphics. While early Apple II models used ordinary cassette tapes as storage devices, they were superseded by the introduction of a 5 1/4 inch floppy disk drive and interface called the Disk II. The Apple II was chosen to be the platform for the first killer app of the business world, VisiCalc. VisiCalc created a market for the Apple II and gave home users an additional reason to buy an Apple II. Before VisiCalc, Apple had been a distant third place competitor to Commodore, by the end of the 1970s, Apple had a staff of computer designers and a production line
9.
NASDAQ
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The Nasdaq Stock Market is an American stock exchange. It is the second-largest exchange in the world by market capitalization, the exchange platform is owned by Nasdaq, Inc. which also owns the Nasdaq Nordic and Nasdaq Baltic stock market network and several other US stock and options exchanges. When it was founded, NASDAQ stood for the acronym of National Association of Securities Dealers Automated Quotations, NASDAQ was founded in 1971 by the National Association of Securities Dealers, which divested itself of NASDAQ in a series of sales in 2000 and 2001. The Nasdaq Stock Market is owned and operated by Nasdaq, Inc. the stocks of which were listed on its own stock exchange marketing July 2,2002, when the Nasdaq Stock Market began trading on February 8,1971, it was the worlds first electronic stock market. At first, it was merely a system and did not provide a way to perform electronic trades. The Nasdaq Stock Market helped lower the spread but was unpopular among brokerages which made much of their money on the spread. As late as 1987, the NASDAQ exchange was still referred to as OTC in media. Over the years, the Nasdaq Stock Market became more of a market by adding trade and volume reporting. The Nasdaq Stock Market attracted new companies such as Microsoft, Apple, Cisco, Oracle and Dell. Its main index is the NASDAQ Composite, which has published since its inception. In 1992, the Nasdaq Stock Market joined with the London Stock Exchange to form the first intercontinental linkage of securities markets, the National Association of Securities Dealers spun off the Nasdaq Stock Market in 2000 to form a publicly traded company. In 2006, the status of the Nasdaq Stock Market was changed from a market to a licensed national securities exchange. In 2007, Nasdaq merged with OMX, an exchange operator in the Nordic countries, expanded its global footprint. NASDAQ OMX could be looking to acquire the American exchanges cash equities business, at the time, NYSE Euronext’s market value was $9.75 billion. Nasdaq was valued at $5.78 billion, while ICE was valued at $9.45 billion. Late in the month, Nasdaq was reported to be considering asking either ICE or the Chicago Mercantile Exchange to join in what would probably have to be, if it proceeded, an $11–12 billion counterbid. The European Association of Securities Dealers Automatic Quotation System was founded as a European equivalent to the Nasdaq Stock Market and it was purchased by NASDAQ in 2001 and became NASDAQ Europe. Operations were shut down, however, as a result of the burst of the dot-com bubble, in 2007, NASDAQ Europe was revived as Equiduct, and is currently operating under Börse Berlin
10.
New York Stock Exchange
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The New York Stock Exchange, is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York. It is by far the worlds largest stock exchange by market capitalization of its companies at US$19.3 trillion as of June 2016. The average daily trading value was approximately US$169 billion in 2013, the NYSE trading floor is located at 11 Wall Street and is composed of 21 rooms used for the facilitation of trading. A fifth trading room, located at 30 Broad Street, was closed in February 2007, the main building and the 11 Wall Street building were designated National Historic Landmarks in 1978. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists, previously, it was part of NYSE Euronext, which was formed by the NYSEs 2007 merger with Euronext. NYSE and Euronext now operate as divisions of Intercontinental Exchange, the NYSE has been the subject of several lawsuits regarding fraud or breach of duty and in 2004 was sued by its former CEO for breach of contract and defamation. The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement, previously securities exchange had been intermediated by the auctioneers who also conducted more mundane auctions of commodities such as wheat and tobacco. In 1817 the stockbrokers of New York operating under the Buttonwood Agreement instituted new reforms, after sending a delegation to Philadelphia to observe the organization of their board of brokers, restrictions on manipulative trading were adopted as well as formal organs of governance. Several locations were used between 1817 and 1865, when the present location was adopted, the invention of the electrical telegraph consolidated markets, and New Yorks market rose to dominance over Philadelphia after weathering some market panics better than other alternatives. The Civil War greatly stimulated speculative securities trading in New York, by 1869 membership had to be capped, and has been sporadically increased since. The latter half of the century saw rapid growth in securities trading. Securities trade in the nineteenth and early twentieth centuries was prone to panics. The Stock Exchange Luncheon Club was situated on the floor from 1898 until its closure in 2006. The main building, located at 18 Broad Street, between the corners of Wall Street and Exchange Place, was designated a National Historic Landmark in 1978, as was the 11 Wall Street building. The NYSE announced its plans to merge with Archipelago on April 21,2005, NYSEs governing board voted to merge with rival Archipelago on December 6,2005, and became a for-profit, public company. It began trading under the name NYSE Group on March 8,2006, Wall Street is the leading US money center for international financial activities and the foremost US location for the conduct of wholesale financial services. It comprises a matrix of wholesale financial sectors, financial markets, financial institutions, the principal sectors are securities industry, commercial banking, asset management, and insurance. Prior to the acquisition of NYSE Euronext by the ICE in 2013, Marsh Carter was the Chairman of the NYSE, presently, the chairman is Jeffrey Sprecher
