Why Wall Street Is a Key Player in the World’s Economy
What Is Wall Street?
The most important financial center in the world? A fabled place of silver spoons and golden parachutes? A hub of cut-throat capitalism? Or all of the above? Wall Street is many things to many people, and the perception of what it really is depends on who you ask. Although people’s views of Wall Street may differ widely, what is beyond dispute is its enduring impact not just on the American economy, but on the global one.
Key Takeaways
- “Wall Street” is a metonym for the financial district in lower Manhattan in New York City.
- Originally referring only to a handful of brokerage firms, the term is now used to refer to the entire investment and financial industry.
- As the trading hub for the world’s largest…
