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Digital Subscriptions > Learn Hot English > 197 > WALL STREET

WALL STREET

Where money never sleeps.

What comes to mind when you think of Wall Street? Money, stocks, shares, traders... greed? Over the years, the term Wall Street has come to represent the world of high finance, but it’s also just a street!

Wall Street is a symbol of an economic system, of financial and economic power, of elitism and power politics. But Wall Street is also a street, which is located in Lower-Manhattan, New York City. And before that, it was actually a wall – hence the name.

The wall was originally a barricade to keep out the English in the 17th century. At the time, New York was known as New Amsterdam and was part of the Dutch empire. The first European to pass through the area was Florentine Giovanni da Verrazzano in 1524. Later, in 1609, an Englishman, Henry Hudson, began to explore the region, continuing up a river which is now known as the Hudson River. He claimed the area for the Dutch East India Company and it became known as New Netherland.

In those early days, the area around Manhattan Island was a fur trading station. But from 1624 onwards, there was a permanent European presence there. And in 1625, a fort was built on Manhattan Island called Fort Amsterdam. It was later renamed New Amsterdam. This year is recognised as the birth of New York City.

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About Learn Hot English

Great news! The latest issue of Hot English (197) is out now! Learn over 1,000 useful words and expressions and improve your listening skills with Learn Hot English! This month: Learn 15 useful slang expressions so you can understand native speakers, songs, films and TV series better. Plus, 10 useful words and expressions for talking about chocolate and cooking, 12 useful words and expressions for describing graphs and charts, idioms, phrasal verbs... plus: • Food – chocolate. • Grammar – relative clauses (who, that). • Typical errors – error correction. • Art – airbrushing. • History – JFK versus Lincoln. • Language – how to learn idioms. • Politics – Winston Churchill. • Finance – Wall Street. • Cinema – Shia LaBeouf. • Business – how to start a business. • Marketing – ambush marketing. • Accents – the Scottish accent. • Architecture – buildings of the future. • Words – oxymorons. AND LOTS, LOTS MORE! By reading and listening to all this great content, you'll improve your English reading and listening skills and learn up to 1,000 useful words or expressions. Plus, you'll get a better job and pass English-language exams more easily. Guaranteed!