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compare Main Street, add politics, book
[[Image:panic29.gif|right|thumb|Wall Street during the stock market crash of 1929]]
[[Image:panic29.gif|right|thumb|Wall Street during the stock market crash of 1929]]
'''Wall Street''' is a famous road across southern [[Manhattan]] where the [[New York Stock Exchange]] is located. The term "Wall Street" figuratively refers to banks and investment companies, even though they are not located on that particular street.
'''Wall Street''' is a famous road across southern [[Manhattan]] where the [[New York Stock Exchange]] is located. The term "Wall Street" figuratively refers to very large banks, corporations and investment companies with a nationwide scope, even though they are not located on that particular street. It stands in contrast to [[Main Street]], which refers to locally owned small businesses in smaller cities and towns.
==Politics==
In the Republicans party 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 for Wall Street in the [[Financial Crisis of 2008]].
Historically, Populists, agrarians and liberals have been hostile to Wall Street, as typified by [[Thomas Jefferson]]. [[Andrew Jackson]] and [[William Jennings Bryan]]. Under President [[Bill Clinton]], however, leading Wall Street financiers played a major role in shaping his economic policies, especially Robert Rubin, his Treasury Secretary.
==History==
In the 1600s Dutch settlers built a wall in [[Manhattan]] to guard against Indians and pirates. A nearby path became a commercial center because the path joined the East River on one side with the Hudson River on the other. Soon merchants built shops and warehouses along the path, and then a city hall and church were constructed. [[New York]] City became national capitol from 1785 until 1790. Federal Hall, where [[George Washington]] was inaugurated, was located on Wall Street.
In the 1600s Dutch settlers built a wall in [[Manhattan]] to guard against Indians and pirates. A nearby path became a commercial center because the path joined the East River on one side with the Hudson River on the other. Soon merchants built shops and warehouses along the path, and then a city hall and church were constructed. [[New York]] City became national capitol from 1785 until 1790. Federal Hall, where [[George Washington]] was inaugurated, was located on Wall Street.
== See also ==
== See also ==
*[[Main Street]]
*[[Populism]]
*[[Stock market]]
*[[Stock market]]
== External links ==
== External links ==
*[http://www.nyse.com/about/listed/listed.html?sa_campaign=/internal_ads/productsignature/nyse The New York Stock Exchange]
*[http://www.nyse.com/about/listed/listed.html?sa_campaign=/internal_ads/productsignature/nyse The New York Stock Exchange]
==Further reading==
* Stecve Fraser, ''Wall Street: America's Dream Palace'' (2008) [http://www.amazon.com/Wall-Street-Americas-Palace-America/dp/0300117558/ref=pd_bbs_4?ie=UTF8&s=books&qid=1222528504&sr=8-4 excerpt and text search]