Wall Street & New York Stock Exchange

by NYJ Team

New York City’s financial district is comprised of 0.7 miles equaling close to eight blocks where Wall Street positions itself. Wall Street is home to the New York Stock Exchange located at 11 Wall Street New York, New York. The New York Stock Exchange is the largest stock exchange in the world. It runs along the East River, in the lower part of Manhattan from Broadway to South Street. In today’s financial market, the New York Stock Exchange is the capital of all financial fairs not only in the United States, but all across the globe.

Wall Street is not only home to the New York Stock Exchange, but to many major banks and other financial brokerages in the U.S. When you think of Wall Street the first thing that comes to mind is the financial capital that most call home, the United States. This is where all capitalization occurs with all boundaries in the financial world.

History of Wall Street and New York Stock Exchange
Wall Street dates back to the 1600s when a 12 foot high stockade was created protecting Dutch settlers from river to river across the lower tip of Manhattan. It was put in place to protect the people from attacks that were occurring from the British, and some say Indians. Wall Street was laid out in 1685 by surveyors along the entire line of the stockade. History with the New York Stock Exchange began when the signing of the Buttonwood Agreement was commenced. The signing came from New York City merchants and stockbrokers in 1792 underneath a Buttonwood tree located at 68 Wall Street. All of the 24 signers drafted the constitution in 1817 and named its institute the New York Stock and Exchange Board. The agreement set all motions for the buying and selling of stocks to start which became the New York Stock Exchange.

 Wall Street & New York Stock Exchange

Wall Street & New York Stock Exchange

 

The first company listed with the NYSE was the Bank of New York. The Bank of New York was one of five institutions traded in the beginning which led to most major financial companies following suit such as JP Morgan.

There have been many notable events that have affected NYSE. World War 1 was the first event that influenced the shutdown of the Exchange. In the beginning of the war the New York Stock Exchange closed down on July 31, 1914 and partially reopened in November to try and help the economics of the war by trading bonds.

October 24, 1929 marked a memorable and historic day. This is what is known as Black Thursday, the crash of the New York Stock Exchange. The crash is said to be the blame for the economic downgrades otherwise known as the Great Depression.

Moving forward to more recent events, in 1987 the biggest drop of 508 points with the Dow Jones took place. This was a 22.6% loss in one day of trading in which marked it the second ever largest point drop for a day. All trading was halted motivating NYSE officials to summons the circuit breaker.

Sadly, the attack of the World Trade Center which took place in September 2001 had a major effect on the exchange causing trading to cease for four days. This is one of the longest closing times in NYSE history. The attacks have also caused most banking and brokerages to migrate away from the financial district and to locate throughout New York City.

Visiting Wall Street
Visiting Wall Street and the New York Stock Exchange would be an exciting distraction for anyone. There are many shops, museums and other interesting benchmarks to boast upon on one of the most famous streets in the world.

Children’s Museum of Manhattan | New York City

by NYJ Team

The Children’s Museum of Manhattan is a place for all ages to explore the world and cultures through a selection of diverse programs and distinctive exhibitions. It is located in the Tisch Building which sets on West 83rd, between Broadway and Amsterdam Ave. More than 300,000 visitors make their way into the museum each year to inspire themselves and help with the celebration of our world’s cultural range and what’s to come in the future. It is otherwise known as CMOM and welcomes visitors of all ages to join in on all the activities offered daily.

Learn, explore and support CMOM with its internships, parent workshops, classes for kids and guided tours that can all be found onsite and on a regular basis.

Children’s Museum of Manhattan

Children’s Museum of Manhattan

 

History
The museum first opened on a storefront back in 1973. Founder Bette Kroman understood the financial crisis the city was in as well as the absence of music, school art and cultural learning programs for children. Educators set up shop in basements on the storefront to educate audiences of the Upper West Side and Harlem. The museum received its very first grant from the National Endowment for the Arts to expand the education of different programs. It was originally named the Growth Through Art and Museum Experience and then later on called the Children’s Museum of Manhattan in the 1980s.

Mission and Statement
Children’s Museum of Manhattan’s main objective and mission is to inspire families and children to educate themselves with the diverse culture in the world via interactive programs and ongoing exhibitions. Serving more than 325,000 people with more than 65,000 being children, the museum continually strives to reach out to hundreds if not thousands of families all around the world to benefit from the services that are being offered. There are more than 50 outreach programs located in 50 different cities surrounding New York City.

Visiting the Museum
The museum is open Tuesday, Wednesday, Thursday, Friday and Sunday and is closed on Mondays for outreach programs and school programs. Extended hours are offered on certain days. There are many ongoing exhibits offered daily that include PlayWorks, EatSleepPlay Building Healthy Day, Adventure with Dora and Diego and 10-Foot Cops.

The museum is also located just a few blocks from the Riverside Park, Central Park Zoo and Central Park. Dining is nearby with eateries for every taste such as Say Cheese, Big Daddy’s and Nonna Restaurant just to name a few. There is even an online shop offering a great selection of toys, books, souvenirs and educational games.