Where did Wall Street get its name?
How did New York's Wall Street get its name?
The name of the street derives from the fact that during the17th Century, it formed the northern boundary of the New Amsterdamsettlement where the Dutch had constructed a crude wall of timerand earthwork. The wall was meant as a defense against attack fromLenape Indians, New England colonists, and t…he British, but it wasnever tested in battle. The wall was dismantled by the British in1699. Additionally, the name now represents high finance,investment banking and stock trading. .
The wall was built on orders from Peter Stuyvesant. ( Full Answer )
How do you get a job as a trader on Wall Street?
Answer .
After you graduate from an accredit college, study, obtain to brokerage license then apply with any major company.
When was the Wall Street crash?
Answer .
If you are referring to the crash that began the Great Depression in the USA, then the answer would be October 24th, Black Thursday, 1929.
How did Wall Street get its name?
by hogs that were getting attacked so they put a wall up to protect the hogs. Wall Street got its name from when in the 1600 a man named Peter Stuyvesant, got together with the colonist of the area and decided to build a more substantial fence or wall for the stockade that was there at the time. Th…ey originally had a picket fence type structure that surrounded the stockade. He then proceeded to build a 12 foot wall that ran from Pearl street which was at the shoreline, crossing Broadway and ending at the next shoreline which is now called Trinity Place. This being in the center of town and a spot everyone was familiar with it became a market place of sorts where people could buy and sell goods and slaves. ( Full Answer )
What was the Wall Street Crash?
Answer .
The wall street crash happen when people did't follow there gut feeling. Everyone knew that something was wrong, just like what is happening today . People owe to much money and what happen in 1929 is going to happen in 2007. By october 24, 2007 we will repeating history. Its time to ge…t your money out. Time traveler .
\nTry the Wall Street Crash, the start of the Great Depression in America. ( Full Answer )
What is the name of the reporter of wall street journal who was killed in Iraq?
Answer .
\nDaniel Pearl. His widow wrote a book about him called A Mighty Heart. Brad Pitt and Angelina Jolie have made a movie about his life.
What is London's equivalent of Wall Street?
Well I'd say Canary wharf as it is Londons main financial district..
More Information .
Sometimes confusing to people from other countries, there is a tiny area within London called "The City of London." When speaking of it as a financial centre it is usually just called "The City." It is also som…etimes called "The Square Mile" because that is its approximate size..
Historically, this is where most of the UK's financial institutions were based, and many, including The Bank of England, still are..
In the US you may get a news reporter saying "Wall Street re-acted badly to..." something, in the UK they would say "The City re-acted well to the news that...." something else..
So, London's equivalent of Wall Street is "The City." ( Full Answer )
In 1882 what was the Wall Street Deadline?
This was referenced in Jack Finney's book, "Time and Again." A man was turned away at the "deadline" as not being worthy of continuing on.
What caused the Wall Street Crash?
