20 Wall Street Facts Nobody Knows
Ashley | 02 - 04 - 2021
Updated: April 2, 2021 11:00 pm IST
Though famous amongst investors and traders, Wall Street got popular throughout the world after the Leonardo De Caprio movie “Wolf of Wall Street” based on true events. This amazing Wall Street facts quiz contains the answer to
- What is Wall Street?
- Wall Street History and Mind you, this trivia is not about finance and the stock market. So what are the interesting facts about Wall Street? Here you go
1. From 1685 to 1689, an Actual Wall Existed on Wall Street
The Dutch built a wall to prevent the British from entering and called it the “de Waal Straat” of New Amsterdam. It slaves as a slave market and securities site before becoming a financial district of the U.S.
2. Which President’s Oath of Office Took Place at Wall Street?
George Washington’s presidential inauguration and oath of office took place on 17th April 1789 in the Federal Hall balcony located on wall street.
3. Where Did the First Wall Street Transaction Take Place?
24 Traders agreed to trade stocks with each other by signing a contract under a sycamore (buttonwood) tree, which paved the path for the world’s second-largest stock exchange market.
4. When Was the Trade Opening Bell of Wall Street Not Heard?
The market shares had risen to a value more than their worth, and investors started selling these stocks causing the Wall Street Crash. The Sell! Sell! The crusade was so loud that the opening bell was not heard.
5. This Canal Led To a Business Boom in the 19th Century
The canal connects Erie lake with the Hudson River and the Atlantic ocean, with the Great lake having N.Y on the east coast as the only port, ultimately making N.Y the “Money Capital Of America.”
6. Who Introduced the Stock Tracking System in the 19th Century
Charles Dow began tracking 11 stocks initially with a newly invented tracking system in 1884 as the New York Stock Exchange Board wanted to estimate the stock performances more accurately.
7. Who Is the Co-founder of ‘Wall Street Journal”?
Dow is the cofounder of Dow Jones & Company, and he had also coined the terms such as “Bull Market” “Bear Market.” His tracking system is still used for tracking the stocks of 30 big companies today.
8. The Terrorism Act of 1920 Is Referred to as?
The Wall Street Bombing of 1920 claimed the lives of 38 people, and injuring 143 people was termed as the Red Scare as citizens were afraid of communist rising in the society. The ww1 had already begun by then.
9. Wall Street is the Emblem Of?
Wall Street is the Kingdom of money mongrels and has a capitalist mindset. Thus, the Vladimir Lenin statue that is 17 feet tall was re-positioned to face Wall Street as an honor after 20 years of its installation.
10. Which Among These Wal Streets Is Illegal?
Arturo Di Modica left the statue illegally in front of the NYSE building to signify privilege, greed, and excess that caused the 1987 crash. It was relocated after the public protested against its impoundment.
11. Wall Street Accounts For___ of N.Y City’s Income
Wall Street deals with real estate and insurance along with finance and is said to be the second-largest stock exchange market in the world after London, England.
12. Who Bailed Out Wall Street and the U.S Government?
When mortgage loans sold to borrowers went bad, companies like Fannie May and Freddie Mac filed a suit against Wall Street. J.P.Morgan of Chase Bank had bailed out Wall Street for a sum of $13 billion.
13. Who Was Considered the Witch of Wall Street?
During the Gilded Age, she was considered the richest woman in America for her frugality. She invested in railway and mining stocks predominantly.
14. Who Are Buried Under Wall Street?
Wall Street was a slave trade market before it became famous for the presidential inauguration, and numerous slaves who died due to torture, old age, or disease are buried under these majestic skyscrapers.
15. Which Company Handed Out Ice Creams Free of Cost at Wall Street?
Ben & Jerry handed out ice creams free of charge during the 1987 Wall Street crash as a motivation for people to come out of the loss with the tags, “That’s Life” and “Economic Crunch.”
16. What Is the Major Problem in Wall Street?
Wall Street is all about bets and probability, and traders win copious amounts when they win a bet while when they lose, it’s always other people’s money, and the trader would have already moved on to another bet.
17. Who Was the Wolf Of Street?
Jordan bought out Stratton Oakmont and followed pumping a firm’s stock levels and later dumping them before investors could sell it at a high price and later got convicted for the same and wrote ” Wolf of Wall Street”.
18. How Heavy Is the Iconic Bull Statue?
The Wall Street bull statue was so heavy that the sculptor had to make the parts separately and welded them together later. The public has made a habit of rubbing the balls of the bull in recent times.
19. Who Won The Powerball Jackpot?
The trio were executives at a firm worth $82 billion in Greenwich and revealed themselves as the winners of the $254 million Powerball Jackpot taking home $108 million as an after-tax sum.
20. How Big Is Wall Street?
Though Wall Street has become the colloquial terminology for any big investment or finance topic, in reality, Wall Street is just 8 blocks long and half a mile wide.