Description: Chicago Board of Trade - ILLINOIS - "World's Largest Grain Exchange" - 1953: The Chicago Board of Trade (CBOT), established on April 3, 1848, is one of the world's oldest futures and options exchanges. On July 12, 2007, the CBOT merged with the Chicago Mercantile Exchange (CME) to form CME Group. CBOT and three other exchanges (CME, NYMEX, and COMEX) now operate as designated contract markets (DCM) of the CME Group. The concerns of U.S. merchants to ensure that there were buyers and sellers for commodities have resulted in forward contracts to sell and buy commodities. Still, credit risk remained a serious problem. The CBOT took shape to provide a centralized location, where buyers and sellers can meet to negotiate and formalize forward contracts. An early 1848 discussion between Thomas Richmond and W. L. Whiting regarding the propriety of creating a board of trade led to the March 13 meeting merchants and businessmen in favor of establishing it and a resulting resolution for such an establishment and a constitution. A committee then developed bylaws that were adopted on the first Monday of April by 82 charter members of the Board of Trade. This Linen Era postcard, published in 1953, is in good condition. Genuine Curteich-Chicago "C.T. Art-Colortone" Chicago. No. 3C-H557.
Price: 9 USD
Location: Brooklyn, New York
End Time: 2025-01-05T21:30:03.000Z
Shipping Cost: 0 USD
Product Images
Item Specifics
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 14 Days
Refund will be given as: Money Back
Unit of Sale: Single Unit
Size: Standard (5.5x3.5 in)
Material: Paper
Year Manufactured: 1953
City: Chicago
Original/Licensed Reprint: Original
Brand/Publisher: Curt Teich
Subject: Chicago Board of Trade
Continent: North America
Type: Printed (Lithograph)
Era: Linen (1930-1945)
Theme: Advertising, Caricature, Futures, Commodities, "World's Largest Grain Exchange", CBOT, Chicago Mercantile Exchange (CME), CME Group
Country: United States
Region: Illinois
Features: Illustration
Time Period Manufactured: 1950-1959
Country/Region of Manufacture: United States
Postage Condition: Unposted
