Wall Street is a road situated in the lower Manhattan segment of New York City and houses the New York Stock Exchange or NYSE.
Wall Street has additionally been the historic headquarters of some of the biggest brokerages and investment banks of the United States of America.
Today, the term Wall Street is utilized as a collective name for the finance and investment network, that include stock exchanges, banks, brokerages, and underwriting firms.
Today, brokerages are located in various locations while providing access to the same information available to Wall Street's tycoons.
Wooden wall Dutch colonies were built in lower Manhattan in 1653 to safeguard themselves from the British and Native Americans. Wall street got its name from here.
The wall was brought down in 1699, yet the name stuck around.
The Wall Street region turned into a focal point of trade in the 1700s, however it didn't get recognized for acting as America's financial center until 1792 when 24 of the United States' first and most prominent brokers consented to the Buttonwood agreement.
The agreement sketched the basic commission-based type of trading stocks.
Some of the initial stocks exchanged were war bonds, and banking stocks like First Bank of the United States, Bank of New York, and Bank of North America etc.