This is a simple question which cannot be answered in a few lines. Volumes have been produced to try to answer this question. Several factors lead to stock market crashes. Usually there is a speculative bubble, where the price of stocks exceeds their real value greatly. In such times, an irratio…nal demand drives the prices way up. When a critical point is reached, large institutional stock holders will usually dump their stock, as they see that they are getting a really good price for their stock. Such selling drives the prices back down. A wave of selling can occur then, like a flock of birds, everyone begins selling their stock because they see the prices coming down and want to get out before it hits bottom. It often happens that in a short time by this process the stock prices will fall so sharply that they are measurably less than their real value. Another major factor to Stock Market crashes is the money supply. If the money supply contracts, a number of things happen. A contraction, or reduction in the availability of money itself, will cause stock prices to go down. Not because the stock is worth less, but because money is less available and thus worth more. Such a contraction also creates other problems for stock markets. For instance, if an investment bank has a big overnight loan to pay back but finds itself short on cash because it has little cash on hand and no one is willing to make it further loans because of a low money supply, the bank will have to liquidate some of its assets in order to come up with the cash to pay back the loan. This may include the selling of large amounts of stock. If many banks have to do this all at once because there is suddenly a money shortage, all of that selling of stocks puts a great deal of downward pressure on the stock prices. The money supply problem described above best describes what happened a couple years ago in the US and Britain. Many banks failed because they were in a compromised position when they could not pay back money they had borrowed because they could not themselves borrow new money. This 'phenomenon' is created by "fractional reserve banking" whereby the supply of money is completely unregulated and subject to the behaviors of market participants. Those behaviors are governed by self interest and self preservation, not overall good or stability. This is a major flaw in the economic system and it inevitably leads to a boom and bust cycle. An over supply in money always leads to speculation and inflation of stock values until a peak is reached (BOOM), then large institutions begin to sell off and hoard their money, simply because it is natural to sell when the price is high, and natural to hoard the money because there are very few markets which are not overpriced and worth buying into. THis is the BUST part. It gets worse, when suddenly smaller institutions and retail investors find that their stock portfolios are worth much less. When their loans come due (overnight bank loans, mortgages, etc) which were made in the past with their portfolios as collateral, whoever is lending money may not be willing to refinance the loan or mortgage because there is no more collateral. Or maybe the lending companies themselves need the cash to cover their own debts, and are not lending more money regardless of collateral. In other words, stock market crashes and recessions are built in to the system. THis is actually not complicated, and can be understood with a little bit of studying. To better understand this ROOT CAUSE of all stock market crashes, you should go to google videos or some place and search "fractional reserve banking". Watch several videos on the subject and you will begin to pick up on the concept of how that works. This is truly the underlying cause to economic instability. Many people say that the recent crash was caused by the real-estate bubble. But a real estate bubble can only happen in the way that it did when Fractional Reserve banking allows banks collectively to lend out more money than they have. In pouring so much money out into the markets in the form of sub prime mortgage loans, the value of US real estate began to climb because of Increased demand from new home buyers taking advantage of cheap loans, money supply driven inflation, and resulting speculation. The rug was pulled out from underneath all of this when certain institutions reached their lending limits, and money supply driven inflation caused rising prices which impacted the bottom lines of households and businesses alike, affecting their ability to pay loans back. As the markets began to turn, institutional lenders began to try to shelter themselves from the inevitable bust by not refinancing or lending their money, and people had to sell their homes to pay back loans. With a glut of selling occurring, prices fell, and a lot of people lost a lot when they could not sell their homes for as much as they bought it for, and could not even pay the mortgage back fully from the sale of the home. This affected consumer spending in a major way, which had a broad effect on the economy. So you can see that the "real estate bubble" is just one step in the whole process which begins with fractional reserve banking. One should ask, "how is it even possible that a bank can make 'subprime' lending?" This is a good question, because it seems on the surface to be ridiculous. Why would a bank lend money at a lower cost than which they can borrow it? The answer is that through fractional reserve banking, a bank can in effect lend out more money than they actually have! Crazy? I think so. If you did that as an individual (loaned non existent money) that would be fraud somehow I think. But a bank has a "charter" which allows it to do just that! ( Full Answer )
Wall street crash of 1929?
The Wall Street Crash Was the miss use of the stock market that's caused the world to suffer as the worlds biggest finacal country crumbled.
What were the consequences of the wall street crash?
The Wall Street Crash crashed in October 1929, the world's economy plunged into the Great Depression, and the causes of the Depression were: Ø Too many goods were being produced, but less people to buy them Ø Farmers produced to many goods, so prices went steadily lower of the goods Ø Th…ere were too many small banks - these banks did not have enough funds to cope with the sudden rush to take out savings, which happened in the autumn of 1929. Ø Too much speculation on the stock market - the middle class had a lot to lose and they had spent a lot on what amounted to pieces of paper. Ø Also Many more…… The effects of the depression were: .
Unemployment - 13 million people were out of work. .
Industrial production dropped by 45 per cent between 1929 and 1932. .
