On this day: May 17

POSTED: 01:12 PM PDT May 16, 2013    UPDATED: 11:00 PM PDT May 16, 2016 

St. Louis nearly burns to the ground, the first Kentucky Derby is held, the Supreme Court strikes down segregated schools, the Senate Watergate Committee begins televised hearings, and same-sex marriages begin in Massachusetts, all on this day.

OTD May 17 - Buttonwood Agreement
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Library of Congress

1792: What would become the New York Stock Exchange is formed when 24 stockbrokers outside of 68 Wall Street in New York City sign an agreement under a buttonwood tree. The Buttonwood Agreement, as it came to be known, established that the brokers were to deal exclusively with each other and set commissions at 0.25 percent.


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