Wall St is located in the southern section of the borough of Manhattan, where some of the chief financial institutions of the United States lies. The street is narrow and short and extends only about seven blocks from Broadway to the East River. It was named for an earthen wall built by Dutch settlers in 1653 to repel an expected English invasion. Even before the American Civil War the street was recognized as the financial capital of the nation. The Wall Street contains the New York Stock Exchange, the American Stock Exchange, investment banks, government and municipal securities dealers, trust companies, the Federal Reserve Bank, many headquarters of utilities and insurance companies. Wall Street is a worldwide symbol of high finance and investment that has entered modern mythology. After the devastating stock market crash of 1929, Wall Street seemed the bastion of financial manipulators able to destabilize national economies.
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