Word: buttonwood
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Dates: during 1920-1929
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...just after the new United States of America had fairly started on its history, stockbrokers met under a buttonwood tree at No. 68 Wall St. When the weather was good they swapped securities and stories and breathed the fresh air from New York Harbor. When it was bad they met in nearby coffee taverns. By 1817 public participation in corporate enterprises had grown to the point where the brokers found it expedient to rent the front room on the second floor of the house of one George F. Vaupell at No. 40 Wall St. It cost $200 but this included...
...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...