The town is the basic unit of local government and local division of state authority in the six New England states. Most other U.S. states lack a direct counterpart to the New England town. New England towns overlie the entire area of a state, similar to civil townships in other states where they exist, but they are fully functioning municipal corporations , possessing powers similar to cities and counties in other states. New Jersey's system of equally powerful townships, boroughs, towns, and cities is the system which is most similar to that of New England. New England towns are often governed by a town meeting , an assembly of eligible town residents. The great majority of municipal corporations in New England are based on the town model; there, statutory forms based on the concept of a compact populated place are uncommon, though elsewhere in the U.S. they are prevalent. County government in New England states is typically weak, and in some states nonexistent. Connecticut , for example, has no county governments , nor does Rhode Island . Both of those states retain counties only as geographic subdivisions with no governmental authority, while Massachusetts has abolished eight of fourteen county governments so far. Counties serve mostly as dividing lines for the states' judicial systems and some other state services in the southern New England states while providing varying (but generally limited) services in the more sparsely populated three northern New England states.
138-709: Windsor Locks is a town in Hartford County, Connecticut , United States. The town is part of the Capitol Planning Region . As of the 2020 census , its population was 12,613. It is the site of Bradley International Airport , which serves the Greater Hartford-Springfield region and occupies approximately a third of the town. Windsor Locks is also the site of the New England Air Museum . Located beside
276-463: A National Historic Landmark in 1978. 18 Broad Street is also a New York City designated landmark . The New York Stock Exchange is closed on New Year's Day , Martin Luther King Jr. Day , Washington's Birthday , Good Friday , Memorial Day , Juneteenth National Independence Day , Independence Day , Labor Day , Thanksgiving , and Christmas . When those holidays occur on a weekend,
414-431: A 203-year process of paper transactions and ushering in an era of automated trading. As of January 24, 2007, all NYSE stocks can be traded via its electronic hybrid market (except for a small group of very high-priced stocks). Customers can now send orders for immediate electronic execution, or route orders to the floor for trade in the auction market. In the first three months of 2007, in excess of 82% of all order volume
552-725: A CDP which is coextensive with the entire town. CDPs are only recognized within towns, not cities. Because the primary role of CDPs is to establish "place" data for communities located in unincorporated areas, a CDP cannot be within an incorporated place. Since the Census Bureau recognizes New England cities as incorporated places, a CDP cannot be within a city. Data users from outside New England should be aware that New Englanders usually think in terms of entire towns (i.e., MCD data), making CDP data of marginal local interest. Since virtually all territory in New England outside of Maine
690-519: A base value of 50 points equal to the 1965 yearly close. This was done to reflect the value of all stocks trading at the exchange, in contrast with the then predominant Dow Jones Industrial Average which tracks just 30 stocks. To raise the profile of the composite index, in 2003, the NYSE set its new base value of 5,000 points equal to the 2002 yearly close. Its close at the end of 2013 was 10,400.32. In October 2008, NYSE Euronext completed acquisition of
828-461: A borough or city can span more than one town. In practice, though, most cities in Connecticut today do not function any differently from their counterparts elsewhere in New England. See the section below on boroughs and villages for more background on this topic. There are far fewer cities in New England than there are towns, although cities are more common in heavily built-up areas, and most of
966-484: A borough, a city can cover only a portion of a town rather than being coextensive with the town. This is rare today—only one or two examples remain—but it was more common in the past. At least one borough historically spanned more than one town: the borough of Danielsonville originally laid over parts of Killingly and Brooklyn , until the Brooklyn portion petitioned to be reorganized as a fire district and concurrently
1104-479: A change of ownership of a corporation holding a trading license. The Barnes family is the only known lineage to have five generations of NYSE members: Winthrop H. Barnes (admitted 1894), Richard W.P. Barnes (admitted 1926), Richard S. Barnes (admitted 1951), Robert H. Barnes (admitted 1972), Derek J. Barnes (admitted 2003) . In the mid-1960s, the NYSE Composite Index (NYSE: NYA) was created, with
1242-529: A city, it is coextensive and consolidated with the Town of Hartford; governed by a single governmental entity with the powers and responsibilities of the Town being carried out by the entity referred to as the City of Hartford. In legal theory though not in current practice Connecticut cities and boroughs could be coextensive (covering the same geography as the town) without being consolidated (a single government); also
1380-611: A conclusion as to the cause. The regulators found no evidence that the fall was caused by erroneous ("fat finger") orders. On October 29, 2012, the stock exchange was shut down for two days due to Hurricane Sandy . The last time the stock exchange was closed due to weather for a full two days was on March 12 and 13, 1888. On May 1, 2014, the stock exchange was fined $ 4.5 million by the Securities and Exchange Commission to settle charges that it had violated market rules. On August 14, 2014, Berkshire Hathaway 's A Class shares,
1518-556: A deal in which NASDAQ would have taken control of the stock exchanges. NYSE Euronext rejected this offer twice, but it was finally terminated after the United States Department of Justice indicated their intention to block the deal due to antitrust concerns. In December 2012, ICE had proposed to buy NYSE Euronext in a stock swap with a valuation of $ 8 billion. NYSE Euronext shareholders would receive either $ 33.12 in cash, or $ 11.27 in cash and approximately
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#17327733427421656-581: A delegation to Philadelphia to observe the organization of their board of brokers, restrictions on manipulative trading were adopted, as well as formal organs of governance. After re-forming as the New York Stock and Exchange Board, the broker organization began renting out space exclusively for securities trading, which previously had been taking place at the Tontine Coffee House . Several locations were used between 1817 and 1865, when
1794-420: A fair number of unincorporated, named communities that lie within the incorporated territory of a municipality. Connecticut is one of two New England states to have any type of incorporated general-purpose municipality below the town level, namely incorporated boroughs (Vermont has incorporated villages). There are nine remaining in the state, with one, Naugatuck , having consolidated with the town. Additionally,
1932-456: A few cases in Maine where a township or gore does not border any other unorganized land, it is treated as its own MCD rather than being folded into a larger UT. In theory, a CDP could probably be defined within an MCD representing an unorganized area. Due to the extremely sparse population in most such areas, however, there are few if any cases in which the Census Bureau has actually done so. For
2070-560: A for-profit, public company. It began trading under the name NYSE Group on March 8, 2006. On April 4, 2007, the NYSE Group completed its merger with Euronext, the European combined stock market, thus forming NYSE Euronext , the first transatlantic stock exchange. Wall Street is the leading U.S. money center for international financial activities and the foremost U.S. location for the conduct of wholesale financial services. "It comprises
