TRIVIA BITS …
WALL STREET
Wall Street may be recognized as the financial capital of the world, but it is also a street in the southern section of Manhattan, New York.
Though rich in history, Wall Street is not a very long street, extending for only about seven blocks.
The Dutch built an earthen wall in 1653 to protect themselves against attack and danger. Businesses began to develop along a path next to the wall and the path was named Wall Street.
In 1699, the English dismantled the wall but the path remained.
In the late 1700s, Wall Street was becoming the center of commerce in New York. Traders and speculators began to trade informally under a buttonwood tree that was located at an end of Wall Street. In an attempt to gain control of the financial markets and increase their stability, a group of 24 prominent businessmen gathered on Wall Street in 1792 to set up an exchange for trading securities. Originally called "The Stock Exchange Office," the name was changed to the "New York Stock Exchange" in 1817.
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