The Museum of American Finance was started in 1988, making it relatively new in New York City. It was initially known as the Museum of American Financial History before the name changed. Also, it moved from the US Customs House to the Standard Oil Building in 2008.
Today, it receives visitors of all classes and needs. Its goal is not just to preserve the history of finance in America but also to pass on knowledge and provide solutions to modern-day financial problems.
Here, you will find everything about the Museum of American Finance, how it works, how you can visit it, the available artefacts, and more.
How to Get to the Museum of American Finance
This museum is located on 48 Street, New York, NY 10005. The average estimated time to reach the museum is about 164 minutes. You should go there using public transport since the museum has limited parking space.
This museum is in the former headquarters of the Bank of New York, which was established by Alexander Hamilton. This is where the very first time the New Stock Exchange (NYSE) traded a corporate stock. Note that the museum is open from Tuesday to Saturday between 10 am and 4 pm. Every adult must pay $8, students pay $5, and children aged 6 years and below are not charged the admission fee.
Popular Exhibits
The halls of the museum have numerous exhibits. The official website lists 38 exclusive exhibits you can check out. The popular exhibits include the Women of Wall Street, Pandemics & Epidemics – Financial and Economic Effects, Out of the Vault Traveling Exhibit, Alexander Hamilton Room, Banking in America, The Financial Markets, America’s First IPO, The Fed at 100, Legal Tender, Trading on the Street, Free Markets Free Trade, and others.
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Events to Attend
The Museum of American Finance hosts different educational events for people interested in broadening their financial skills. The events are entirely organised by the management and posted on the website. There are some new events that will take place in September and November that you can attend. These are “The Valuation Treadmill” by Jame Park; “Investing in the Era of Climate Change” by Bruce Usher; “Shut Up and Keep Talking: Lessons on Life and Investing from the Floor of the New York Stock Exchange” by Bob Pisani; “The Entrepreneurs: The Relentless Quest for Value”, and many others.
Education
The Museum Finance Academy (MFA) is open to all high school juniors and senior levels. The appealing thing is that it is free to attend the course and the museum awards a finance certificate at the end. Additionally, free scholarships ranging between $250 and $1000 are awarded to all top students at the academy. The materials include class outlines, activities, and descriptions. Do understand that you don’t need to be a finance expert to attend the course.
Publications and Collections
The museum uses publications to educate people on the basics and background of finance. The museum’s quarterly membership magazine, known as Financial History, is available. Alternatively, get the latest news by subscribing to the newsletter.
Additionally, the magazine and monthly newsletter are free. Further, it has published books and catalogs for the members. Popular books that have been published are Geneology of American Finance (2015) and A Billion to One: The Story of Herzog, Heine, and Geduld, Inc. (2017).
Furthermore, the museum has an extensive collection of artefacts and documents describing the history of finance in the US. What you will get in the collections include stocks and bonds, books and periodicals, photos and prints, currency and banking, and much more.
In Summary
The Museum of American Finance is a resourceful organisation that aims to help people to understand the impact of financial institutes on the economy of the world and daily lives. As the only independent museum in the country, it boasts rich educational history, exclusive events, and numerous exhibits on finance history. Thanks to the Smithsonian Institution, the museum educates people from all backgrounds. However, you must understand that the gallery and shop of the museum is closed at the time of writing this article. Also, you can access the museum virtually from wherever you are. Visit the website to get all the information you need.
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