2208-399: A for-profit, publicly traded company. Seat owners received $ 500,000 in cash per seat and 77,000 shares of the newly formed corporation. The NYSE now sells one-year licenses to trade directly on the exchange. Licenses for floor trading are available for $ 40,000 and a license for bond trading is available for as little as $ 1,000 as of 2010. Neither are resellable, but may be transferable during
2346-497: A historical example in New Hampshire, see Plantation number four . Most areas of New England never developed municipal forms based on the compact populated place concept. This contrasts with states with civil townships, which typically have extensive networks of villages or boroughs that carve out or overlay the townships. Two of the New England states do have general-purpose municipalities of this type, however, to at least
2484-400: A household in the town was $ 48,837, and the median income for a family was $ 59,054. Males had a median income of $ 41,179 versus $ 33,641 for females. The per capita income for the town was $ 23,079. 4.4% of the population and 3.3% of families were below the poverty line. Out of the total people living in poverty, 4.5% were under the age of 18 and 4.7% were 65 or older. Until 2000, Windsor Locks
2622-470: A limited extent. Connecticut has incorporated boroughs , and Vermont has incorporated villages . Such areas remain a part of their parent town, but assume some responsibilities for municipal services within their boundaries. In both states, they are typically regarded as less important than towns, and both seem to be in decline as institutions. In recent decades, many boroughs and villages have disincorporated, reverting to full town control. The term "village"
2760-478: A list of all New England towns and other town-level municipalities, see the following articles: Note: All population statistics are from the 2020 United States census . Connecticut contains 169 incorporated towns. Put into terms that are equivalent to the other New England states, 20 are cities/boroughs and 149 are towns. (As discussed in the Cities section of Other types of municipalities in New England above,
2898-690: A matrix of wholesale financial sectors, financial markets, financial institutions, and financial industry firms" (Robert, 2002). The principal sectors are securities industry, commercial banking, asset management, and insurance. Prior to the acquisition of NYSE Euronext by the ICE in 2013, Marsh Carter was the Chairman of the NYSE and the CEO was Duncan Niederauer . Currently, the chairman is Jeffrey Sprecher. In 2016, NYSE owner Intercontinental Exchange Inc. earned $ 419 million in listings-related revenues. The exchange
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#17327733427423036-485: A more modern, continuous trading system superior to the NYSE's twice-daily call sessions". The Open Board of Stock Brokers merged with the NYSE in 1869. Robert Wright of Bloomberg writes that the merger increased the NYSE's members as well as trading volume, as "several dozen regional exchanges were also competing with the NYSE for customers. Buyers, sellers and dealers all wanted to complete transactions as quickly and cheaply as technologically possible and that meant finding
3174-461: A normal-sized town, these areas were known by a variety of names, including gores , grants, locations, purchases, surpluses, and strips. Sometimes these areas were not included in any town due to survey errors (which is the technical meaning of the term "gore"). Sometimes they represent small areas that were left over when a particular region was carved into towns, not large enough to be a town on their own. Some appear to have simply been granted outside
3312-568: A part of a town — within Barnstable, the seven villages correspond to districts for fire, water, sewer and elementary schooling, for instance. (In Maine and New Hampshire, the term "village corporation" is used for a type of special-purpose district.) Many villages also are recognized as places by the United States Postal Service (some villages have their own post offices , with their names used in mailing addresses) or
3450-527: A particular municipality. All municipalities titled as cities are classified as incorporated places, even if their population-distribution pattern is no different from that of a typical town; towns are never classified as incorporated places, even if they are thoroughly built up. The ambiguity over whether certain municipalities in Massachusetts should be classified as cities or towns, and the Census Bureau's inconsistent handling of these municipalities (see
3588-498: A proposed buyout by International Specialty Products Incorporated in 2000, the Dexter Corporation separated its three divisions and sold them off to avoid a hostile takeover. The Life Sciences division merged with Invitrogen Corporation. The Specialty Polymers division was sold in part to AkzoNobel , and the remaining businesses merged with Loctite Corporation . The third division, Dexter Nonwoven Materials, located on
3726-413: A result, Maine has developed more of an infrastructure for administration of unincorporated and unorganized areas than the other New England states. The existence of this fallback probably explains why Maine has had significantly more towns disincorporated over the years than any other New England state. There have been numerous instances of towns in Maine disincorporating despite populations that numbered in
3864-521: A similar purpose to MCDs in other states in terms of governmental function or civic-identity importance. New England towns are classified as MCDs not because they are not "incorporated" but rather the data that the census gathers on places is analyzed based on different models (those of compact settled places and open rural places) that is not well represented by the New England Town system of organization. In order to better fit their own purposes,
4002-412: A single compact populated place. Plantations in Maine are similarly classified as MCDs. That New England towns serve, in essence, the same function as incorporated places in other states, but are not treated as incorporated places by the Census Bureau, can be a source of confusion. The Census classifications should not be understood to imply that New England towns are not incorporated, or necessarily serve
4140-428: A sixth of a share of ICE. Jeffrey Sprecher , the chairman and CEO of ICE, will retain those positions, but four members of the NYSE board of directors will be added to the ICE board. On January 24, 2023, a glitch in NYSE caused panic due to unintentional trade orders opened and closed in more than 250 securities. The NYSE's opening and closing bells mark the beginning and the end of each trading day. The opening bell
4278-423: A somewhat different manner from that of the other New England states. In these areas, towns were often "chartered" long before any settlers moved into a particular area. This was very common in the mid to late 18th century—although there were towns which predated that period and were not part of this process in southeastern New Hampshire, such as Exeter . Once there were enough residents in a town to formally organize
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4416-423: A town and a city have become blurred. Since the early 20th century, towns have been allowed to modify the town meeting form of government in various ways (e.g., representative town meeting , adding a town manager ). In recent decades, some towns have adopted what effectively amount to city forms of government, although they still refer to themselves as towns. As a practical matter, one municipality that calls itself
