Although Wall Street is just a street in lower Manhattan Island, New York City, USA, it sounds more than a street to the rest of the world. Wall Street is a synonym for influential financial power for the rest of the world.

To become a Wall Street organization, the organization doesn’t really have to be located in Wall Street. Being a Wall Street Company simply means that it is taking financial services from Wall Street. Nowadays Wall Street firms are either related to financial services or law firms. They offer services for mid-scale companies to large scale companies such as General Electric, Microsoft etc. When it comes to annual financial reports of famous organizations, there are dedicated financial analysts who keenly go through these and report analysis to the general public and especially for the current and future shareholders of the particular company. Therefore the business organizations deal with these analysts very carefully. One wrong movement made by an organization may result in a negative analysis and eventually may lead to a loss of share value.

Headquarters of many of the famous financial institutions are located in Wall Street including New York Stock Exchange (NYES), National Association of Securities Dealers Automated Quotient (NASDAQ), American Stock Exchange (AMEX), New York Mercantile Exchange (NYMEX) and New York Board Of Trade (NYBOT). Since the most famous and large companies are listed in these stock exchanges, the atmosphere is very intense and dynamic in Wall Street.

The Crash of ’29 is one of the biggest events related to the name of Wall Street. This is actually the Wall Street Crash in 1929, the most devastating stock market crash in American history causing the Great Depression. At the time of the crash NYSE was the largest stock market in the world. The crash started in October 24th, 1929 and continued for another two days known as Black Monday and Black Tuesday. However the collapse continued for a month’s period. Eventually new trading regulations and financial reforms were introduced to avoid future crashes.