House-building fell by 80 per cent between 1929 and 1932. .
The entire American banking system reached the brink of collapse. .
From 1929 to 1932, 5,000 banks went out of business. ( Full Answer )
What happened on Wall Street in 1929?
the wall street crash, which was the misuse of the stock market that caused the world to suffer.
Facts about the wall street crash?
1) 12 million people out of work 2) 12,000 people being made unemployed every day 3) 20,000 companies had gone bankrupt 4) 1616 banks had gone bankrupt 5) 1 farmer in 20 evicted 6) 23,000 people committed suicide in one year - the highest ever
When was The Wall Street Journal founded?
The Wall Street Journal was founded on July 8th, 1889 by Edward Jones, Charles Bergstresser, and Charles Dow. It current is estimated to have a circulation of about 2.2 million copies and is primarily focused on economic and business news.
How did the Wall Street crash happen?
The Wall street Crash of 1929 occured because at that time, people were making money through shares and stocks. On October 24, 1929, stockholders started selling their stocks. Otherstockholders started to freak out and hastily put their stocks up for sale too. Well because there were lots of stock…s for sale and not too many buyers, prices got lower and lower until they were hardly worth anything at all. Then on October 29, also known as Black Teusday, almost 14 billion dollars were lost. People found themselves neck-deep in debts and banks closed down because people couln't pay back their loans. So that's how the Wall street crash of 1929 happened and opened up the great depression to America. ( Full Answer )
Why was the wall street crash important?
Because it devastated the economy and it was the key factor towards the beginning of the Great Depression.
What is the reason for the name Wall Street?
Hogs would roam freely, eating what they could find- acorns from the ground or roots, which they dug from the ground with their snouts. On Manhattan Island, New York, the hogs rampaged through grain fields until farmers were forced to build a wall to keep them out. The street running along this wall… became Wall Street! ( Full Answer )
What and where is wall street?
Wall Street is a huge business center in down town New York. Wall Street isn't actually one street but it is made up of multiple blocks. The large companies like Goldman Sachs and many law firms are located on "Wall Street". The Dutch from New Netherlands originally named Wall Street "de Waal Str…aat" The Street is a 0.7 mile long slave market in the 1700's, but expanded to have numerous alternative uses. The area was significant historical figure where around 24 stockbrokers signed an agreement on one of the buttonwood trees located there. This made wall street a center of economics for the United States. ( Full Answer )
Is Wall Street an actual street?
Yes, Wall Street runs northwest from South Street to Broadway on the southeast tip of Manhattan Island, New York City, New York.
How big is Wall Street?
Wall Street is located in the Financial District of Manhattan Island. Manhattan Island is 12.5 miles long, by 2 miles wide, and the Financial District is located at its east end. Wall Street is .45 miles long, running southeast to northwest. Wall Street's boundaries are FDR Drive at its south end, a…nd Broadway at its north end. ( Full Answer )
What is Wall Street and what do they do?
wall street= big bank they worship money (litterally) and they do whatever they want to go get it too they caused millions of people homeless and millions jobless lots of suicides too and thats why the anonymous group of computer hackers started the Ocuppy Wall Street movement to end this evil. fun…ny thing is a guy on Fox News said they were practicing the Arab Spring! and were anarchists omg have they lost their minds FOX News is trying to make the people who fight for liberty feel guilty. ( Full Answer )
What is Wall Street all about?
The Wall Street is home to several major US Stock Exchanges like NYSE, NASDAQ, AMEX, NYMEX etc. Many financial giants also have their head offices in Wall Street. The Wall Street is in lower Manhattan, New York City, New York, United States. It rin lower Manhattan, New York City, New York, Uni…ted States. It runs east from Broadway to South Street on the East River, through the historical center of the Financial District. ( Full Answer )
Bulls are running on Wall Street?
hmmm... well last time I checked I haven't seen any bulls running around so no
How did wall street got its name?
