New York City has been regarded as the United States financial capital and the Wall Street, being the center of the city’s financial district, became “money capital of America”. Along with NASDAQ, the New York Mercantile Exchange, the New York Board of Trade, and the former American Stock Exchange, the New York Stock Exchange, the world's largest stock exchange by market capitalization of its listed companies, is situated on Wall Street.Many believe that Wall Street got its name from the wall on the northern boundary of the New Amsterdam (now New York) settlement, that was built starting from Pearl Street, which was the shoreline during the time of lining the Wall Street in 1685, traversing the Indian path Broadway and ending at the other shoreline (known today as the Trinity Place). The wall was constructed to protect Dutch dwellers against violence from several Native American tribes. Another version of the story tells that the name Wall Street was derived from Dutch-named “de Waal Straat”, wherein Waal being an abbreviation for Walloon, a tribe who is
among the first settlers that boarded the ship “Nieu Nederlandt” in 1624.
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