Wall Street from "summary" of Too Big to Fail by Andrew Ross Sorkin
Wall Street is not just a physical location in Lower Manhattan. It is a symbol of power, wealth, and influence in the world of finance. The street itself may be relatively short, but its impact reaches far and wide, shaping economies and markets around the globe. When people talk about Wall Street, they are referring to a complex network of banks, investment firms, and other financial institutions that drive the engine of capitalism. The term "Wall Street" is often used interchangeably with "the financial industry" or "the markets," but it actually refers to a specific geographic area. This area has been synonymous with finance since the 19th century, when the New York Stock Exchange was established there. Over time, Wall Street has become a metonym for the entire financial system, representing both its successes and its failures. The financial crisis of 2008 brought Wall Street into the spotlight like never before. T...
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