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 Profesor Dr. Vahit Bıçak visited the Wall Street, the Financial District of New York which is the first permanent home of the New York Stock Exchange; over time Wall Street became the name of the surrounding geographic neighborhood. Several major U.S. stock and other exchanges remain headquartered on Wall Street and in the Financial District, including the NYSE, NASDAQ, AMEX, NYMEX, and NYBOT.
(09 November 2009) Profesor Dr. Vahit Bıçak visited the Wall Street, the Financial District of New York which is the first permanent home of the New York Stock Exchange; over time Wall Street became the name of the surrounding geographic neighborhood. Several major U.S. stock and other exchanges remain headquartered on Wall Street and in the Financial District, including the NYSE, NASDAQ, AMEX, NYMEX, and NYBOT.
The name of the street derives from the fact that during the 17th century, Wall Street formed the northern boundary of the New Amsterdam settlement. In the 1640s basic picket and plank fences denoted plots and residences in the colony. Later, on behalf of the Dutch West India Company, Peter Stuyvesant, in part using African slaves, led the Dutch in the construction of a stronger stockade. A strengthened 12-foot (4 m) wall of timber and earth, fortified by palisades, was created by 1653 . The wall was created, and strengthened over time, as a defense against attack from various Native American tribes. In 1685 surveyors laid out Wall Street along the lines of the original stockade. The wall was dismantled by the British colonial government in 1699. In the late 18th century, there was a buttonwood tree at the foot of Wall Street under which traders and speculators would gather to trade informally. In 1792, the traders formalized their association with the Buttonwood Agreement. This was the origin of the New York Stock Exchange.
In 1889, the original stock report, Customers' Afternoon Letter, became the The Wall Street Journal, named in reference to the actual street, it is now an influential international daily business newspaper published in New York City. For many years, it had the widest circulation of any newspaper in the United States, although it is currently second to USA Today. It has been owned by Rupert Murdoch's News Corp. since 2007. |
