Yes, Detroit once had its own stock exchange. The Detroit Stock Exchange was organized in 1907, first opening in the Dime Building. At the time, factories were popping up all over Detroit, and they needed big, costly machines to fill them. Many of these companies weren't flush with cash, so selling stock in their companies on the local exchange to investors enabled them to raise capital to buy machines, which in turn helped turn Detroit into an industrial boom town — and the stock exchange into a thriving operation. #GearCity #EdwardJEmerson #EmersonMotors #Pension #Factory #Shareholder #Wages #Negotiations #Management #Morale #Engineering #Budgeting #Stocks #Bonds #CarDesign #Kellyroycekey #Detroit #Michigan #outsourcing #EmersonBKS #EmersonBKC #EmersonBKL #ProxyRule #Stockholders #AnnualReport #Automanufacturing