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Wall Street is a street in the Financial District of Lower Manhattan in New York City. It runs eight city blocks between Broadway in the west and South Street and the East River in the east. The term "Wall Street" has become a metonym for the financial markets of the United States as a whole, the American financial services industry, New York ...
Wall Street is the home of the New York Stock Exchange. The NYSE is the globe's greatest capital market. It's easy to spot the NYSE, it's a neo-classical building. Wall Street is rather small and narrow, it's impossible for all the people who claim to work on Wall St to actually work there, it's more of an idea.
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- Attraction
- Wall Street, New York City, 10005, New York
- What Is Wall Street?
- Understanding Wall Street
- History of Wall Street
- Wall Street vs. Main Street
- Key Events on Wall Street
- The Regulation of Wall Street
- The Bottom Line
Wall Street is literally a street located in New York City at the southern end of Manhattan. Figuratively, Wall Street is much more. It's synonymous with the financial industry and the firms within it. This connotation has its roots in the fact that so many brokerages and investment banks historically have established their headquarters in and arou...
Wall Street and its surrounding southern Manhattan neighborhood—known to locals as the Financial District—remain an important location where a number of financial institutions are based. The financial district is iconic with the bronze Arturo Di Modica statue of the Charging Bull. However, the globalization and digitization of finance and investing...
Wall Street got its namefrom the wooden wall Dutch colonists built in lower Manhattan in 1653 to defend themselves from the British and Native Americans. The wall was taken down in 1699, but the name stuck. Given its proximity to New York's ports, the Wall Street area became a bustling center of trade in the 1700s. Its origins as a financial center...
Wall Street is often compared and contrasted to Main Street. The term "Main Street" is used as a metaphor for individual investors, small businesses, employees, and the overall economy. It's derived from the common name for the principal street of a town where most of the local businesses are located. There is often a perceived conflict between the...
Events that happened on or around Wall Street often have impacted not just the investment industry, but the global economy and society. Here are some significant moments in Wall Street history.
After the 1929 Crash
Regulatory measures were put into place to address the lack of government oversight that was considered to have led to the crisis that began in 1929. Among other things, the Securities Act of 1933 required financial institutions to provide investors with all significant information about securities being offered for sale. It also prohibited fraud in securities sales. The Securities Exchange Act of 1934 established the Securities and Exchange Commission (SEC)and gave it significant power over...
After the 2007-2008 Financial Crisis
In 2010, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). It created new government agencies with financial system oversight. The idea behind the act was to address the risky behaviors of financial institutions and the dearth of regulatory oversight that led to the crisis. One area of grave concern was the predatory mortgage lending that had occurred. Another focus was the stability of financial institutions. The act made it possible to liquidate or...
During the Trump Administration
The Economic Growth, Regulatory Relief, and Consumer Protection Act signed in 2018 by President Trump addressed criticisms of Dodd-Frank and rolled back some of its provisions. Among other things, it exempted banks with assets of less than $10 billion from the Volker Rule requirements, gave consumers the ability to freeze their credit files at no cost, and eased capital requirements for banks that didn't offer lending or traditional banking services.
Wall Street is both an actual street and a symbol. It's home to a variety of financial and investment firms, along with institutions like the NYSE and the Federal Reserve Bank of New York. Globally, it's come to connote the U.S. financial and investment communities and industries, plus its interests, attitudes, and behavior.
Jan 3, 2019 · • December 13, 1711: Wall Street was made the site of the government-sanctioned slave market in New York City. In operation until 1762 at the site of one of the original Wall gates on Pearl ...
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Wall Street. Located in Lower Manhattan, Wall Street is one of the best-known thoroughfares of New York. Discover its top landmarks. Wall Street is the main street of the Financial District of New York City. It includes famous buildings such as the New York Stock Exchange, built in the early twentieth century, even though it has a very modern ...
Federal Hall is a memorial and historic site at 26 Wall Street in the Financial District of Manhattan in New York City.The current Greek Revival–style building, completed in 1842 as the Custom House, is owned by the United States federal government and operated by the National Park Service as a national memorial called the Federal Hall National Memorial.
Sep 30, 2022 · Key Takeaways. The physical location of Wall Street is in lower Manhattan, where the New York Stock Exchange is housed. The street's name refers to a long-gone wall that was erected in the 17th ...
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