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→Politics
Today there is sometimes a political tension between the interests of Wall Street and Main Street. For example, Main Street was reluctant to support the $700 billion bailout authorized by Congress in the [[Financial Crisis of 2008]].
Today there is sometimes a political tension between the interests of Wall Street and Main Street. For example, Main Street was reluctant to support the $700 billion bailout authorized by Congress in the [[Financial Crisis of 2008]].
Historically, populists, agrarians, and liberals have been quite hostile to Wall Street, as typified by [[Thomas Jefferson]], [[Andrew Jackson]] and [[William Jennings Bryan]]. However, since the end of World War II, Wall Street has aligned itself with liberalism and [[globalism]]. For example, under President [[Bill Clinton]], leading Wall Street financiers played a major role in shaping economic policies, especially Robert Rubin, his Treasury Secretary.
Historically, populists, agrarians, and liberals have been quite hostile to Wall Street, as typified by [[Thomas Jefferson]], [[Andrew Jackson]] and [[William Jennings Bryan]]. However, since the end of World War II, Wall Street has aligned itself with liberalism and [[globalism]]. For example, under President [[Bill Clinton]], leading Wall Street financiers played a major role in shaping economic policies, especially Robert Rubin, his Treasury Secretary. Wall Street is often seen by [[conservative]]s as representing [[crony capitalism]], rather than a true [[free market]].
==History==
==History==