4554-719: A town and another that calls itself a city may have exactly the same governmental structure. With these changes in town government, a reluctance to adopt the title of city seems to have developed, and few towns have officially done so since the early 20th century. In Massachusetts, nine municipalities ( Agawam , Barnstable , Braintree , Franklin , Palmer , Randolph , Southbridge , West Springfield and Weymouth ) have adopted Mayor-Council or Council-Manager forms of government in their home rule charters, and are therefore considered to be legally cities, but nevertheless continue to call themselves "towns". They are sometimes referred to in legislation and other legal documents as "the city known as
4692-426: A town disincorporated or a plantation surrendered its organization). The remaining eight counties contain significant amounts of unincorporated/unorganized territory. Most of these areas are in very sparsely populated regions, however. Only about 1.3% of the state's population lives in areas not part of a town, city, or plantation. (Since the 2000 Census, two towns, Madrid and Centerville, have disincorporated. Thus, at
4830-550: A town government, no further action was necessary to incorporate. This practice can lead to inconsistencies in the dates of incorporation for towns in this region. Dates given in reference sources sometimes reflect the date when the town was chartered, which may have been long before it was settled, and not the date when its town government became active. In other parts of New England, some "future towns" were laid out along these lines, but such areas would not be formally incorporated as towns until they were sufficiently settled to organize
4968-560: A town government. A typical town in the northern three states was laid out in a 6-by-6-mile (9.7 by 9.7 km) square. Each contained 36 sections, 1 mile (1.6 km) squares or 640 acres (260 ha). One section was reserved for the support of public schools. This was copied when the Continental Congress laid out Ohio in 1785–87. Many early towns covered very large amounts of land. Once areas had become settled, new towns were sometimes formed by breaking areas away from
5106-562: A town meeting as its legislative body; instead, a city's legislative body is an elected representative body, typically called the city council or town council or board of aldermen . City governments are typically administered by a mayor (and/or city manager ). In common speech, people often generically refer to communities of either type as "towns", drawing no distinction between the two. The presence of incorporated boroughs in Connecticut and incorporated villages in Vermont has influenced
5244-607: A two-run home run to seal victory by a score of 3-1. Windsor Locks Little League was then crowned the champion of the 1965 Little League World Series . According to the United States Census Bureau , the town has a total area of 9.4 square miles (24.3 km), of which 9.0 square miles (23.4 km) is land and 0.35 square miles (0.9 km), or 3.65%, is water. Windsor Locks has a humid continental climate with hot and humid summer days to cold sometimes frigid winter nights. Average January temperature high
5382-460: A unique type of entity called a plantation . Beneath the town level, Connecticut has incorporated boroughs , and Vermont has incorporated villages . In addition to towns, every New England state has incorporated cities. However, cities are treated in the same manner as towns under state law, differing from towns only in their form of government. Most cities are former towns that changed to a city form of government because they grew too large to have
5520-475: A very rudimentary organization that does not rise to the level of an organized general-purpose municipal government (e.g., a town clerk 's office exists for the purpose of conducting elections for state or federal offices). In general, unorganized areas fall into one of the three categories below. During the 17th, 18th and 19th centuries, as town boundaries were being drawn up, small areas would sometimes be left over, not included in any town. Typically smaller than
5658-493: Is 36 °F (2.2 °C) and a low of 18 °F (−7.8 °C) temps can reach zero degrees or below 4 nights a year. Summer in Windsor Locks can be hot with the average July temperature of 87 °F (30.6 °C) at daytime and 63 °F (17.2 °C) at nighttime. Temperatures at or above 90 can occur 15 to 25 days per year. The hottest temperature at Windsor Locks was 103 °F (39.4 °C) on July 22, 2011, and
Windsor Locks, Connecticut - Misplaced Pages Continue
5796-700: Is an American stock exchange in the Financial District of Lower Manhattan in New York City . It is the largest stock exchange in the world by market capitalization . The NYSE trading floor is located at the New York Stock Exchange Building on 11 Wall Street and 18 Broad Street and is a National Historic Landmark . A previous trading room, at 30 Broad Street , was closed in February 2007. The NYSE
5934-476: Is employed by a NYSE member firm (that is, they are not an employee of the New York Stock Exchange), acts as an auctioneer in an open outcry auction market environment to bring buyers and sellers together and to manage the actual auction. They do on occasion (approximately 10% of the time) facilitate the trades by committing their own capital and as a matter of course disseminate information to
6072-655: Is headquartered in Windsor Locks. Hamilton Sundstrand changed names to UTC Aerospace Systems before acquiring Rockwell Collins and forming Collins Aerospace in 2018. On September 19, 2008, the Federal Reserve Bank of Boston ceased operations at Windsor Locks and moved them to the Federal Reserve Bank of Philadelphia . Primary and secondary education falls under the oversight of Windsor Locks Public Schools. Windsor Locks contains five public schools for students in grades Pre-K3 to 12th grade and one transition academy for students age 18–21. As of 2023, Windsor Locks
6210-411: Is incorporated, CDPs do not really serve the same purpose as they do elsewhere; CDPs in New England invariably represent territory that is not "unincorporated", but part of a larger incorporated town. The extent to which such an area has its own distinct identity can vary, but is not usually as strong as identification with the town as a whole. There are numerous instances where the Census Bureau recognizes
6348-433: Is no area that is outside the bounds of a municipality. Using usual American terminology, there is no "unincorporated" land in Massachusetts. Of the 351 municipalities, the number that are cities and the number that are towns is a matter of some ambiguity. Depending on which source is consulted, anywhere from 39 to 53 are cities. The ambiguity is the result of questions around the legal status of municipalities that have since
6486-510: Is one of the few states in the region that is an exception to this rule; the Massachusetts Constitution requires a town to have a population of at least 10,000 people before it can switch its government from a town meeting form to a city form. Nevertheless, even without a hard and fast population limit for city status, the practical threshold to become a city seems to be higher in the three southern New England states than in
6624-469: Is open for trading Monday through Friday from 9:30 am – 4:00 pm ET , with the exception of holidays declared by the Exchange in advance. Proposals for round-the-clock trading have been considered by NYSE. The NYSE trades in a continuous auction format, where traders can execute stock transactions on behalf of investors. They will gather around the appropriate post where a specialist broker, who
6762-627: Is owned by Intercontinental Exchange , an American holding company that it also lists (ticker symbol ICE). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext . According to a Gallup poll conducted in 2022, approximately 58% of American adults reported having money invested in the stock market, either through individual stocks, mutual funds , or retirement accounts . The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to
6900-425: Is rung at 9:30 am ET to mark the start of the day's trading session. At 4 pm ET the closing bell is rung and trading for the day stops. There are bells located in each of the four main sections of the NYSE that all ring at the same time once a button is pressed. There are three buttons that control the bells, located on the control panel behind the podium which overlooks the trading floor. The main bell, which
