Wall Street is the name of a street extending from Broadway to the East River in southern Manhattan, new york. It is only a third of a mile long and only 1 1 meter wide. It is a transliteration of the English word "Wall Street". This street is narrow and short, only seven blocks from Broadway to Donghe, but it is famous as "the financial center of America". Managers of banks, insurance, shipping, railways and other companies set up by Morgan chaebol, Rockefeller Oil King and DuPont Consortium are all concentrated here. The famous new york Stock Exchange is also here. It is still the headquarters of several major exchanges, such as Nasdaq, American Stock Exchange and new york Stock Exchange. The word "Wall Street" has now surpassed the street itself and become synonymous with nearby areas. It can also refer to financial markets and financial institutions that have an impact on the entire American economy.

Historical review:

The childhood of Wall Street is from 1653 to1the end of the 9th century. The early rapid development of new york and the rise of new york's financial industry have a considerable relationship with the Dutch business spirit. Although the early germination of capitalism began in Italy during the Renaissance, the real capitalism was gradually perfected in Holland in the middle of17th century. At that time, the Netherlands formed a very complete financial system, including banks, stock exchanges, credit, insurance, limited liability companies and so on. The development of the financial system gave birth to the rapid development of the Dutch economy, which once made this small European country among the world powers. When the Dutch immigrated to North America, they brought the capitalist business spirit to New Amsterdam.

1664, New Amsterdam was captured by the British, and the city was transferred from the Dutch to the British, and was named new york (new york for short) as a gift to the Duke of York, the younger brother and heir of King charles ii of England at that time.

Current situation development:

At first, new york was a Dutch colony, where Dutch immigrants lived. At that time, it was called New Amsterdam. The year when the New Amsterdam City Council was founded, namely 1653, is generally considered as the beginning of Wall Street's childhood. 1792, in order to resist the invasion of indigenous Indians, Dutch colonists built an earth wall, which extended from the East River to the Hudson River and formed a street along the wall, hence the name Wall Street. After being occupied by the British, the fence was demolished, but the name "Wall Street" remained.

It used to be the seat of American monopoly organizations and financial institutions. It has concentrated the headquarters of new york Stock Exchange, American Stock Exchange, investment banks, government and municipal securities firms, trust companies, Federal Reserve Bank, public utilities and insurance companies, and the comprehensive management offices of large companies such as banks, insurance, railways, shipping, mining and manufacturing opened by American consortia such as Rockefeller and Morgan. To become a financial and securities trading center in the United States and even the world, generally centered on Wall Street. Monopoly capital has dominated American politics and economy since then. Wall Street has become a symbol of the high concentration of monopoly capital, finance and investment in the United States. In its northeast corner stands the branch of the ancient Ministry of Finance (now the exhibition hall), which was built in the place where Washington delivered his inaugural speech.

Many financial institutions have left Wall Street in the geographical sense and moved to midtown Manhattan with convenient transportation and broad vision. Wall Street is full of old buildings and historical and cultural blocks, and the roads are as difficult to identify as cobwebs, which really does not meet the needs of financial institutions to expand their business. The "9 1 1" incident fundamentally changed the pattern around Wall Street, and some institutions simply left the dangerous city of new york and moved to quiet and safe New Jersey. Apart from the Federal Reserve Bank, no bank or fund is headquartered on Wall Street. Although geographically, Wall Street is small, in a real sense, Wall Street is synonymous with the American capital market and even the financial services industry.

2001September 1 1 day, the World Trade Center in new york Financial District near Wall Street was attacked by terrorists, and the new york Stock Exchange stopped trading. At this moment, the American economy and even the world economy are almost stagnant, which shows the influence of Wall Street as a financial empire.

The total length of Wall Street is only over 500 meters (1 mile = 1 609.344 meters).

Refer to Baidu Encyclopedia:/Subview/36453/4923481.htm.