Hi scout2,
Thank you for an interesting question.
From the book: Naming New York: Manhattan Places and How They Got
Their Names
by Sanna Feirstein
http://www.amazon.com/exec/obidos/tg/stores/detail/-/books/0814727123/reviews/102-0507996-1387340#08147271237297
"Ever wondered why Wall Street is called that? Because it follows the
line of the palisade wall that the Dutch erected across the northern
perimeter of New Amsterdam in 1653 to protect against attack from the
British."
*****
From Investment Question: Where does the term Wall Street come from?
http://www.investopedia.com/ask/answers/181.asp
"Like many of the famous streets and roads in the world, the origin of
the name Wall Street is of historical significance. Its name is a
direct reference to a wall that was erected by Dutch settlers on the
southern part of Manhattan Island in the 17th century. During this
period of time, a war was occurring between the English and Dutch, and
with the threat that this war would spill over onto the American
colonies found on Manhattan Island, the Dutch located at the
southernmost part of the island decided to erect a defensive wall.
Although this was never used for its intended purpose, years after its
removal it did leave a legacy behind in the name Wall Street.
But the fame behind this area as America's financial center did not
begin until the end of the 18th century when a group of United States'
24 first and most prominent brokers signed an agreement on a common
commission-based form of trading securities. Occurring under a
"Buttonwood" tree, this marked the beginnings of the investment
community of Wall Street and the creation of the New York Stock
Exchange. Since then, the name has grown to mean much more than a
street, as it now represents the stock market and all its associated
financial institutions."
*****
Wall Street From Wikipedia:
http://www.wikipedia.org/wiki/Wall_Street
"Wall Street, in lower Manhattan, was the first permanent home of the
New York Stock Exchange, and is the approximate center of New York's
financial district. The phrase is also used to refer to the financial
industry.
Wall Street is named after New York's old city wall, long since
dismantled."
*****
(Redirected from City wall) Link to: Defensive wall:
http://www.wikipedia.org/wiki/City_wall
"Defensive walls were common from the ancient period into the medieval
period. Generally, these are referred to as city walls, although there
were also walls, such as the Great Wall, which extended far beyond the
borders of a city and were used to enclose vast regions.
In the 1980s Morocco built a system of sand wall defenses to keep back
the Polisario.
The German Democratic Republic claimed that the Berlin Wall was
defensive, but it was rather to prevent unauthorized emigration.
City walls were still occasionally used as late as the 19th Century
although by this time they were generally of wood (rather than stone)
construction and used only around small frontier settlements. City
walls also had towers and were frequently surrounded by trenches.
The practice of building these massive walls had been developed
sometime before the rise of the Sumerian Empire and was connected with
the rise of city-states.
Oftentimes the walls proved impenetrable to attacking armies which
then laid siege to the city.
Within walled cities, the poor and "noxious trades" were generally
located near or outside the walls.
Chinese cities occasionally have remnants of city walls that were
built in the Ming Dynasty and designed to withstand artillery
bombardment. Chinese cities generally outgrew their walls, which fell
into disrepair in the Qing dynasty. One example is Xian.
Portions of a Roman wall are still standing in Barcelona, and many
Spanish cities, such as Avila and Toledo, have medieval walls.
The remnants of the city walls of York are both a shortcut above the
streets and, as in many places, a tourist attraction."
*****
Google Search:
"Wall Street New York", "origin +name Wall Street", "defensive wall
New York", "financial district New York"
Best regards,
tlspiegel |
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