Stock Market Glossary letter W
Wall Street – Often used as a synonym for the financial markets and especially the stock market, Wall Street runs from Broadway to the East River in New York’s Lower Manhattan neighborhood. It is where you can find the New York Stock Exchange and is the nucleus of New York’s financial district. Wall Street itself was laid out along what had been the northern wall of the stockade defending New Amsterdam in the 17th century, when the city was a Dutch colony. The wall was dismantled in 1699 by the city’s new English rulers.
War Bonds – War bonds are issued by governments in times of war in order to raise money to finance said war. Examples are the popular series of war bonds issued by the US government during World War II. The very first securities traded on a US stock exchange were bonds issued in 1790 to pay down debts incurred by the newly formed government during the Revolutionary War.