The Financial District is an area located at Southern spot of the borough of Manhattan. It is a place where many of the city’s financial institutions and headquarters are housed. It includes the New York Stock Exchange, Wall Street and much more. The District made New York City into the world’s leading financial center, and the most economically powerful city.
Wall Street is, and has for quite a long time been a symbol of money and power. In 1653, during the tenure of Peter Stuyvesant, a wall stretched from the Hudson River to the East River. The Dutch built it to protect themselves from the British, who were at the time inhabiting the north. The wall was not required for defense purposes, and the British tore in down in 1699. A path, named Wall Street, connected the banks of the East and Hudson rivers. Early merchants built important buildings on this path, such as a city hall, church, shops and warehouses. Later, the exchange rented a place on Wall Street, and worked the organization from there from then on.
One of the most famous attractions of Wall Street is the Charging Bull. The bronze sculpture was installed in 1987 following the stock market crash of that year.The Bull was designed and sculpted by the artist, Arturo Di Modica. It was, and still is, a symbol of “the strength and power of the American people”. Once the Bull was set up, it instantly became a hit amongst photographers, and a major tourist destination of the Financial District.
New York Stock Exchange
The NYSE is home to over 2,800 companies that collectively exceed the value of $15 trillion. After the American Revolution, Congress issued $80 million in bonds to pay for war debt. A certain marketplace was necessary to hold this type of activity. So, after years of informal exchange in coffeehouses, a group of brokers decided to do something about that; so they got together and came up with the “Buttonwood Agreement” on May 17th, 1792. Their plan marked the beginning of the New York Stock Exchange.
In 1934, the NYSE registered with the U.S. Securities and Exchange Commissions as a national securities exchange. Until 1938, the main governing body was the Governing Committee. Then, the exchange hired their first paid president and created up with a board of governors made up of 33 members. Later on, in 1972, the exchange became much more organized with 25 member board directors, 12 representatives, a chairman, CEO, and others. The NYSE is the second largest stock exchange in the world.
The photos and artworks at nyArt.com capture various parts of the Financial District. Rather than focusing solely on the Bull or the NYSE headquarters, our art gives you a taste of both from different perspectives. The photographs’ quality allows you to see the light reflecting off the shining, bronze statue of the Bull, and the paintings use color to emphasize the bright and cheery lights of the Christmas tree standing outside the New York Stock Exchange.