Wall Street vs. Main Street : Investing and economicsPosted On: September 8, 2018
Wall Street is the original home of the New York Stock Exchange it’s also historic headquarters of the largest U.S. brokerages and investment banks. It includes stock exchanges, large banks, brokerages, securities and underwriting firms, and big businesses. This term “Wall Street” is also used as collective name for the financial and investment community.
Wall Street name came from the wooden wall Dutch colonists built in lower Manhattan in 1653 to defend themselves from the British and Native Americans. In 1699 the wall was taken down, but the name stuck. That area became a center of trade in the 1700s, and in the late 1790s, was the time when publicly traded investments were issued.
Wall Street is an important location where a number of financial institutions are based; the globalization of finance has work to institutions being established around the world. The Wall Street, when used as a metonymy, expands to institutions located all over the world.
Wall Street is often shortened to simply “The Street.” This moniker is often quoted in the media and social media. For an example, when reporting a company’s profit, the media may compare a company’s revenues to what “The Street” was expecting. In this case, they compare the company’s earnings with what financial analysts expected revenues would be.
Wall Street basically considers to the global finance and investment community, it is often compared to Main Street. As said “Main Street” is normally used as for individual investors, small businesses, employees and the overall economy. Main Street is a common name for the principal street of a town where most of the local businesses are based. There is perceived conflict between the goals, desires and motivations of Main Street compared with Wall Street, Both are different to each other where Wall Street representing big businesses and financial institutions, there Main Street generally representing the small businesses.