Wall Street
Wall Street refers to a specific street located in the Financial District of Manhattan, New York City, which is known as the historical heart of the financial services industry in the United States. It is often used metonymically to represent the entire financial sector, including investment banks, brokerages, and Stock exchanges.
Wall Street is home to major Financial Institutions, including the New York Stock Exchange (NYSE) and NASDAQ, as well as the headquarters of numerous investment banks and financial services firms.
Examples:
- The New York Stock Exchange (NYSE) is located on Wall Street and is one of the largest Stock exchanges in the world.
- Goldman Sachs and Morgan Stanley, two of the biggest investment banks, have their headquarters on or near Wall Street.
Cases:
- The 2008 financial crisis was significantly influenced by events on Wall Street, leading to widespread economic repercussions.
- The Occupy Wall Street movement in 2011 protested against economic inequality and the influence of Financial Institutions on government policy.