On Monday, November 6, Seniors in Will Farquar's Macroeconomics class visited the Financial District in New York City. The trip featured a visit to the floor of the New York Stock Exchange (NYSE), where a trader explained the mechanics and history of trading. Then Stacey Cunningham, Chief Operating Office of the Exchange, explained the role of women traders like herself and pioneer Muriel Siebert. She also reviewed the history of the Exchange back to its founding, beneath a sycamore tree, in 1792.
The Visitation students also visited the Federal Reserve Bank of New York, where they learned about the history of central banks in the U.S., the story of the founding of the Fed itself, and the current roles played by the Fed in today’s economy. The highlight of the visit came after a swift elevator ride 80 feet down to the vault, where the world’s largest known collection of gold bullion is stored. (Visitors are not allowed to touch or photograph the bullion.)
No trip to New York is complete without some sightseeing. This trip included a visit to Battery Park, views of the Freedom Tower, and even a stop at Dominique Ansel Bakery, home of the world-famous Cronut®. As the girls looked out across the harbor at the end of their visit, the sun came out from behind the clouds, illuminating the Statue of Liberty.