Search results
Wall Street. Route map: Street sign. Wall Street is a street in the Financial District of Lower Manhattan in New York City. Eight city blocks long, it runs between Broadway in the west and South Street and the East River in the east.
Today, Wall Street hosts the New York Stock Exchange, the world’s largest by market capitalization, and the Federal Reserve Bank of New York. It’s surrounded by major financial institutions, including commodity exchanges and numerous banks and brokerage firms, cementing its status as a global financial hub.
Mar 14, 2024 · Wall Street, street, in the southern section of the borough of Manhattan in New York City, which has been the location of some of the chief financial institutions of the United States. The street is narrow and short and extends only about seven blocks from Broadway to the East River. It was named.
- 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. However, the globalization and digitization of finance and investing have led to the rise of many U.S. broker-dealers, registered investment advisors, and investme...
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.
3,112 reviews. #153 of 2,152 things to do in New York City. NeighborhoodsPoints of Interest & Landmarks. Write a review. About. The financial heartbeat of the United States, Wall Street is home to the New York Stock Exchange, where visitors can witness the frenetic and wild pace of stock trading.
- (3.1K)
- Attraction
- Wall Street, New York City, 10005, New York
People also ask
Where is Wall Street in New York City?
What is Wall Street known for?
What to do on Wall Street in New York?
What does Wall Street represent?
Feb 24, 2021 · 1. The New York Stock Exchange. The New York Stock Exchange is one of New York’s most influential buildings. Sitting right at the corner of Broad and Wall Street, this historical site is even more impressive when you see it in person. When you think of classic things to do on Wall Street, this place is one of the first to come to mind.
Jan 3, 2019 · New York Stock Exchange building on Broad Street, New York, NY, opened in 1903. Designed by architect George B. Post, it features grand Corinthian pillars, statues by John Quincy Adams Ward, a ...
