Wall Street (Manhattan)
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View_of_Wall_Street.jpg
Wall Street is the name of a narrow thoroughfare in lower Manhattan running east from Broadway downhill to the East River. Considered to be the historical heart of the Financial District, it was the first permanent home of the New York Stock Exchange.
The phrase "Wall Street" is also used to refer to financial markets as a whole. Interestingly, most New York financial firms are no longer headquartered on Wall Street (JPMorgan Chase, the last major holdout, sold its headquarters tower at 60 Wall Street to Deutsche Bank in November 2001), but elsewhere in lower and midtown Manhattan.
As a figure of speech contrasted to "Main Street," the term can refer to big business interests as against those of small business. It is sometimes used more specifically to refer to research analysts, shareholders, or investment banks.
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History
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The name of the street derives from the fact that during the 17th century, it formed the northern boundary of the New Amsterdam settlement where the Dutch had constructed a crude wall of timber and earthwork in 1652. The wall was ostensibly meant as a defense against attack from Lenape Indians, New England colonists, and the British, but it was never tested in battle. The wall was dismantled by the British in 1699.
The Wall Street Journal, named in reference to the actual street, is an influential international daily business newspaper published in New York City. For many years, it had the widest circulation of any newspaper in the United States, although it is currently second to USA Today. It is owned by Dow Jones & Company.
In the late 18th century, there was a buttonwood tree at the foot of Wall Street under which traders and speculators would gather to trade informally. This was the origin of the New York Stock Exchange.
Buildings
Wall_street_bull.jpg
Lower Manhattan buildings (below 1st street)
- One Battery Park Plaza (21 State Street (http://skyscraperpage.com/cities/?buildingID=17177))
- 1 Liberty Plaza (165 Broadway, 1 Liberty Plaza (http://skyscraperpage.com/cities/?buildingID=2376))
- One State Street (1 State Street (http://skyscraperpage.com/cities/?buildingID=30103))
- 1 Wall Street (Bank of New York Building) ([1] (http://skyscraperpage.com/cities/?buildingID=343), [2] (http://www.ci.nyc.ny.us/html/lpc/html/designation/summaries/1wall_large.html))
- 14 Wall Street (completed in 1912) (Bankers Trust Company Building on Nassau St., Bankers Trust Company Building (http://www.emporis.com/en/wm/bu/?id=114527), Nassau St. looking north (http://www.skyscraper.org/EXHIBITIONS/DOWNTOWN_NEW_YORK/CONTENT/dny_bus3.htm))
- 20 Exchange Place ([3] (http://www.nyc-architecture.com/LM/LM041-CANADIANIMPERIALBANKOFCOMMERCE.htm))
- 40 Wall Street
- 60 Wall Street
- 80 Pine Street (Office building (http://skyscraperpage.com/cities/?buildingID=17187))
- 95 Wall Street (95 Wall Street at Water Street (http://skyscraperpage.com/cities/?buildingID=30133))
- 100 Wall Street (100 Wall Street (http://skyscraperpage.com/cities/?buildingID=5337))
- 120 Wall Street (120 Wall Street (http://skyscraperpage.com/cities/?buildingID=751&drawingID=9607), 88 Pine Street (http://www.skyscrapercity.com/showthread.php?t=45957))
- 130 Liberty Street (130 Liberty Street (Bankers Trust Building) (http://www.wirednewyork.com/wtc/130liberty/default.htm))
- American International Building (70 Pine St., [4] (http://www.emporis.com/en/wm/bu/?id=114432))
- Chase National Bank Building (18 Pine Street at Nassau Street (http://skyscraperpage.com/cities/?buildingID=17171))
- City Bank Farmers Trust Co. Building
- Gillender Building (1896-1910, replaced by the Bankers Trust Co. Building) ([5] (http://www.nyc-architecture.com/GON/GON013.htm), Wall Street at Nassau Street, NW Corner (http://www.skyscraperpage.com/cities/?buildingID=9837))
- One New York Plaza
- Hanover Bank Building (Nassau St. between Wall St. and Pine St. (http://www.nyc-architecture.com/GON/GON014.htm))
- NYSE Group building (8 Broad Street (http://skyscraperpage.com/cities/?buildingID=11113&drawingID=28463))
See also
- Bay Street (Canada's financial heart)
- City of London or the "Square Mile" (UK's financial heart)
- Sand Hill Road (heart of the private equity industry)
Financials
- Global settlement (2002)
External links
- frontline: the wall street fix | PBS (http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/)
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