7038-417: Is rung at the beginning and end of the trading day, is controlled by a green button. The second button, colored orange, activates a single-stroke bell that is used to signal a moment of silence. A third, red button controls a backup bell which is used in case the main bell fails to ring. The ringing of the bells usually accompanied with applause and is often done by VIPs and celebrities (See pictures and
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#17327733427427176-481: Is sometimes used in New England to describe a distinct, built-up place within a town or city. This may be a town center , which bears the same name as the town or city (almost every town has such a place), or a name related to that of the town, or a completely unrelated name. The town of Barnstable, Massachusetts , for example, includes the villages of Barnstable Village , West Barnstable , Centerville , Marstons Mills , Osterville , Cotuit , and Hyannis . Except for
7314-554: Is split into two House districts: the 60th represented by Jane Garibay (D) and the 61st represented by Tami Zawistowski (R). Windsor Locks uses the selectman-town meeting system with an elected Board of Finance. Windsor Locks adopted the Windsor Locks Town Charter in 1981. Windsor Locks' Board of Selectman is composed of First Selectman Scott Storms (R), Selectman Jonathan Savino (D), and Selectman James Cannon (R). The following places in Windsor Locks are on
7452-469: Is sufficiently populated to be covered by a town or a city. In colonial times, Massachusetts also used the term "plantation" for a community in a pre-town stage of development (Maine originally got the term from Massachusetts, as Maine was part of Massachusetts until 1820, when it became a state via the Missouri Compromise ). The term "plantation" had not been much used in Massachusetts since
7590-561: The 1997 Mini-Crash but from which the DJIA recovered quickly. This was the first time that the " circuit breaker " rule had operated. On January 26, 2000, an altercation during filming of the music video for Rage Against the Machine 's " Sleep Now in the Fire ", directed by Michael Moore , caused the doors of the exchange to be closed and the band to be escorted from the site by security after
7728-668: The American Stock Exchange (AMEX) for $ 260 million in stock. On February 15, 2011, NYSE and Deutsche Börse announced their merger to form a new company, as yet unnamed, wherein Deutsche Börse shareholders would have 60% ownership of the new entity, and NYSE Euronext shareholders would have 40%. On February 1, 2012, the European Commission blocked the merger of NYSE with Deutsche Börse , after commissioner Joaquín Almunia stated that
7866-629: The Buttonwood Agreement . Previously, securities exchange had been intermediated by the auctioneers , who also conducted more mundane auctions of commodities such as wheat and tobacco. On May 17, 1792, twenty-four brokers signed the Buttonwood Agreement, which set a floor commission rate charged to clients and bound the signers to give preference to the other signers in securities sales. The earliest securities traded were mostly governmental securities such as War Bonds from
8004-601: The Connecticut River and equidistant from the densely populated cities of Springfield, Massachusetts and Hartford, Connecticut , Windsor Locks is named for a set of canal locks that opened in 1829. Windsor Locks is situated just south of the first large falls in the Connecticut River, the Enfield Falls , which is the head of navigation (the farthest point that seagoing vessels can reach) of
8142-634: The National Register of Historic Places . New England town Towns date back to the time of the earliest English colonial settlement , which predominated in New England, and they pre-date the development of counties in the region. Areas were organized as towns as they were settled, throughout the 17th, 18th, and 19th centuries. Town boundaries were not usually laid out on any kind of regular grid, but were drawn to reflect local settlement and transportation patterns, often affected by natural features. In early colonial times, recognition of towns
8280-468: The U.S. Securities and Exchange Commission , with a president and a thirty-three-member board. On February 18, 1971, the non-profit corporation was formed, and the number of board members was reduced to twenty-five. One of Abbie Hoffman 's well-known publicity stunts took place in 1967, when he led members of the Yippie movement to the Exchange's gallery. The provocateurs hurled fistfuls of dollars toward
8418-428: The United States Census Bureau (which recognizes some villages as census-designated places and tabulates census data for them). Towns with an example of the former, such as Richmond, Rhode Island , do not have a post office themselves, but instead use villages in town or villages in nearby towns as a mailing address. This leads to a weaker town identification in such towns, with residents more strongly identifying with
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#17327733427428556-549: The United States Census Bureau does not classify New England towns as "incorporated places". They are instead classified as " minor civil divisions " (MCDs), the same category into which civil townships fall. The Census Bureau classifies New England towns in this manner because they are conceptually similar to civil townships from a geographic standpoint, typically exhibiting similar population-distribution patterns. Like civil townships, but unlike most incorporated municipalities in other states, New England towns do not usually represent
8694-446: The 1840s, and for many years prior to the 1860s Vermont had just one city. Even Massachusetts, historically New England's most populous state, did not have any cities until 1822, when Boston was granted a city form of government by the state legislature. In most of New England, population is not a determining factor for what makes a city or town, and there are many examples of towns with larger populations than nearby cities. Massachusetts
8832-717: The 18th and 19th centuries as what might be termed "future towns", but never saw enough settlement to actually commence operation of a formal town government. All three of the northern New England states also include at least one unorganized township that was once a town but has disincorporated and reverted to unorganized territory, generally due to population loss. Maine also has some unorganized townships that were once organized as plantations. Maine has significantly more unorganized territory than Vermont or New Hampshire. Fewer than 100 Vermont residents and fewer than 250 New Hampshire residents live in unorganized areas. In Maine, by contrast, about 10,000 residents live in unorganized areas. As
8970-497: The 18th century. Massachusetts also once had "districts", which served much the same purpose. They were considered to be incorporated, but lacked the full privileges of a town. On August 23, 1775, in order for more representation for the Revolutionary War, 36 towns in Massachusetts and 6 in Maine were incorporated, effectively eliminating the district meaning. Maine and Rhode Island are also known to have made limited use of
9108-457: The 1970s, through home-rule petition, adopted corporate charters approved by the state legislature with forms of government that resemble city government and do not include elements traditionally associated with town government (especially, a board of selectmen and a town meeting). Of the fourteen communities that have done so, all but three call themselves a "town" in their municipal operations, and are usually referred to by residents as "towns", but
9246-478: The 2011 rule change, at the start of each trading day, the NYSE sets three circuit breaker levels at levels of 7% (Level 1), 13% (Level 2), and 20% (Level 3) of the average closing price of the S&P 500 for the preceding trading day. Level 1 and Level 2 declines result in a 15-minute trading halt unless they occur after 3:25 pm, when no trading halts apply. A Level 3 decline results in trading being suspended for
