Why Wall Street is called that and other cocktail data on the New York Stock Exchange

Wall Street, the epicenter of financial businesses, originally belonged to the Manhattan Indians, who sold the island to a Dutch merchant for US $ 24.The name ‘Wall Street’ comes from a wall that existed in 1600 at the bottom of the street, which distinguished it from other roads.This wall was built by the Dutch to protect against the attacks of the Lenape Indians, from the New England and the English colonizers.The wall was in that place until 1699, when the British knocked down it.

But how did this street become a commerce center?Given its location, between the East River and the Hudson River, at the bottom of the island, it was very easyMall.

Por qué Wall Street se llama así y otros Datos Cocteleros sobre la Bolsa de Nueva York

But it was since 1792 that the street began to become a financial center.This, because Manhattan residents began to meet in this commercial area, where financial intermediaries and speculators were in informally.What was traded at that time?Bonds, lottery tickets, and companies shares.This was what gave rise to the New York Stock Exchange.The merchants signed the Buttonwood Agreement in 1792, in which 24 entrepreneurs and merchants promised to make transactions only between themselves, not compete with each other and establish fees for the operations they carried out.