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'''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.

'''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==

==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]].

In the Republican 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==

==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.