Wall Street & the New York Stock Exchange

by NYJ Team

Wall Street, a narrow street in lower Manhattan between Broadway and the East River, was the first permanent home of the New York Stock Exchange, as well as the one-time headquarters for all of the major banks and brokerage houses in the United States. Although, all of the brokerages have moved elsewhere – to other quarters in New York’s financial district, New Jersey, and Connecticut – the term, “Wall Street” is still synonymous with the US financial markets.

Wall Street

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History

Wall Street got its name in the 17th century, when it was the northern boundary of the original Dutch “New Amsterdam” settlement on Manhattan. There actually was, at one time, a wall on Wall Street. Wall Street and the surrounding New York financial district grew up around the New York Stock Exchange. At one time, virtually all of the US banks and brokerages were based in this small area. At the height of the “Gilded Age” in the late 19th and early 20th century, the area was known as the “House of Morgan”, referring to JP Morgan, the country’s largest bank and financier.

The attack on the World Trade Center in September 2001, has had the effect of speeding the exodus of companies from the concentrated financial district. Banks and brokerage headquarters can now be found all throughout suburban New York City.

New York Stock Exchange

The New York Stock Exchange, located at 11 Wall Street, is the largest stock exchange in the world. Its global capitalization is roughly 20 trillion dollars. The NYSE traces its history back to an event 1792, when 24 brokers and bankers signed the “Buttonwood Agreement”, named for a buttonwood tree that stood at the end of Wall Street. This agreement set into motion the creation of the system of buying and selling stocks that became the NYSE. Unlike the high-tech NASDAQ marketplace, at Times Square, the NYSE today operates much as it did 100 years ago, in an auction format with buyers and sellers’ agents meeting and deciding on a price right on the exchange’s trading floor.

Visiting Wall Street and the NYSE

Wall Street and the New York Financial District make a nice New York walking tour. The area is easily accessible from all parts of the city via subway, bus, and taxi.

Also within the financial district, at the corner of Wall St. and Nassau St., is Federal Hall National Memorial, the home of the first United States capital and the site of George Washington’s Presidential inauguration. Continuing along Wall Street to the East River, you come to South Street Seaport, a favorite of residents and visitors alike. This historic area was once the site of the Fulton fish market where the New York fishing fleet returned from their day in the harbor and sold their wares. Today, it is a combination shopping mall, museum, and entertainment complex, with spectacular views and a fleet of historic sailing ships.

Also not far from the financial district, at the tip of Manhattan, is Battery Park, a 32-acre waterfront, mixed-use park, which offers spectacular views of Ellis Island and the Statue of Liberty in the distance.

A visit to Wall Street and the New York financial district is an interesting diversion from New York museums and shopping. The area’s imposing facades and rich history, capped with the spectacular views from the tip of Manhattan made a trip to Wall Street a must for any New York sightseeing trip.

Location: at 11 Wall Street, New York City, New York
Phone: 212-656-3000

Click to visit New York Stock Exchange official website.

Note: This information can change without notice. Confirm all details directly with official website.

The Morgan Library & Museum | Experience a Stunning Display of Rare Books

by NYJ Team

Book lovers, prepare to be amazed. After walking through the Madison Avenue entrance of The Morgan Library & Museum, visitors will experience a stunning display of rare literary materials dating from the Middle Ages to the 20th century.

This New York City museum and research library features a treasure trove of original letters and manuscripts, many by beloved literary figures such as Jane Austen and Mark Twain. The Morgan collection of works is considered to be one of the most important collections of literary and historical manuscripts in the world, and is a must-see destination for those captivated by literature.

The Morgan Library & Museum

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A Financier’s Book Collection

In the early 1900’s, the Morgan Library was built to house the rapidly growing collection of books and manuscripts amassed by American financier John Pierpont Morgan (1837-1913.) One of the world’s richest men at the turn of the 20th century, J.P. Morgan was an avid book and art collector, and benefactor enriching the collections of many institutions including the Metropolitan Museum of Art and the American Museum of Natural History. His private library included a stunning collection of historical and illuminated manuscripts, ancient master drawings and prints, and printed books with rare bindings.

A Private Library Becomes a City’s Treasure

Between 1902 and 1906, J.P. Morgan’s library was built beside his New York home at Madison Avenue and 36th Street. The three-room Italian-Renaissance inspired structure was designed by architect Charles McKim and is often referred to as his masterpiece, offering a majestic yet intimate and elegant environment. The library remained in private hands until 1924, when J.P. Morgan’s son, J.P. Morgan Jr. (1867-1943) fulfilled his father’s dream of sharing his incredible collection with the world and opened the library to the public. Today the museum consists of a complex of buildings which includes the original library.

