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Wall Street

The street America's money calls home — born from a wall, christened by a bull.

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Quick answer

Wall Street is the eight-block street in Lower Manhattan where American finance was born: a Dutch defensive wall in 1653, the Buttonwood Agreement of 1792 that began the New York Stock Exchange, Federal Hall where George Washington was inaugurated in 1789, and the Charging Bull that has guarded Bowling Green since 1989.

1In 1653, Dutch director Peter Stuyvesant ordered a defensive wall of dirt and wooden planks — about 2,340 feet long and 9 feet tall — across the northern edge of New Amsterdam; the
2In 1792 traders signed the Buttonwood Agreement under a tree at the foot of Wall Street, the origin of the New York Stock Exchange
3Wall Street runs eight blocks and just 1,984 feet (605 meters) between Broadway and the East River

Full transcript

1

A wall that made a street

In 1653 the Dutch director Peter Stuyvesant ordered a wall of dirt and wooden planks across the northern edge of New Amsterdam — 2,340 feet long and 9 feet tall, meant to keep out invaders. It was torn down in 1699, but the name stuck. In 1792 a group of traders signed the Buttonwood Agreement under a tree at the foot of the street, founding what became the New York Stock Exchange. The street itself runs 8 blocks and just 1,984 feet from Broadway to the East River. Start at the corner of Broadway and follow it east, past the doorways that hold more money than any other street on earth.

2

The birthplace of the republic

At the corner of Wall and Broad, Federal Hall hosted the first United States Congress and, on April 30, 1789, George Washington's first inauguration — the same rooms where the Bill of Rights was passed. The Greek Revival building standing there today was completed in 1842. Across the street, the New York Stock Exchange's colonnaded home went up in 1903, designed by George B. Post. And on September 16, 1920, a bomb exploded outside the J. P. Morgan bank, killing 38 people; the case was never solved. Pause on the steps of Federal Hall and picture the oath taken there in 1789.

3

Meet the bull

The Charging Bull is not a city commission. Sculptor Arturo Di Modica cast the bronze after the 1987 market crash, and in December 1989 he trucked it downtown and dropped it outside the exchange without a permit. The police impounded it; the public objected; the city reinstalled it at Bowling Green, where the 7,100-pound bull, 11 feet tall, has stood ever since. Touch its nose, then walk up Broadway to Trinity Church and the grave of Alexander Hamilton, the man who built the financial system the bull has come to stand for.

The checkable facts

  • In 1653, Dutch director Peter Stuyvesant ordered a defensive wall of dirt and wooden planks — about 2,340 feet long and 9 feet tall — across the northern edge of New Amsterdam; the wall was torn down in 1699 but the name stuck
  • In 1792 traders signed the Buttonwood Agreement under a tree at the foot of Wall Street, the origin of the New York Stock Exchange
  • Wall Street runs eight blocks and just 1,984 feet (605 meters) between Broadway and the East River
  • Federal Hall hosted the first United States Congress, and George Washington took his first presidential oath there on April 30, 1789; the Bill of Rights was passed in the same building
  • The Greek Revival Federal Hall building standing today was completed in 1842 as the New York Custom House and is now a National Park Service memorial
  • The New York Stock Exchange's colonnaded home at 11 Wall Street was built in 1903 and designed by George B. Post
  • On September 16, 1920, a bomb exploded outside the J. P. Morgan bank on Wall Street, killing 38 people and seriously injuring 143; the case was never solved
  • Sculptor Arturo Di Modica created the Charging Bull after the 1987 stock market crash and dropped it outside the stock exchange in December 1989 without a permit; the city reinstalled it at Bowling Green later that month
  • The Charging Bull is a 7,100-pound bronze, 11 feet tall and 16 feet long, standing on Broadway just north of Bowling Green
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Frequently asked

Why is it called Wall Street?
In 1653 the Dutch director Peter Stuyvesant ordered a defensive wall of dirt and wooden planks across the northern edge of New Amsterdam, to guard the settlement against invasion. The wall came down in 1699, but the street kept the name. It is the only major Manhattan street named for something that no longer exists.
What is the Charging Bull? A monument?
Not officially. The sculptor Arturo Di Modica made the 7,100-pound bronze on his own after the 1987 market crash and dropped it outside the stock exchange without a permit in December 1989. The city impounded it, then reinstalled it at Bowling Green after the public protested.
Can you go inside Federal Hall?
Yes. The Greek Revival building at the corner of Wall and Broad Streets is run by the National Park Service as a free memorial. It stands where the first United States Congress met and where George Washington took the oath of office on April 30, 1789.
Can you visit the New York Stock Exchange?
The trading floor is not open to casual visitors, but the facade at 11 Wall Street is worth a walk-by: six Corinthian columns over the marble pediment, built in 1903 and designed by George B. Post. Across Broad Street you can see the former J. P. Morgan headquarters at number 23.
What is the best short walk?
Start at the Charging Bull in Bowling Green, walk north up Wall Street past Federal Hall and the stock exchange, and finish at Trinity Church, where Alexander Hamilton is buried. The whole loop is a short stroll and covers the full story.

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