Stock exchange

From Simple English Wikipedia, the free encyclopedia

A stock exchange, share market or bourse is a place where people meet to buy and sell shares of company stock. Some stock exchanges are real places (like the New York Stock Exchange), others are virtual places (like the NASDAQ).

The New York Stock Exchange, one of the biggest stock exchanges in the United States.

International Stock Exchanges[change | change source]

The most important stock exchanges in the world include:

Great depression[change | change source]

On October 29, 1929, the American stock market crashed on what is known as Black Tuesday. A "crash" means that the prices of stock were lowered greatly, and no one wanted to buy it. Instead, they sold the stock for cheap prices. Also, banks were trying to buy stock with people's money (stored inside the bank), so the banks ran out of money too. Because people could not get money back from banks, only a few people could afford the cost of living. This was the start of the Great Depression.

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