9384-450: The 20th century, however. One late instance was the separation of Sugar Hill, New Hampshire , from the town of Lisbon in 1962. It has not taken place anywhere in New England in the last fifty years; boundary changes of any type are fairly rare. Towns are the basic building block of the New England municipality system, although several other types of municipalities also exist. Every New England state has cities . In addition, Maine also has
9522-607: The 42 municipalities that title themselves as cities are recognized as cities. This includes the 39 cities that adopted city forms of government through pre-home rule procedures. The other 309 municipalities in the state are treated as towns below. The same classification is used for identifying Massachusetts cities on the list of New England towns and its attendant pages with historical census population statistics. For further information, see this section of Massachusetts government . New York Stock Exchange The New York Stock Exchange ( NYSE , nicknamed " The Big Board ")
9660-478: The CDP. At the same time, not all built-up places with significant populations are recognized as CDPs. The Census Bureau has historically recognized relatively few CDPs within urbanized areas in particular. Many towns located in such areas do not contain any recognized CDPs and will thus be completely absent from Census materials presenting the population of "places". Greenwich, Connecticut, is one prominent example. While
9798-410: The Census Bureau, can be another source of confusion. The Census classifications should not be understood to imply that cities are incorporated but towns are not, or that cities and towns represent two fundamentally different types of entities. The Census classifies New England municipalities strictly based on whether they are towns or cities, with no regard to the actual population-distribution pattern in
9936-452: The Census only counts cities and certain fully urbanized towns as "places" in its categorization. In other towns, those with small built-up central villages, the Census designates one or more census-designated places (CDPs) and considers all other land to be parts of "minor civil divisions". This classification is done only for the Census's own data analysis, and otherwise has no connection to
10074-471: The Connecticut River. The Enfield Falls Canal circumvents the Enfield Falls and its nearby shallows. Originally part of Windsor , Windsor Locks broke off into its own settlement in 1854 named after the thriving Enfield Locks going around Enfield Falls which opened in 1829. Bradley International Airport opened as a military base in 1940, and opened to civilian use in 1947. In 1967 the town boundary
10212-481: The Exchange on October 24, 1929, and the sell-off panic which started on Black Tuesday , October 29, are often blamed for precipitating the Great Depression . In an effort to restore investor confidence, the Exchange unveiled a fifteen-point program aimed to upgrade protection for the investing public on October 31, 1938. On October 1, 1934, the exchange was registered as a national securities exchange with
10350-527: The Killingly portion was renamed Danielson by the General Assembly. There are no legal restrictions in Connecticut that would prevent a city or borough today from similarly overlaying the territory of more than one town, provided it is not consolidated with one of the underlying towns. Cities actually developed earlier in Connecticut than in the other New England states, and were originally based on
10488-641: The Massachusetts Secretary of the Commonwealth's Office considers all fourteen to be legally cities. Other sources within state government often refer to all fourteen municipalities as towns, however. The U.S. Census Bureau listed all as towns through the 1990 Census. For the 2000 Census, some were listed by the Federal government as towns and some as cities, a situation that continues in Census materials since 2000. Massachusetts appears to be
10626-431: The NYSE imposed rules restricting brokers from voting uninstructed shares. The Stock Exchange Luncheon Club was situated on the seventh floor from 1898 until its closure in 2006. On April 21, 2005, the NYSE announced its plans to merge with Archipelago in a deal intended to reorganize the NYSE as a publicly traded company. NYSE's governing board voted to merge with rival Archipelago on December 6, 2005, and became
10764-460: The NYSE reopened on May 26, 2020. The main New York Stock Exchange Building , built in 1903, is at 18 Broad Street, between the corners of Wall Street and Exchange Place, and was designed in the Beaux Arts style by George B. Post . The adjacent structure at 11 Wall Street, completed in 1922, was designed in a similar style by Trowbridge & Livingston . The buildings were both designated
10902-712: The Revolutionary War and First Bank of the United States stock, although Bank of New York stock was a non-governmental security traded in the early days. The Bank of North America , along with the First Bank of the United States and the Bank of New York, were the first shares traded on the New York Stock Exchange. In 1817, the stockbrokers of New York, operating under the Buttonwood Agreement , instituted new reforms and reorganized. After sending
11040-472: The Statistics and Superlatives section below), further blurs matters. To fill in some of the "place" data, the Census Bureau sometimes recognizes census-designated places (CDPs) within New England towns. These often correspond to town centers or other villages, although not all such areas are recognized as CDPs. In cases where a town is entirely or almost entirely built-up, the Census sometimes recognizes
11178-517: The Town of ..." Greenfield, in December 2017, dropped the "town" designation, which some called "embarrassing" and which legislators said made paperwork more difficult. Common parlance labeling a community a "city" or a "town" may have more to do with its current size, whether its current size or its historical size and reputation. In addition to towns and cities, Maine has a third type of town-like municipality not found in any other New England state,
11316-527: The Town of Greenwich appears in MCD materials, the Census Bureau does not recognize Greenwich as a "place". In New Hampshire and Vermont, the Census Bureau treats each individual unorganized entity (township, gore, grant, etc.) as an MCD. In Maine, it seems, due to the extent of unorganized area, the Census Bureau typically lumps contiguous townships, gores, and the like together into larger units called "unorganized territories" (UTs), which are then treated as MCDs. In
11454-611: The U.S., except that it uses the town as its basic unit rather than the county. Even though the Census Bureau does not treat New England towns as "incorporated places", it does classify cities in New England as such. The rationale behind this is that cities are likely to be more thoroughly built-up and therefore more readily comparable to cities in other states than towns are. Boroughs in Connecticut and incorporated villages in Vermont are also treated as incorporated places. That New England states, in general, regard cities and towns on equal footing, yet they are handled in two different ways by
11592-564: The US Census Bureau treats Groton Long Point as a borough, as an act of the state legislature gives it the same powers as a borough, although it has never formally organized as one. They were once more numerous. Many of those that remain are very small. Connecticut also has at least one remaining city ( Groton ) that is within, but not coextensive with, its parent town . A second non-coextensive city, Winsted , still exists on paper, but its government has been consolidated with that of
11730-476: The actual organization or legal status of New England towns. The census bureau does uniquely recognize towns, however, in that it classifies metropolitan areas in New England on the basis of town boundaries rather than county boundaries as it does in other parts of the U.S. Unique to New England is the New England city and town area , which is analogous to Metropolitan Statistical Areas in other parts of
