Wall Street meltdown?
Many people attribute the United States' current financial troubles to Wall Street. True or not, it would be wise perhaps to find out more about Wall Street. I started to feed my curiosity by asking certain questions: 1. Is Wall Street really a street? From Wikipedia: Wall Street is a street in lower Manhattan, New York City, USA. It runs east from Broadway downhill to South Street on the East River, through the historical center of the Financial District. Wall Street was the first permanent home of the New York Stock Exchange; over time Wall Street became the name of the surrounding geographic neighborhood. Wall Street is also shorthand (or a metonym) for "influential financial interests" in the U.S. as well as for the financial industry in the New York City area. Wall Street, more than anything, represents financial and economic power. To Americans, Wall Street can sometimes represent elitism and power politics and cut-throat capitalism, but it also stirs feelings ...