Install our Wall Street, one of the most iconic symbols of American finance, has a rich history that spans centuries. But how much do you really know about this famous street? Here are 10 remarkable facts that will surprise and delight you.
1. Wall Street was not always called so
The name 'Wall Street' is derived from the Dutch word 'walle,' meaning 'wall.' In the 17th century, a stone wall was built along the southern edge of Lower Manhattan to protect against pirate attacks.
2. It's not just about stocks
Wall Street is more than just a place where stocks are traded. It's also home to some of the world's most prestigious investment banks, financial institutions, and asset management firms.
3. The New York Stock Exchange (NYSE) is one of the oldest stock exchanges in the world
Established in 1792, the NYSE is still the largest stock exchange in the world by total market capitalization of its listed companies.
4. Wall Street has been the backdrop for some of America's most iconic financial crises
The Great Depression, the 1929 stock market crash, and the 2008 financial crisis – all have played out on Wall Street.
5. It's a hub for global finance
Wall Street is home to some of the world's largest financial institutions, including Goldman Sachs, Morgan Stanley, and JPMorgan Chase.
6. The famous Charging Bull statue was erected in 1997
Designed by artist Arturo Di Modica, the Charging Bull has become a symbol of Wall Street's resilience and determination.
7. Wall Street is home to some of the world's most expensive real estate
The area around Wall Street is known for its luxurious high-rise buildings, upscale boutiques, and Michelin-starred restaurants.
8. The NYSE has a secret underground tunnel system
Known as the 'Vault,' this network of tunnels allows traders to move between the exchange's facilities without being seen by the public.
9. Wall Street has been featured in countless movies and TV shows
From 'Wall Street' (1987) to 'The Wolf of Wall Street' (2013), this iconic street has been immortalized on screen.
10. It's a popular tourist destination
Each year, millions of visitors flock to Wall Street to take in the sights and sounds of the financial district, including the famous New York Stock Exchange building.