Wall Street

Wall Street is a 0.7-mile-long (1.1 km) street running eight blocks, roughly northwest to southeast, from Broadway to South Street on the East River in the Financial District of Lower Manhattan, New York City. Over time, the term has become a metonym for the financial markets of the United States as a whole, the American financial sector (even if financial firms are not physically located there), or signifying New York-based financial interests.

Anchored by Wall Street, New York City has been called both the most economically powerful city and the leading financial center of the world, and the city is home to the world's two largest stock exchanges by total market capitalization, the New York Stock Exchange and NASDAQ. Several other major exchanges have or had headquarters in the Wall Street area, including the New York Mercantile Exchange, the New York Board of Trade, and the former American Stock Exchange.

History

Early years

There are varying accounts about how the Dutch-named "de Waal Straat" got its name. A generally accepted version is that the name of the street was derived from an earthen wall on the northern boundary of the New Amsterdam settlement, perhaps to protect against English colonial encroachment or incursions by Native Americans. A conflicting explanation is that Wall Street was named after Walloons— the Dutch name for a Walloon is Waal. Among the first settlers that embarked on the ship "Nieu Nederlandt" in 1624 were 30 Walloon families. The Dutch word "wal" can be translated as "rampart". However, even some English maps show the name as Waal Straat, and not as Wal Straat.

Palace

A palace is a grand residence, especially a royal residence or the home of a head of state or some other high-ranking dignitary, such as a bishop or archbishop.

The word itself is derived from the Latin name Palātium, for Palatine Hill, the hill which housed the Imperial residences in Rome. In many parts of Europe, the term is also applied to ambitious private mansions of the aristocracy. Many historic palaces are now put to other uses such as parliaments, museums, hotels or office buildings. The word is also sometimes used to describe a lavishly ornate building used for public entertainment or exhibitions.

Etymology

The word "palace" comes from Old French palais (imperial residence), from Latin Palātium, the name of one of the seven hills of Rome. The original "palaces" on the Palatine Hill were the seat of the imperial power while the "capitol" on the Capitoline Hill was the religious nucleus of Rome. Long after the city grew to the seven hills the Palatine remained a desirable residential area. Emperor Caesar Augustus lived there in a purposely modest house only set apart from his neighbours by the two laurel trees planted to flank the front door as a sign of triumph granted by the Senate. His descendants, especially Nero, with his "Golden House" enlarged the house and grounds over and over until it took up the hill top. The word Palātium came to mean the residence of the emperor rather than the neighbourhood on top of the hill.

Wall Street (disambiguation)

Wall Street is a street in New York City which runs through the historical center of the Financial District.

Wall Street also refers to:

New York

New York is a state in the Northeastern United States and is the United States' 27th-most extensive, fourth-most populous, and seventh-most densely populated state. New York is bordered by New Jersey and Pennsylvania to the south and Connecticut, Massachusetts, and Vermont to the east. The state has a maritime border in the Atlantic Ocean with Rhode Island, east of Long Island, as well as an international border with the Canadian provinces of Quebec to the north and Ontario to the west and north. The state of New York, with an estimated 19.8 million residents in 2015, is often referred to as New York State to distinguish it from New York City, the state's most populous city and its economic hub.

With an estimated population of nearly 8.5 million in 2014, New York City is the most populous city in the United States and the premier gateway for legal immigration to the United States. The New York City Metropolitan Area is one of the most populous urban agglomerations in the world. New York City is a global city, exerting a significant impact upon commerce, finance, media, art, fashion, research, technology, education, and entertainment, its fast pace defining the term New York minute. The home of the United Nations Headquarters, New York City is an important center for international diplomacy and has been described as the cultural and financial capital of the world, as well as the world's most economically powerful city. New York City makes up over 40% of the population of New York State. Two-thirds of the state's population lives in the New York City Metropolitan Area, and nearly 40% live on Long Island. Both the state and New York City were named for the 17th century Duke of York, future King James II of England. The next four most populous cities in the state are Buffalo, Rochester, Yonkers, and Syracuse, while the state capital is Albany.

Tuxedo Park

Tuxedo Park may refer to:

See also