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Car Rentals in New York City and Wall Street

Wall Street is a street in lower Manhattan that runs from Broadway to the East River. Drive down Wall Street with your car rental in New York City to see the heart of the Financial District. This was the first permanent home of the New York Stock Exchange. In every day language, "Wall Street" refers to American financial markets and financial institutions as a whole. It is interesting to note that many financial firms are no longer headquartered on Wall Street, but in other areas of Manhattan, New Jersey, and Connecticut. This is still a great place to visit with your car rental in New York City.

The name "Wall Street" comes from the 17th century wall that the Dutch constructed to keep the colony's black slaves from escaping. The British took the wall down in 1699. In the late 18th century there was a buttonwood tree at the foot of Wall Street where traders and speculators would gather to trade informally. This was the origin of the New York Stock Exchange. Today the Manhattan Financial District is one of the largest business districts in the United States. By the Great Depression, the development of the financial district had slowed down considerable. The construction of the World Trade Center was one of the few major projects undertaken in the last three quarters of the 20th century. This was meant to revitalize the downtown area with international trade. Some powerful firms did buy space at the World Trade Center complex. The terrorist attacks of September 11, 2001 also greatly affected Wall Street when companies temporarily relocated to New Jersey. A lot of those moves became permanent. The government has offered tax incentives at the federal, state, and local level to spur development in the area, and that has worked. Better access to the area is also planned with a new commuter rail station and transportation center on Fulton Street. Come down to Wall Street with your car rental in New York City to see it.

Wall Street today is more about prestige rather than actual financial necessity. It is known for corporate American culture. With your car rental in New York City you can see it. The area is quite hard to establish a small- or medium-sized business. The New York Stock Exchange is the last holdout in floor trading. All of the trading there is done on the actual floor of the stock exchange and not electronically. Aside from this, there is no real reason to be located on Wall Street. This is a very interesting place to see when you have a car rental in New York City.

With your car rental in New York City you can see where monetary policy in the United States comes from. Wall Street is where monetary policy in the United States is implemented. There is a Federal Reserve bank of New York located on Wall Street. They have a gold vault 80 beneath the street, which is the largest in the world. Most of the building in the area are from the Gilded Age, but there are some buildings with an art deco influence as well. Landmark building you will want to be sure to see with your car rental in New York City are Federal Hall and the New York Stock Exchange at the corner of Broad Street.

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