Wall Street is the banking center of New York City. But how
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Wall Street is the banking center of New York City. But how did the street get its unusual name? To find out, we must go back to the early years of exploration in North America. New York Cit ![]() ![]() Dutch traders built a town on the end of Manhattan Island. It became a rich tra ![]() The governor of New Amsterdam, Peter Stuyvesant, worried that British settlers in New England would attack his town. He ordered that a protective wall be built at the north edge of Manhattan. The wall was more than 2,290 feet long. It extended from the Hudson River to the East River. The British never attacked New Amsterdam. So the wall was never tested in war. But the path beside it became known as Wall Street. Later, Wall Street became a street of banks and business. Dealing in stocks and shares in the stock markets began in the 17th Century. An informal market developed around the co ![]() ![]() 1. Manhattan was named after __________. A. a Dutch explorer B. a British colonist C. an Indian tribe D. the Dutch governor 2. The British and the Dutch went to war in 1652 because __________. A. they both liked the rich island B. they both wanted to have Wall Street C. they both wanted to control the rich area D. they had questions in some aspects unsolved 3. The wall _________. A. was used in the war B. was never used in the war C. was destroyed later D. was so weak that the British never tested it 4. In 1773 “New Jonathan’s” Coffee House became _________. A. the place the merchants had their ventures B. an informal stock exchanges C. a formal stock exchanges D. the biggest market in Britain |
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