New York Stock Exchange / 纽约证券交易所

The New York Stock Exchange appears in 170.《1929》的泡沫之夏：三个代表人物，和他们在当下周期的影子 through Richard Whitney / 理查德·惠特尼. The episode emphasizes that before the SEC existed, the exchange itself carried much of the market’s practical self-regulatory and credibility function.

That institutional role makes Whitney’s story larger than personal fraud. The source treats the exchange as the public face of market order during the 1929 panic, then uses the later exposure of Whitney’s wrongdoing to show how Bubble Role Analogy / 泡沫角色类比 depends on the difference between stabilizing theater during the crash and forensic knowledge after the cycle has broken.

Connections

• Richard Whitney / 理查德·惠特尼 — exchange leader and source role portrait.
• SEC — later federal regulator absent during the 1929 moment.
• Leverage-Driven Bull Market and Speculative Bubble Psychology — market conditions the episode connects to exchange credibility.
• Bubble Role Analogy / 泡沫角色类比 — historical-to-current role-mapping framework.