Word: buttonwood
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Dates: during 1923-1923
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...stock market in New York, created after the Revolutionary War to deal primarily in U. S. Government bonds, consisted originally of a dozen or more brokers, who used to gather under an old buttonwood tree then standing in lower Wall Street. In 1817 the more substantial of these brokers organized an association known as " The New York Stock and Exchange Board," and hired a second-story room in Wall Street. In the course of the following century this organization shortened its name to " New York Stock Exchange," expanded its membership to 1,100, built a splendid marble building for itself...