The New York Stock Exchange is the largest stock exchange in the world. Listed companies on the market represent US$30.1 trillion in market capitalization. The New York Stock Exchange is located in Lower Manhattan, New York City. Founded in 1873, it has grown to become one of the most popular financial destinations worldwide.
The stock market on Wall Street is once again in a bear market, with worries about higher interest rates and inflation overwhelming investors. The Federal Reserve has signaled it will aggressively raise interest rates to curb inflation, which has reached its highest level in decades. In addition, the slowdown in China and the war in Ukraine are weighing on investors. As a result, big swings are common.
Wall Street is comprised of the biggest financial institutions and stock exchanges in the world. It employs thousands of people and plays an important role in America’s economic and financial history. Although it is an important part of American culture, its history is not limited to its financial impact. The history of Wall Street is a fascinating one, with the namesake street having been around for nearly a century.
The collapse of the Wall Street stock market in 1929 was a major historical event. This event caused a number of financial institutions to collapse. Afterwards, the Securities and Exchange Commission was established to provide close government oversight over the stock market. The Great Depression caused massive unemployment in the U.S. but World War II brought relief to the country.