Wall Street Crash Course

By IntroBooks Team

Wall Street is a street comprising of eight blocks in the lower
Manhattan region of New York City. It is the original home of
the New York Stock Exchange and is known for being the
headquarters to some of the most powerful U.S. brokerages
and investment banks. The influence this street had on the
world led to the eventual use of Wall Street as a metonym for
the financial market of the US as a whole. The entire American
financial services industry is recognized as Wall Street now even
if the firms may not be physically located on the street.
With the presence of the Wall Street in New York City, the city
has become the most economically powerful city of the world
and is known to be the leading financial center of the world.
The city also houses two of the largest and most renowned
stock exchanges of the world – NASDAQ and the New York
Stock Exchange.
Many tourists visit the street to witness the magnitude of its
power as investment bankers, brokers and traders go about
their business. The street is known to be very busy for most
of the day with many tourists clicking pictures of the place to
take home as memory.

• Language: English
• Publisher: IntroBooks
• Release date: Dec 2, 2019
• ISBN: 9781393957447

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Wall Street

Crash Course

IntroBooks #411

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Preface

Wall Street is a street comprising of eight blocks in the lower Manhattan region of New York City. It is the original home of the New York Stock Exchange and is known for being the headquarters to some of the most powerful U.S. brokerages and investment banks. The influence this street had on the world led to the eventual use of Wall Street as a metonym for the financial market of the US as a whole. The entire American financial services industry is recognized as Wall Street now even if the firms may not be physically located on the street.

With the presence of the Wall Street in New York City, the city has become the most economically powerful city of the world and is known to be the leading financial center of the world. The city also houses two of the largest and most renowned stock exchanges of the world – NASDAQ and the New York Stock Exchange.

Many tourists visit the street to witness the magnitude of its power as investment bankers, brokers and traders go about their business. The street is known to be very busy for most of the day with many tourists clicking pictures of the place to take home as memory.

Introduction

With a wall that was erected in 1653 by Dutch colonist to protect themselves from the British and the Native Americans; Wall Street came into existence. Even after the wall was taken down in 1699, the street retained its name as Wall Street and became the center of trade in the city. In the late 1790s Wall Street firms started issuing publicly traded investment. This was also the time when the New York Stock Exchange was established.

After World War I,