11868-505: The borough concept. At one time, all cities were non-coextensive; the practice of making cities coextensive with their towns was a later adaptation intended to mimic the city concept that had emerged in the other New England states. Over time, many non-coextensive cities have expanded to become coextensive with their parent town. As with boroughs, many have also disincorporated and reverted to full town control. These two trends have combined to make non-coextensive cities very rare in recent times;
12006-653: The boundary with New York State , housing the Stratford Shoal Light , is not part of any town and is administered directly by the United States Coast Guard . In general, inhabited minor off-shore islands are administered as part of a nearby town and in some cases, are their own independent towns, such as the town of Gosnold , Massachusetts, which encompasses the Elizabeth Islands . Unlike municipalities in most other states,
12144-415: The built-up area around a town center as a CDP, resulting in a CDP that bears the same name as the town. In these cases, data for the CDP is, in general, meaningless to local residents, who seldom draw any particular distinction between the built-up area around the town center and outlying areas of the town. A local source citing data for such a community will almost always use the data for the entire town, not
12282-402: The button that signals the bells to ring. Due to the amount of coverage that the opening/closing bells receive, many companies coordinate new product launches and other marketing-related events to start on the same day as when the company's representatives ring the bell. It was only in 1995 that the NYSE began having special guests ring the bells on a regular basis; prior to that, ringing the bells
12420-446: The coldest recorded temperature was −26 °F (−32 °C) on January 22, 1961. Average rainfall in Windsor Locks is 46.27 inches. As of the census of 2000, there were 12,043 people, 4,935 households, and 3,306 families residing in the town. The population density was 1,333.8 inhabitants per square mile (515.0/km). There were 5,101 housing units at an average density of 218.1 persons/km (565.0 persons/sq mi). The racial makeup of
12558-696: The company's original site in Windsor Locks, was sold to the Finnish Ahlstrom Paper Group. The physical plant continues to operate, with offices located nearby at 2 Elm Street. In 2011, the Home and Personal Nonwovens division of Ahlstrom Windsor Locks was sold to Suominen Corporation, also headquartered in Finland. In 1952 Hamilton Standard opened its aircraft propeller plant in Windsor Locks. In 1999, Hamilton Standard merged with Sundstrand Corporation to become Hamilton Sundstrand , which
12696-423: The cost of seat reached a then-record $ 185,000. The most expensive inflation-adjusted seat was sold in 1929 for $ 625,000, which, today, would be over six million dollars. In recent times, seats have sold for as high as $ 4 million in the late 1990s and as low as $ 1 million in 2001. In 2005, seat prices shot up to $ 3.25 million as the exchange entered into an agreement to merge with Archipelago and became
12834-408: The crowd that helps to bring buyers and sellers together. The auction process moved toward automation in 1995 through the use of wireless handheld computers (HHC). The system enabled traders to receive and execute orders electronically via wireless transmission. On September 25, 1995, NYSE member Michael Einersen, who designed and developed this system, executed 1000 shares of IBM through this HHC ending
12972-434: The district concept. Districts have not been at all common since the first half of the 19th century, and there have not been any districts anywhere in New England in over a century. Maine is the only New England state that currently has a significant amount of territory that is not sufficiently populated to support town governments; thus, it is the only New England state that still needs the plantation type of municipality. For
13110-400: The evolution of cities in those states. In Connecticut in particular, the historical development of cities was quite different from in the other New England states, and at least technically, the relationship between towns and cities is today different from elsewhere in New England. Just as boroughs in Connecticut overlay towns, so do cities; for example, while Hartford is commonly thought of as
13248-490: The exception rather than the rule in the New England system, and the number of New England residents who live in them is extremely small in comparison to those who live in towns and cities, even in Maine. Most such areas are located in very sparsely populated regions. Much of the barely inhabited interior of Maine is unorganized, for example. The majority of the unincorporated areas in New Hampshire are in Coos County , and
13386-522: The gong was switched to the bell format that is currently being used. The bell itself was produced by Bevin Brothers in East Hampton, Connecticut , which is known colloquially as "Bell Town" for its history of bell foundries and metal toy manufacturing. A common sight today is the highly publicized events in which a celebrity or executive from a corporation stands behind the NYSE podium and pushes
13524-474: The highest priced shares on the NYSE, hit $ 200,000 a share for the first time. On July 8, 2015, technical issues affected the stock exchange, halting trading at 11:32 am ET. The NYSE reassured stock traders that the outage was "not a result of a cyber breach", and the Department of Homeland Security confirmed that there was "no sign of malicious activity". Trading eventually resumed at 3:10 pm ET
13662-493: The holiday is observed on the closest weekday. In addition, the Stock Exchange closes early on the day before Independence Day, the day after Thanksgiving, and Christmas Eve. The NYSE averages about 253 trading days per year. The New York Stock Exchange (sometimes referred to as " The Big Board ") provides a means for buyers and sellers to trade shares of stock in companies registered for public trading. The NYSE
13800-805: The hundreds. While these were not large communities, they were large enough to realistically operate a town government if they wanted to, but simply elected not to. In Vermont and New Hampshire, disincorporation has, in general, not been brought up for discussion unless a town's population has approached single digits. In general, coastal waters in the New England states are administered directly by either state or federal agencies and are not part of any town. Several towns, however, have chosen to include all or part of their corresponding coastal waters in their territory. Coastal waters include human-made structures built within them. In Connecticut, for example, an artificial, uninhabited island in Long Island Sound at
13938-490: The incorporated villages in Vermont, these "villages" are not incorporated municipalities and should not be understood as such. Towns do sometimes grant a certain measure of recognition to such areas, using highway signs that identify them as "villages", for example. These informal "villages" also sometimes correspond to underlying special-purpose districts such as fire or water districts, which are separately incorporated quasi-municipal entities that provide specific services within
14076-464: The largest municipalities in the region are titled as cities. Across New England as a whole, only about 5% of all incorporated municipalities are cities. Cities are more common in the three southern New England states, which are much more densely populated, than they are in the three northern New England states. In early colonial times, all incorporated municipalities in New England were towns; there were no cities. Springfield, Massachusetts , for instance,
14214-618: The majority of the unincorporated areas in Vermont are in Essex County . Two additional counties in New Hampshire and three additional counties in Vermont contain smaller amounts of unincorporated territory. In Maine, eight of the state's sixteen counties contain significant amounts of unorganized territory (in essence, those counties in the northern and interior parts of the state). Four other counties contain smaller amounts. Most of these areas have no local government at all; indeed, some have no permanent population whatsoever. Some areas have
