He was a Spanish minister in Washington who wrote a private letter to a friend concerning President McKinley (called him basically useless and indecisive) The discovery of his letter strained Spanish-American relations, which helped initiate the Spanish-American War.
Nasdaq was created by the National Association of Securities Dealers (NASD) to enable investors to trade securities on a computerized, speedy and transparent system, and commenced operations on February 8, 1971.he term âNasdaqâ is also used to refer to the Nasdaq Composite, an index of more than 3,000 stocks listed on the Nasdaq exchange that includes the worldâs foremost technology and biotech giants such as Apple, Google, Microsoft, Oracle, Amazon, Intel and Amgen. Next Up.
In 1971, however, an upstart emerged to challenge the NYSE hegemony. The New Kid on the Block The Nasdaq was the brainchild of the National Association of Securities Dealers (NASD) - now called the Financial Industry Regulatory Authority (FINRA). From its inception, it has been a different type of stock exchange.