Wall Street is one of the most iconic locations in the world. Here is the history of this street and why having this address is so important to you.
Did you know that Wall Street was named after an actual wall? In 1644, a wooden wall was built along the northern border of the Dutch settlement of New Amsterdam to protect it from both Native Americans and British colonists. The wall stretched from the Hudson River to the East River. Although it protected the colony’s northern border, British sailed in from the south in 1664. Then, the colony was seized and renamed New York. The British demolished the wall a few decades later in 1699 and created a paved lane.
Wall Street’s “Shady” Dealings
Bankers, auctioneers, and merchants began using this area to conduct their business affairs. In the late 1700s, traders and speculators would meet in the shade under a buttonwood tree at the end of Wall Street to trade securities. They wanted to create a more structured trading process where members would be charged set commissions. They formalized their association in 1792 with the Buttonwood Agreement, which was the first incarnation of the New York Stock Exchange.
Wall Street Today
Today, Wall Street has grown to become the center of financial activity for the country. With such a rich history, and its association with the prosperity and growth of our country, it is no wonder that this address is one of the most prestigious and highly desired addresses for people in the financial sector. A Wall Street address carries a level of respect and esteem just by simply being associated with the iconic street.
Rockefeller Group Business Centers has furnished office spaces on Wall Street, as well as Fifth Avenue and Rockefeller Plaza. Contact one of our representatives or visit RGBC.com to get the best address.
Topics: Financial Planning