Wall Street becomes a 'historic place'
NEW YORK —- Once it formed the northern edge of the city, with a wall built by African slaves to keep out raiding Indians. Later, it was where the Bill of Rights was adopted, George Washington was sworn in, the New York Stock Exchange was founded under a sycamore tree, J.P. Morgan made his fortune and New York experienced its first terrorist attack.
All that was before the 1929 crash that led to the Great Depression, which probably more than any other event turned Wall Street, originally a lumpy cow path used by Dutch settlers, into a global synonym for capitalism, high finance and deals that change the world for better or worse.
That checkered history, 3½ centuries of it, finally caught up with Wall Street on Monday. Even as stock traders nervously watched the latest market fluctuations, a 36-block area, known as the Wall Street Historic District, was being added to the federal government's National Register of Historic Places.
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All that was before the 1929 crash that led to the Great Depression, which probably more than any other event turned Wall Street, originally a lumpy cow path used by Dutch settlers, into a global synonym for capitalism, high finance and deals that change the world for better or worse.
That checkered history, 3½ centuries of it, finally caught up with Wall Street on Monday. Even as stock traders nervously watched the latest market fluctuations, a 36-block area, known as the Wall Street Historic District, was being added to the federal government's National Register of Historic Places.