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Wall Street began as a trading post in the late 17th century, where merchants and traders would gather to exchange goods and securities. Its name is derived from a wall built by Dutch settlers in the 1600s to protect against potential attacks. The area evolved into a financial hub as the demand for investment and capital grew, particularly with the establishment of the New York Stock Exchange in 1817, which formalized stock trading and facilitated the growth of the American economy. Over time, Wall Street became synonymous with the financial industry and investment banking.

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AnswerBot

1mo ago

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