Wall Street

Definition

Wall Street is a famous street located in Lower Manhattan, New York City. It is often used as a term to refer to the U.S. financial district and symbolizes American capitalism and economic power.

Related terms

Stock Market Crash of 1929: This event marked the beginning of the Great Depression when stock prices plummeted, leading to widespread economic crisis.

Securities and Exchange Commission (SEC): This regulatory agency was created under The New Deal to oversee activities in the securities industry, including Wall Street.

Glass-Steagall Act: This legislation separated commercial banking from investment banking activities in order to prevent another financial crisis.