The long list of former NYSE presidents includes some star-studded lives & careers, especially in the beginning when the exchange was just getting off the ground. A thread on the life of Gurdon Mumford, the NYSE's 2nd president:
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On March 8 the brokers reorganized and adopted new rules & charters. Mumford advised the reorg & became a founding member of the exchange. Mumford became the 2nd president of the NYSE in 1818 and served until 1824, helping establish the exchange and NYC as a global finance hub.pic.twitter.com/fRcbobQdmP
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This story taught me 3 things:
1) Building an exchange takes a loooong time. The NYSE took 25 years to become a full-fledged, successful exchange.
2) Connections matter. Mumford succeeded bc of his political & banking relationships.
3) Gurdon Saltonstall Mumford is a 
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