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The financial centre of N.Y. City - Broad St., corner of Wall

The financial centre of N.Y. City - Broad St., corner of Wall

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Copyright 1900 by R. Y. Young.

Public domain photograph of New York, stereoscopic card, free to use, no copyright restrictions image - Picryl description

Wall Street in Lower Manhattan is one of the most famous streets in the world, known for its role in the international financial system. Wall Street is the symbolic and geographic center of American capitalism. Geographically, Wall Street is the center of Manhattan's financial district. It runs east/west for eight blocks from Broadway to South Street. The Street ran along a physical wall built by Dutch settlers when New York was still a Dutch Colony. Then-Governor Peter Stuyvesant ordered a 10-foot wooden wall that protected the lower peninsula from the British and Native Americans. It later became a street bazaar where traders met under a now-famous buttonwood tree. New York Stock Exchange is located on 11 Wall Street. History Of The New York Stock Exchange The NYSE was founded 17 May 1792 when 24 stockbrokers signed the Buttonwood Agreement on Wall Street in New York City. Other businesses: The New York Federal Reserve Bank is at 33 Liberty Street, in close proximity to the Stock Exchange. The NASDAQ OMX is on 1 Liberty Place. Goldman Sachs is at 200 West Street, and JPMorgan Chase is at 200 Park Avenue. The NYMEX is at One North End Avenue in the World Financial Center. Wall Street Journal is at 1211 Avenue of the Americas.

The history of New York City's transportation system. New York City is distinguished from other U.S. cities for its low personal automobile ownership and its significant use of public transportation. New York is the only city in the United States where over half of all households do not own a car (Manhattan's non-ownership is even higher, around 75%; nationally, the rate is 8%). New York City has, by far, the highest rate of public transportation use of any American city. New York City also has the longest mean travel time for commuters (39 minutes) among major U.S. cities. The Second Industrial Revolution fundamentally changed the city – the port infrastructure grew at such a rapid pace after the 1825 completion of the Erie Canal that New York became the most important connection between all of Europe and the interior of the United States. Elevated trains and subterranean transportation ('El trains' and 'subways') were introduced between 1867 and 1904. Private automobiles brought an additional change for the city by around 1930, notably the 1927 Holland Tunnel.

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Date

01/01/1900
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Source

Library of Congress
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No known restrictions on publication.

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