It was State Street Global Advisors that launched the first exchange-traded fund (ETF) in 1993 with the introduction of the SPDR. Since then, ETFs have continued to grow in popularity and gather assets at a rapid pace. The easiest way to understand ETFs is to think of them as mutual funds that trade like stocks. This trading characteristic is one of the many features that have made ETFs so attractive, particularly to professional investors and individual active traders. (For a background on what ETFs are and how they work, check out Introduction to Exchange-Traded Funds.) The Benefits of Trading Like a Stock.
A vending machine is a machine that dispenses items such as snacks, beverages, alcohol, cigarettes, lottery tickets to customers automatically, after the customer inserts currency or credit into the machine. The first modern vending machines were developed in England in the early 20th century and dispensed postcards.weden's Distec company invented the bokomaten machine to vend library books at remote locations and during off hours. The first library vending machine in the United States is located Norman, Oklahoma and is part of the Pioneer Library System.
Sept. 2, 1969: First U.S. ATM Starts Doling Out Dollars. 1969: Six weeks after landing men on the moon, Americans take another giant leap for mankind with the nationâs first cash-spewing, automated teller machine. The machine, called the Docuteller, was installed in a wall of the Chemical Bank in Rockville Centre, New York.