Word: jerrybuilt
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Dates: during 1940-1949
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Coffee House Compact. The New York Exchange was built on speculation; in early days it often seemed jerrybuilt. Wall Street (socalled because of the log wall that peg-legged Peter Stuyvesant had built) was a natural site for trading: near the docks at its foot, there had long been a slave market. There, in 1790, when the first U.S. Congress voted "public stock" to redeem the Continental scrip which had financed the Revolution, a lively trade in the U.S. "stock" sprang...