Wall Street - What is, definition and concept |Economipedia

Wall Street is a famous New York Street, located in the Manhattan neighborhood.Its fame is due to the fact that the most famous financial district in the United States, and the world is considered.In it is the New York Stock Exchange (NYSE).

Wall Street is one of the most famous street in the world.This street houses very emblematic buildings for New York City, such as the New York Stock Exchange (NYSE).This street is located in the Manhattan neighborhood, in what is called Downtown.Since the street houses the Stock Exchange, the term also refers to US financial markets.That is, although it does not refer to the street, when we refer to US financial markets, the Wall Street concept is usually used.For example, "Wall Street closed with 2%falls".

This street is located in the city's financial district, very close to the place where the 11-S attack (9/11) occurred.

Wall Street is not the only stock exchange found in New York.Nasdaq, for example, is also located in the city, on Times Square street.

Another peculiarity is the fact of Wall Street bull.Well, despite popular belief, this bull is not found on Wall Street.The bull is in Bowling Green, on Broadway Street.

Wall Street story

Wall Street owes its name to the limit of what in the seventeenth century was new Amsterdam (today known as New York).This limit was fixed with a wooden wall, in 1652, which tried to neutralize the attack of the Indians, as well as that of English and settlers.A wall that, despite disappearing in 1699, is still present in the name of the street.

The bag in Wall Street was born in the 18th century, in 1792, when financial intermediaries met in a tree located on that street to trade informally.In this way, more and more people began to congregate in that area, so the stock exchange.

Also, in 1914, Morgan built the bank's offices on that street.Just in front of the New York Stock Exchange.Here, Morgan established the headquarters of his bank, establishing the building located on Wall Street as the Bank's central offices.

In 1918, after the First World War, the New York Stock Exchange became the main stock exchange of the world.A position that, until then, held the London Stock Exchange.

Wall Street in the 21st century

Over the years, the street has become increasingly famous.The appearance of this street in hundreds of films and feature films has caused the claim of increasing tourists who want to visit the stock market.From the 11-S attack, the New York Stock Exchange is closed to the public, so you cannot enter the parquet where the actions are negotiated and the runners are.

Safeguarding the New York Stock Exchange, Wall Street is a quiet street, where only tourists and the stock market are found.The Morgan building is already uninhabited, and it remains as a historic building for the visits of tourists and citizens that are concentrated at the door to read the poster that tells the history of the building that one day was, as they called it, “the camera ofMorgan ".