Free-roaming hogs were famous for rampaging through the valuable grain fields of colonial New York City farmers. The Manhattan Island residents chose to block the troublesome hogs with a long, permanent wall on the northern edge of what is now Lower Manhattan. A street came to border this wall -- na…med aptly enough, Wall Street. ( Full Answer )
In which USA city is Wall Street?
There are a lot of cities that have Wall Street as a street name,but the one with the famous financial district is in New York.
What are the prices of Wall Street stocks?
Prices are detemined by the overall value of the company, the number of shares, and the demand by investors. They can be a few cents per share or up to several thousand dollars per share. (Most common stocks never go past a few hundred dollars, as most would be "split" down to a lower range when th…ey reached prohibitive prices.) ( Full Answer )
What happens in Wall Street?
Wall Street is a physical place, which used to be where the NYSEwas located. Wall Street is just a metaphor for financial markets. Hope that helps!
Is Wall Street open on Easter?
No. Easter OS always on a Sunday and Wall Street brokers are not open on Sunday. The Street itself is available for use.
What is Wall Street and main street?
In today's highly charged political world: Wall Street -- Ultra Rich Corporates (primarily Bank execs) who perhaps constitute a major portion of the "1% elite" Main Street -- Main stream people like the Average Joe and Jane who earn modestly and lead a modest life.
Where is the bull statue on Wall Street?
Nearest building: 8 Broadway, New York, NY At north of Bowling Green Park in Manhattan. Lower Broadway in Bowling Green Park, a block northeast of Battery Park, where State St. splits off of Broadway.
What is the ringtone in movie wall street?
The ringtone on Jake's phone is Ennio Morricone's coyote-wail theme from The Good, the Bad and the Ugly.
What does the bull represent in wall street?
bull is symbol of stubborness,welth,energy...... and the bull at wall street is an aggressive and charging bull...which indicates quick,stabilizing prosperity...... simply it is the indication of good wealth.....
How do you advertise in the Wall Street Journal?
Call and speak to someone in their advertising dept. like any other publication. then pay for the ad.
How can you buy shares on Wall Street?
You buy them through either a broker or a broker-dealer. A stock dealer is like a dealer in any other product: it maintains an inventory of the product and sells it to customers. A stockbroker arranges transactions between people who have stock they would like to sell, and people who wish to buy …it. This is the person you actually buy stock from. It is possible to own a brokerage that isn't a registered dealer, or a dealer that isn't a registered brokerage, but that's not how it's done anymore--the two functions are almost always combined into a "broker/dealer" company. ( Full Answer )
Who owns Wall Street?
Wall Street is "owned" by the City of New York, borough ofManhattan, ultimately the people of NYC and the state of NY.
What do Wall Street protesters want?
It's mainly about what they term corporate greed, and more jobs. But, it is a fact if one asks 20 people, you will get 20 different answers. Many believe that far left organizations are spurring the unrest, and financing it, like billionaire George Soros, who has made it very plain he wants to see o…ur current system fail. We are all just Jr. Nazi's looking for direction from the Union Masters. For them to lead the way to National Socialist Workers Party and we can suck on the masters dick ( Full Answer )
Why are people protesting Wall Street?
The wall street moguls have been bleeding the economy dry for over25 years and no one has tried to control them. Less that 1% of thepopulation controls 99% of the money. Wall Street caused the greatrecession of 2008, were bailed out by Bush and company and used thebailout money to give themselves en…ormous bonuses for scamming usagain. Wall street does not generate new jobs, they take the money out ofcirculation that could finance jobs. ( Full Answer )
What is the Occupy Wall Street protest about?
Essentially, it is a protest against the lack of corporate responsibility and burden of corporate power in the United States. The protesters do not approve of the ways modern, large corporations act and affect society. They packaged complex securities with subprime mortgages and backed them up wi…th credit default swops to the tune of 65 trillion dollars. This is the main reason why the financial markets had a near-meltdown in 2008 and the economy has been trying to recover ever since. Also, since that time the top 1% holds close to 70% of the US wealth. Internationally, the issues are a discontent with capitalism; according to the movement, bankers do not produce any products but only misuse the system and manipulate it to create money. In the United States specifically, there are numerous causes, like the lack of universal healthcare, the high unemployment rates and the massive differences between the rich and the poor (hence the name The Other 99%). ( Full Answer )
What is occupy wall street all about?
