Wall Street is a transliteration of the English word "Wall Street". During the Dutch rule, a defensive wall was built here. After the British drove out the Dutch, they tore down the wall to build a street, hence the name. The Federal Hall on this street used to be the seat of the first Congress of the United States, where the first President Washington was sworn in. Now a statue of Washington stands in front of the gate to commemorate this event. However, as a political center, Wall Street is only a short moment, but as a financial center, it has been brilliant and immortal.
Skyscrapers have been erected on both sides of Wall Street, and the streets are like canyons. You can only see a glimmer of sky when you look up. Countless big banks, trust companies, insurance companies and exchanges all stop here. Thousands of white-collar workers gather here to work every day. Financial giants living in the suburbs don't have to suffer from traffic jams. They go to work by plane, and the heliport is located on the East River near the eastern end of Wall Street.
Wall Street has the headquarters of new york Stock Exchange, American Stock Exchange, investment banks, government and municipal securities dealers, trust companies, Federal Reserve Bank, public utilities and insurance companies, and commodity exchanges such as cotton, coffee, sugar and cocoa. Wall Street is a symbol of high concentration of finance and investment.