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[[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 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]] which is the physical and figurative heart of the New York City financial district.  The term "Wall Street" can also refer figuratively to the collective set of commercial banks, brokerages, insurance and investment companies with a nationwide scope, even though they are not located on that particular street.  It stands in contrast to the figurative concept of [[Main Street]], which refers to locally owned small businesses in smaller cities and towns.

 

==Politics==

==Politics==

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]].

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]].