14352-430: The markets with the most trading, or the greatest liquidity in today's parlance. Minimizing competition was essential to keep a large number of orders flowing, and the merger helped the NYSE maintain its reputation for providing superior liquidity." The Civil War greatly stimulated speculative securities trading in New York. By 1869, membership had to be capped, and has been sporadically increased since. The latter half of
14490-498: The members attempted to gain entry into the exchange. In the aftermath of the September 11 attacks , the NYSE was closed for four trading sessions, resuming on Monday, September 17, one of the rare times the NYSE was closed for more than one session and only the third time since March 1933. On the first day, the NYSE suffered a 7.1% drop in value (684 points); after a week, it dropped by 14% (1,370 points). An estimated $ 1.4 trillion
14628-530: The merger "would have led to a near-monopoly in European financial derivatives worldwide". Instead, Deutsche Börse and NYSE would have to sell either their Eurex derivatives or LIFFE shares in order to not create a monopoly. On February 2, 2012, NYSE Euronext and Deutsche Börse agreed to scrap the merger. In April 2011, Intercontinental Exchange (ICE), an American futures exchange , and NASDAQ OMX Group had together made an unsolicited proposal to buy NYSE Euronext for approximately US$ 11,000,000,000,
14766-486: The nineteenth century saw rapid growth in securities trading. Securities trade in the latter nineteenth and early twentieth centuries was prone to panics and crashes. Government regulation of securities trading was eventually seen as necessary, with arguably the most dramatic changes occurring in the 1930s after a major stock market crash precipitated the Great Depression . The NYSE has also imposed additional rules in response to shareholder protection controls, e.g. in 2012,
14904-443: The only New England state where this issue has arisen, though other New England states also have municipalities that have adopted what amounts to city forms of government but continue to call themselves "towns". In the other New England states, it does not appear that any need to officially label such municipalities as "cities" has been identified. For purposes of determining the "largest town" and "smallest city", in this article, only
15042-530: The only one currently incorporated is the city of Groton , located in the southwestern part of the town of Groton, Connecticut . In Vermont, if a village becomes a city, it does not continue to overlay its parent town, but breaks away and becomes a completely separate municipality. Most cities in Vermont today are actually former villages rather than former towns, and are much smaller than a typical town in terms of land area. The above process has created several instances where there are adjacent towns and cities with
15180-411: The original existing towns. This was an especially common practice during the 18th and early 19th centuries. More heavily populated areas were often subdivided on multiple occasions. As a result, towns and cities in urbanized areas are often smaller in terms of land area than an average town in a rural area. Formation of new towns in this manner slowed in the later part of the 19th century and early part of
15318-629: The parent company of United Airlines , which broke down. When the UAL deal fell through, it helped trigger the collapse of the junk bond market causing the Dow to fall 190.58 points, or 6.91 percent. Similarly, there was a panic in the financial world during the year of 1997; the Asian Financial Crisis . Like the fall of many foreign markets, the Dow suffered a 7.18% drop in value (554.26 points) on October 27, 1997, in what later became known as
15456-524: The plantation. A plantation is, in essence, a town-like community that does not have enough population to require full town government or services. Plantations are organized at the county level and typically found in sparsely populated areas. There is no bright-line population divider between a town and a plantation, but no plantation currently has any more than about 300 residents. Plantations are considered to be "organized" but not "incorporated." Not all counties have them; in some southern counties, all territory
15594-488: The present location was adopted. The invention of the electrical telegraph consolidated markets and New York's market rose to dominance over Philadelphia after weathering some market panics better than other alternatives. The Open Board of Stock Brokers was established in 1864 as a competitor to the NYSE. With 354 members, the Open Board of Stock Brokers rivaled the NYSE in membership (which had 533) "because it used
15732-421: The relationship between towns and cities in Connecticut is different from the other New England states, at least on paper; thus, in the technical sense, all 169 of the above municipalities are really towns, with 20 overlaid by a coextensive city or borough of the same name.) Together, these 169 municipalities cover the entire state. There is no unincorporated territory, but, as in all New England states, there are
15870-455: The remainder of the day. (The biggest one-day decline in the S&P 500 since 1987 was the 11.98% drop on March 16, 2020 .) Until 2005, the right to directly trade shares on the exchange was conferred upon owners of a limited number of "seats". The term comes from the fact that up until the 1870s NYSE members sat in chairs to trade. In 1868, the number of seats was fixed at 533, and this number
16008-439: The remaining 32 are organized as plantations. These 485 organized municipalities together cover much of, but not all of, the state's territory. Of Maine's sixteen counties, only four are entirely incorporated. Four other counties are almost entirely incorporated, but include small amounts of unincorporated/unorganized territory (three of these four counties were entirely incorporated or organized at one time, but lost that status when
16146-609: The same day. On May 25, 2018, Stacey Cunningham , the NYSE's chief operating officer, became the Big Board's 67th president, succeeding Thomas Farley. She is the first female leader in the exchange's 226-year history. In March 2020, the NYSE announced plans to temporarily move to all-electronic trading on March 23, 2020, due to the COVID-19 pandemic . Along with the PHLX and the BSE ,
16284-506: The same name. In all cases, the city was originally the "town center" of the town, but later incorporated as a city and became a separate municipality. All three of the northern New England states ( Vermont , New Hampshire , and Maine ) contain some areas that are unincorporated and unorganized, not part of any town, city or plantation. Maine has significantly more such area than the other two states. While these areas do exist, their importance should not be overstated. They are certainly
16422-516: The second-biggest one-day drop the exchange had experienced. Black Monday was followed by Terrible Tuesday, a day in which the Exchange's systems did not perform well and some people had difficulty completing their trades. Subsequently, there was another major drop for the Dow on October 13, 1989—the Mini-Crash of 1989 . The crash was apparently caused by a reaction to a news story of a $ 6.75 billion leveraged buyout deal for UAL Corporation,
16560-404: The section "Notable bell-ringers"). The signal to start and stop trading was not always a bell; a gavel was the original signal, which is still utilized alongside the bell. However, the gavel is frequently damaged. During the late 1800s, the NYSE decided to switch the gavel for a gong to signal the day's beginning and end. After the NYSE changed to its present location at 18 Broad Street in 1903,
