Why the Wall Street became the Wall Street?

Do you know why we call the Wall Street "Wall Street"? One of our members brings out one interesting article that explains you how the name "the Wall Street" showed up. Let us know how you think about it through comments! Any comments are welcome.

Why the Wall Street became the Wall Street? 

Soeun Kim

Pusan National University

Polymer Science and Engineering 

What can you imagine if you hear the "Wall Street"? Some might think of positive images like the center of the economy or the place that represents the capitalism. On the other hand, for the others, greed and corruption would come first in mind. The Wall Street, which is located in Manhattan, New York, is the street with concrete jungle formed by financial headquarters, stock markets, etc. Both economy booming and the great depression came from this Street. The Wall Street leads not only New York, but also the whole world. Then, how the Wall Street got the name "Wall Street"? 

About 400 years ago, Europe was in Imperialism. Strong countries like U.K, France, and Spain were trying to find new lands for their colonies. At that time, Holland, one of the rising countries in the trade business, also sought for new lands. Therefore, the Dutch found a small land in America, and established a new land named New Amsterdam that included Manhattan and Wall Street.As the trades expanded rapidly, New Amsterdam became a popular metropolis. At the same time, as the city became bigger, the government found out that organizing and keeping security were needed. Therefore, the government sent the soldier, "Peter Stuyvesant", who could govern the city and protect from other big countries’ invasion. He tried to make the city prosper and safe. So, he made regulations for public order and constructed the wall made of logs to protect the city from UK as it was adjacent. However, the UK invaded the New Amsterdam to expand their territory in the end. The New Amsterdam was captured, and as a result, the Duke York who was a brother of the King of UK became the ruler of the city. 

After that, the New Amsterdam changed the name to New York which was named after the DukeYork. However, the wall was preserved. So people named the street along the wall the Wall Street.The Wall Street now reaching for the outside of the world was once the wall to protect the inside from the outside.