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USA - The New York Cotton Exchange
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USA - The New York Cotton Exchange
USA - The New York Cotton Exchange - Cotton Exchange. New York. The New York Cotton Exchange (NYCE) was a commodities exchange founded in 1870 by a group of one hundred cotton brokers and merchants at 1 Hanover Square (later known as India House) in New York City.. Part of Box 160 Modern New York, Boswell collection. Date: circa 1900
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Media ID 14371826
© The Boswell Collection, Bexley Heritage Trust / Mary Evans
Brokers Commodities Cotton Exchange Founded Hanover Hundred Merchants
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This photograph offers a glimpse into the bustling world of the New York Cotton Exchange (NYCE) in the early 1900s. The NYCE, founded in 1870, was one of the earliest commodities exchanges in the United States. Established by a group of one hundred cotton brokers and merchants at 1 Hanover Square, later known as India House, in New York City, the Exchange played a significant role in the global cotton trade. The image presents a lively scene filled with activity. Men in suits and bowler hats, some wearing glasses and carrying canes, engage in animated conversations, while others study price quotations on large chalkboards. The room is filled with the sound of bids and offers being called out, and the scent of freshly printed quotation sheets fills the air. The atmosphere is tense, as the price of cotton, a crucial commodity in the textile industry, could make or break fortunes. The New York Cotton Exchange was an essential hub for the global cotton trade, connecting buyers and sellers from around the world. The Exchange's influence extended beyond the United States, as it set the benchmark for cotton prices, which were used as a reference point for other commodities exchanges worldwide. The NYCE's impact on the global economy is evident in this photograph, which captures the essence of the bustling, dynamic world of commodities trading in New York City at the turn of the 20th century.
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