Every day I pay a bit of attention, not much, to what Wall Street is doing. I generally have a vague notion of what it means when I hear the Dow is up or down. Up is good. Down is bad. I think. Regardless of my fuzziness about finances, Wall Street’s placement on the National Register of Historic Places is something I can understand.
Consider this. Wall Street, the street not the district, was once a cow path the Dutch used when they first showed up in the 17th century to make a settlement next to the East River. Sometime in the district’s history, slaves were used to build a wall to keep out the Indians who were creating a ruckus by raiding. Once that was settled, and it was determined America was here to stay, this is where the Bill of Rights was adopted and George Washington was sworn in as the first president. If you head to Wall Street, besides listening for the sounds of fortunes being made or broken, look for the statue of Washington at the spot of his inauguration. Nearby, at 23 Wall St., J.P. Morgan’s old digs where he sat in his counting house counting out his money, so to speak, you can see evidence of the bomb that exploded there on September 16, 1920. Some people must not have been too happy with J.P. Morgan since the explosion was large enough that it killed 38 people and injured folks in the hundreds. There several other buildings of various styles that helped put this part of NYC on the historic places map.
For some more Wall Street information and details of America’s financial path, check out “Wall Street and Stock Market History” in A to Z Investments. Considering the state of the market this past week, I kind of think this photo by Alexander Marc Eckert on Flickr is apropos.