Philadelphia Stock Exchange Philadelphia Stock Exchange Philadelphia Stock Exchange (PHLX), now known as NASDAQ OMX PHLX, is the oldest stock exchange in the United States. It is now owned by The NASDAQ OMX Group. Founded in 1790, the exchange was originally named the Board of Brokers of Philadelphia, also referred to as the Philadelphia Board of Brokers. In 1875, the Board of Brokers changed its name to the Philadelphia Stock Exchange. The exchange merged with the Baltimore Stock Exchange in 1949 and was named the Philadelphia-Baltimore Stock Exchange. It merged with the Washington Stock Exchange in 1954, becoming known as the Philadelphia-Baltimore-Washington Stock
The Stock Exchange (book) The Stock Exchange (book) The Stock Exchange (in German: Die Börse) is an 1896 book written by Max Weber, a German economist and sociologist. During the 1890s the stock exchange had become the symbol of capitalism in Germany. During 1894–1896 Weber wrote a number of essays about stock exchange, in which he argued against the popular view that the stock exchange was a fraudulent enterprise designed to abuse "the honest working people." Weber in his research on the stock exchange concentrated on two subjects. First, he showed that commercialization could help create or destroy cultural values, sometimes doing both at