The Nifty 50 was a list of stocks during the 60s and 70s which had solid earnings growth and high price to earnings ratio. Many large institutions recommended these stocks to their clients as life long buy and holds. The fifty stocks where all large caps on the
So, who started the NYSE? As a result of the Revolutionary War, all ties to London Financial Institutions were severed. Treasury Secretary Alexander Hamilton recognized that the formation of an Exchange was the bloodline for ensuring the success of the new Continental United States.