Wall Street

Wall Street is a narrow street located between the East River and Broadway in lower Manhattan, and is known to be the first home of New York Stock Exchange. A number of other headquarters of various brokerages and banks also used to be lined up in this street. Although many of these financiers have moved to other places in New York, Wall Street still remains synonymous with the United States financial hub.

During the 17th century, the northern boundary of the “New Amsterdam” settlement in New York was around the area where Wall Street is situated today. The financial district grew around this zone, and essentially all the banks and brokerages found a home here. Around the late 19th and 20th century, Wall Street started being referred to as the “House of Morgan” among common people with a reference to JP Morgan, the largest financier in the United States.


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