Highlights of the Collection

There are only fifty copies remaining the world of the Gutenberg Bible, and The Morgan Library & Museum boasts three in its possession. Just some of the other remarkable holdings include an autographed manuscript of the Haffner Symphony by Wolfgang Amadeus Mozart and autographed journal entries by American author and abolitionist Henry David Thoreau.
From medieval illuminated manuscripts to rare first editions, visitors will marvel at the astonishing collection of works which includes the only surviving manuscript of John Milton’s Paradise Lost, Charles Dickens’s manuscript of A Christmas Carol, and letters and manuscripts by major figures such as Jane Austen, John Keats, Albert Einstein, Abraham Lincoln, Charlotte Brontë and John Steinbeck.

In addition to the many rare manuscripts in the Morgan’s holdings, the museum also showcases drawings and works by great artists such as Rubens, Degas and Leonardo da Vinci, early children’s books and rare printed music, as well as correspondence by post-World War II writers such as Ernest Hemingway and Jack Kerouac.

The Morgan also hosts visiting exhibitions from other museums to complement its world-class collections, and features an extensive selection of on-line exhibitions at the official Morgan Library & Museum website.

Programs and Education

The Morgan offers a busy calendar of events including lectures, readings and concert performances relating to the exhibitions currently being showcased. The institution also hosts an art-in-education program for youth that complements classroom studies. Current event schedules and an overview of the museum’s educational program are available at the Morgan’s website.

Dining and Shopping at the Morgan

There are two dining options at The Morgan Museum & Library. Casual dining is available at the Morgan Café, which offers light menus inspired by the museum’s exhibitions in a light-filled, airy glass-enclosed dining area of the museum.

The more formal Morgan Dining Room allows guests to brunch or lunch in the Morgan’s original family dining room, located in a 19th century restored brownstone.

The Morgan Shop sells many unique items including art reproductions, books and collectibles that reflect the museum’s collections.

Visiting The Morgan Library & Museum

The Morgan is right in the heart of New York City, located at 225 Madison Avenue at 36th Street in the Murray Hill neighborhood of Midtown Manhattan.

Location: 225 Madison Avenue, New York City, New York
Phone: 212-685-0008
E-mail: visitorservices@themorgan.org

Click to visit The Morgan Library & Museum official website.

Note: This information can change without notice. Confirm all details directly with official website.

Union Square Park | Historic, Vibrant and… a Foodie Destination

by NYJ Team

This vibrant and historic urban park is the perfect place to people watch in New York City. Located at the intersection of Broadway and 4th Avenue, Union Square Park was the site of the first Labour Day parade in 1882. It also houses the flagship location of the popular Greenmarket Farmers Market, a state-of-the-art children’s playground and a majestic bronze sculpture of George Washington.

Union Square Park

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Things to Do at Union Square Park

From art vendors to street entertainers to the occasional protest, there are plenty of interesting things to do and see in Union Square Park. Friends can congregate by the James Fountain and kids can play at the 15,000 square-foot playground which features a mini-mountain and rubber-tiled floor to protect little knees from scrapes.

Union Square Park is a popular destination for foodies- it is home to the flagship location of the world-famous Greenmarket Farmers Market. Situated at the north end of the park, the Union Square Greenmarket attracts thousands of visitors all year round eager to shop for fresh, locally grown produce, heritage meats and artisan breads and cheeses.

Union Square Park is also a perfect place to relax and do nothing at all. There are lots of benches to perch and people watch or grassy spots to spread out a blanket and enjoy a picnic lunch.

A Historic Public Space

Union Square Park opened in 1839 and quickly became a bustling town square and one of New York’s most popular public spaces to meet. Centrally located in Manhattan, Union Square was named for its location at the “union” of Bloomingdale and Bowery Roads which is known today as Broadway and 4th Avenue.

Union Square has a history of being a hub of political and social activism and was the site of many workers’ rallies in the 1930’s. It has served as a place for people to gather for political demonstrations, labor protests and community events.

A crowd of 10,000 workers gathered in Union Square for the first Labor Day parade on September 5th, 1882. Labor Day became a national holiday in 1884 and Union Square’s role in American labor history led to its designation as a National Historic Landmark in 1997.

Statues in Union Square Park

Union Square Park is one of the most popular places for New York City locals to meet up at and one of the highlights of the park is its collection of majestic statues. They not only honor important historical figures, but they also are a great way to find someone – “meet me by Abraham Lincoln!” In addition to a statue of America’s 16th president, Union Square Park features sculptures of the Marquis de Lafayette (created by Frédéric-Auguste Bartholdi, the designer of the Statue of Liberty) and Mohandas Gandhi.

Visitors should be sure to seek out the spectacular equestrian statue of the first president of the United States, George Washington. Located at the south end of the park, this bronze work is the oldest sculpture in the New York City Parks collection.

Where Is Union Square Park in New York City?

Union Square Park runs from East 14th Street to East 17th Street between Park Avenue South and Broadway.

For more information on Union Square Park including maps of the area and directions call 212-New-York or visit Union Square Park official website.

Note: This information can change without notice. Confirm all details directly with official website.