BSE - Boston Stock Exchange

The BSE goes back to the 1830s, when Bostonians wanted other alternatives to invest the wealth they had accumulated through the insurance, banking and shipping industry. As the industry grew, it was vital to raise more capital so that the region's businesses and any other enterprises could be funded. It was then that thirteen business leaders founded the Boston Stock Exchange as the third ever U.S stock exchange to ever be formed. The BSE provided an area for stockbrokers to meet and trade their shares.

It started off with trading with stocks from insurance companies and local banks to mills, canals and utility stocks. The BSE was a great move for the country, in the 19th and 20th century, helping fund many mines, factories, railroads and expanded the economy. Today the Boston stock exchange is an essential part of the Boston financial community, which is the third-biggest investment management center in the world. Boston was the start of the mutual fund and is considered the "mutual fund capital" of the entire world, with trillions of dollars managed.

Five of the companies listed with the Boston Stock exchange (BSE) are American Mold Guard, Inc., Biodelivery Sciences INTNL International, Inc., Digital Recorders, Inc., Verizon Communications, Inc. and Magellan Petroleum Corporation. It is a regional stock exchange that can be found in Boston, Massachusetts. Of all the stock exchanges in America, the Boston stock Exchange is the third oldest having been founded in 1834.

The BSE has been economically recovering ever since the 1988-1992 downturn and with the September 11, 2001. Although Boston has been affected, it is still an important part of the economy and still considered one of the main places to do business in the United States. Boston is also known as the center for processing of wool and manufacturing textiles, clothing, leather goods and shoes contributing a lot to the Boston economy.

Boston has the oldest, continuously used port in America using it to export metals and grains and importing automobiles and petroleum products. The port is capable of accommodating some of the largest ocean going freighters also helping to make it so popular. The Fort Point Channel is a natural harbor and is seven miles long and 40 feet deep and is operated by the Massachusetts Port Authority.

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