In 1792, a small group of brokers gathered underneath a buttonwood tree near the Wall Street in New York City. Together, they signed an agreement to only trade stock to eachother. The Buttonwood Agreement became the foundation of the New York Stock and Exchange Board.
The Allied brokers soon began to look for a location to do business and in early 1793 they built the Tontine Coffee House. The coffee house became the prime location for exchanging stock in New York. The coffee house went on to become one of the busiest centers in the region for stock exchanging, auctioning, dances, and political rallies.