Its about going against the capitalist system and saying its not fair that major coorperations are doing fine but the normal people are still suffering from the recession. So please tell me what is fair? Which political system is better? Have you ever heard of a poor man working for a poor man? Are …all of you crazy or lazy? which form of government is superior to the United States?Why dont you just move to France or China,and be happy? Our country does not need to be fixed according to your agenda.Maybe a tune up is in order starting with corrupt polititions and ending with the unpatriotic socialiists like owc and others. term limitations line item vetos, mandatory back ground checks and drug testing polititions is my idea of change to start with. The only thing gaureenteed is our Bill Of Rights...You had better protect them instead of destroying them By the way, is it fair that millions have died protecting YOUR freedom? ( Full Answer )
How do you get to Wall Street by subway?
It depends on where you're coming from. Several subway lines stop at or near Wall Street: .
the J-Z (the brown line) to Broad Street (at Wall Street) .
the 2 or 3 (of the 1-2-3 , the red line) to Wall Street (at William Street) .
the 4 or 5 (of the 4-5-6 , the dark green line) …to Wall Street (at Broadway) .
or the N or R (of the N-R-Q-W , the yellow line) to Rector Street (at Greenwich Street, 1 block from Wall Street). ( Full Answer )
What is the Occupy in Wall Street about?
It's a protest movement that is a backlash against the already-richpeople (the 1%) being the only ones that influence government,business, and society. Many people feel as though they don't have asay in their own lives because people who can sponsor canidates arethe ones making calls, and in many ca…ses, rich people do not fairlyrepresent the majority of Americans. People feel as though they arebeing deprived of their democratic right in this way, as well astheir right to make their livlihood in the way that they want to. ( Full Answer )
What are people protesting in wall street?
I've seen tv news and saw people protesting and telling CHASE banks to give their money back.
What caused wall street?
People were shelling their stocks which meant there company was getting more money as some people needed money to pay back loans that they had borrowed but other stock holders started to panic and quickly put there stocks up for sale but people could afford it so they had to lower the prices. Banks …went bankrupt as people didnt pay there loans back so banks had to close and people would lose there jobs. ( Full Answer )
What is the address of Wall Street NY?
Wall Street is a street, not a building, business or residence. It has no address. Rather, the buildings, businesses and residences that are located on Wall Street have addresses (121 Wall Street, 59 Wall Street, etc.).
Why is the wall street bull important?
A Bull market is a market that exhibits strong overall growth and thus, that is symbolic of where we need to be
Why did people occupy Wall Street?
The movement to protest financial and social inequality worldwide was dubbed "Occupy Wall Street (OWS)". The movement began on September 17, 2011, in Zuccotti Park, in New York City's Wall Street financial district. People protested social and economic inequality, greed, corruption, as well as undue… influences from the government on corporations, and undue influence from corporations on the government both of which keep ordinary folks from saving money and becoming more affluent. The protesters were forced out of Zuccotti Park on November 15, 2011, despite that it was a peaceful protest, much like a 1960s "sit in". ( Full Answer )
Is Wall Street the cornerstone of your economy?
Dude, do you actually think anyone cares? You're evil, and mean. No one will answer you!
What are stocks as in Wall Street and economics?
Stocks in Wall Street and economics refer to the owning of a share of a corporation. Stocks are a means of investing in someone or some company that one deems worthy.
What can you find in the Wall Street Journal?
One can find numerous things in the Wall Street Journal (WSJ). For example, one can find business updates and other news along with current financial information.
What did wall street represent?
Wall Street is the street where financial services and institutionsare located. It is called Wall Street because a Wall was builtearly in NY history to hold back the river and provide land.