16698-457: The three northern New England states. In Massachusetts, Connecticut and Rhode Island, almost every city has at least 10,000 people, and all but a few have at least 20,000. In Maine, New Hampshire and Vermont, however, there are a number of cities with fewer than 10,000 people, and there are five (three in Maine and two in Vermont) with fewer than 5,000. Over time, some of the distinctions between
16836-399: The time of the 2000 Census, Maine had 22 cities, 434 towns, and 34 plantations, for a total of 490 organized municipalities. Also since the 2010 Census, Sanford adopted a new charter that included designation as a city.) Massachusetts contains 351 municipal corporations, consisting of cities and towns. These 351 municipalities together encompass the entire territory of Massachusetts; there
16974-444: The town of Winchester for many years, making it more of a special-purpose district than a true municipality. Winsted is no longer recognized by the Census Bureau as an incorporated place, although data is tabulated for a Census Designated Place that is coextensive with that of the original city. As of the 2020 census, Maine contains 485 organized municipalities, of which 23 are incorporated as cities, 430 are incorporated as towns, and
17112-559: The town was 92.47% White, 2.67% African American , 0.12% Native American , 2.57% Asian , 0.00% Pacific Islander, 0.75% from other races, and 1.42% from two or more races. 2.22% of the population were Hispanic or Latino of any race. There were 4,935 households, out of which 29.3% had children under the age of 18 living with them, 50.9% were married couples living together, 11.7% had a woman whose husband does not live with her, and 33.0% were non-families. 27.0% of all households were made up of individuals, and 11.3% had someone living alone who
17250-483: The trading floor below. Some traders booed, and some laughed and waved. Three months later the stock exchange enclosed the gallery with bulletproof glass. Hoffman wrote a decade later, "We didn't call the press; at that time we really had no notion of anything called a media event." On October 19, 1987, the Dow Jones Industrial Average (DJIA) dropped 508 points, a 22.6% loss in a single day,
17388-621: The usual town structure, sometimes in areas where it was probably not contemplated that towns would ever develop. Over time, those located in more populated areas were, in general, annexed to neighboring towns or incorporated as towns in their own right. No such areas exist today in Massachusetts, Connecticut or Rhode Island, but some remain in New Hampshire, Vermont and Maine. All three of the northern New England states contain some town-sized unorganized entities, referred to as "unorganized townships" (sometimes, just "townships") or "unorganized towns". Most of these are areas that were drawn up on maps in
17526-451: The village they live in. However, villages or CDPs have no existence as general-purpose municipalities separate from the town (if they even have any legal existence at all), and are usually regarded by local residents as a part of the town in which they are located, less important than the whole. It is possible for a Connecticut borough or Vermont village to become a city. In Connecticut, cities overlay towns just as boroughs do, and, just like
17664-449: Was 65 years of age or older. The average household size was 2.43 and the average family size was 2.97. In the town, the population was spread out, with 23.7% under the age of 18, 6.2% from 18 to 24, 31.2% from 25 to 44, 22.5% from 45 to 64, and 16.5% who were 65 years of age or older. The median age was 39 years. For every 100 females, there were 94.2 males. For every 100 females age 18 and over, there were 92.1 males. The median income for
17802-591: Was a town for the first two centuries of its existence. The entire land areas of Connecticut and Rhode Island had been divided into towns by the late 18th century, and Massachusetts was almost completely covered early in the 19th century. By 1850, the only New England state that still had large unincorporated areas was Maine ; by the end of the 19th century, most areas in Maine that could realistically be settled had been organized into towns. Early town organization in Vermont and much of New Hampshire proceeded in
17940-589: Was altered due to the opening of the Bradley Airport Connector . The town boundary between Windsor Locks and Windsor changed several times and currently sits with Windsor Locks being on the westbound side and Windsor on the eastbound side of the median of CT Route 20. Led by Coach Russ Mattesen, Windsor Locks Little League advanced to the finals, competing against Stoney Creek Little League from Stoney Creek, Ontario , on August 28, 1965. Pitcher Mike Roche struck out 14 players, and Dale Misek struck
18078-462: Was closed shortly after the beginning of World War I (July 31, 1914), but it partially re-opened on November 28 of that year in order to help the war effort by trading bonds , and completely reopened for stock trading in mid-December. On September 16, 1920, the Wall Street bombing occurred outside the building, killing forty people and injuring hundreds more. The Black Thursday crash of
18216-536: Was delivered to the floor electronically. NYSE works with US regulators such as the SEC and CFTC to coordinate risk management measures in the electronic trading environment through the implementation of mechanisms like circuit breakers and liquidity replenishment points. Following the Black Monday market crash in 1987, NYSE imposed trading curbs to reduce market volatility and massive panic sell-offs. Following
18354-563: Was home to the oldest corporation listed on the New York Stock Exchange , the Dexter Corporation. Established in 1767 as C.H. Dexter and Sons, the company grew from a family-owned saw and grist mill and evolved into a multi-national producer of long fiber papers and chemical laminates. In its 233 years of operation, the company grew from manufacturing tissues, toilet paper, and tea bags to marketing more specialized products like medical garments and industrial finishes. Faced with
18492-413: Was increased several times over the years. In 1953, the number of seats was set permanently at 1,366. These seats were a sought-after commodity as they conferred the ability to directly trade stock on the NYSE, and seat holders were commonly referred to as members of the NYSE. Seat prices varied widely over the years, generally falling during recessions and rising during economic expansions. In January 1927
18630-495: Was lost within five days of trading. The NYSE was only 5 blocks from Ground Zero . On May 6, 2010, the Dow Jones Industrial Average posted its largest intraday percentage drop since the crash on October 19, 1987, with a 998-point loss later being called the 2010 Flash Crash (as the drop occurred in minutes before rebounding). The SEC and CFTC published a report on the event, although it did not come to
18768-442: Was settled as a "plantation" (in colonial Massachusetts, the term was synonymous with town) as early as 1636, but the city of Springfield was not established until 1852. The oldest cities in New England date to the last few decades of the 18th century, (e.g. New Haven, Connecticut , was chartered as a city in 1784). In New England, cities were not widespread until well into the 19th century. New Hampshire did not have any cities until
18906-461: Was usually the responsibility of the exchange's floor managers. Many of the people who ring the bell are business executives whose companies trade on the exchange, usually to announce new products, acquisitions, mergers or public offerings. However, there have also been many famous people from outside the world of business that have rung the bell, such as the Mayor of New York City Rudy Giuliani and
19044-431: Was very informal, generally connected to local church divisions. By 1700, colonial governments had become more involved in the official establishment of new towns. Towns were typically governed by a town meeting form of government, as many still are today. Towns originally were the only form of incorporated municipality in New England. The city form of government was not introduced until much later. Boston , for instance,
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