How did the name Wall Street come from?

Wall Street is a transliteration of the English word "Wall Street".

The childhood on Wall Street ended from 1653 to 19. The early rapid development of new york and the rise of new york's financial industry have a considerable relationship with the Dutch business spirit. Although the early germination of capitalism began in Italy during the Renaissance, the real capitalism was gradually perfected in Holland in the middle of17th century.

At that time, the Netherlands formed a very complete financial system, including banks, stock exchanges, credit, insurance, limited liability companies and so on. The development of the financial system gave birth to the economic take-off of the Netherlands, making this small European country once one of the strongest countries in the world. When the Dutch immigrated to North America, they brought the capitalist business spirit to New Amsterdam.

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The influence of wall street

Compared with commercial streets, Wall Street usually refers to companies whose commercial influence is greater than that of small and medium-sized enterprises and the middle class, and sometimes it is especially used to represent financial institutions such as analysts, shareholders and investment banks.

Ordinary people's impression of commercial streets is usually nothing more than regional enterprises and banks. On the other hand, Wall Street is generally regarded as synonymous with private and self-interested "American enterprises". Sometimes Wall Street is used to distinguish the differences in influence, culture and lifestyle between investment banks and Fortune 500 companies and small businesses.

Wall Street best represents financial and economic strength. For Americans, Wall Street is sometimes equated with elitism, power politics and cruel capitalism, but at the same time, Wall Street has aroused Americans' pride in the market economy.

In the eyes of Americans, Wall Street is a symbol of a country and economic system. It grew up in trade, capitalism and innovation, not colonialism and plunder.

Baidu Encyclopedia-Wall Street