Remembering September 11, 2001

The night before, Michael Jackson performed his 30^th Anniversary Special at Madison Square Garden and Yankees fans were disappointed when the game with their biggest rivalry, the Boston Red Sox, was rescheduled due to rain. The next morning, of course, was gorgeous.

That day, September 11, 2001, people all over New York City made their way to work humming Billie Jean and crossing their fingers against another rainout in the last moments of “life before.” Then, between 8:46 and 10:03 AM EST, four planes crashed into our beloved Twin Towers, the Pentagon and a field in Somerset County, Pennsylvania, over 2,500 lives were lost and countless others were irrevocably changed in the worst terrorist attack in United States history.

Eleven years later, the construction is humming on the site of the new World Trade Center and the Freedom Tower is standing tall over the Wall Street area as it nears completion. Life in NYC is back to normal … but it’s a new normal for those of us who remember the days after, when the streets were quiet and we all took a little extra time to check in with everyone we passed.

Our new normal is one in which we love our city more than ever and take tremendous pride in honoring New York’s rich history, and her future, with people from all over the world. Join us for a Wall Street Walks tour and let us share a little bit of our New York City with you. Click here to learn more: https://www.wallstreetwalks.com/tours_main.html

New York City History

Settled in 1625, as New Amsterdam, New York City’s history is some of the richest and most vibrant in the entire United States. The actual birthplace of the American government, New York has seen an incredible amount of US, and worldwide firsts, two of which were recorded exactly 130 years ago this week.

On Monday, September 4, 1882, Thomas Edison switched on his large generator plant in downtown Manhattan and at 3 PM that afternoon, Pearl Street was lit with electricity for the first time ever.

The next morning, September 5, 10,000 workers joined together to march through New York City in the very first Labor Day Parade. The procession featured banners including: “To the Workers Should Belong the Wealth” and “Children in School, Not in Factories.”

Come join us for a Wall Street Walks tour and learn even more about the vibrant history of New York City. Our new fall schedule features tours at 11:00 AM on Mondays, Wednesdays and Saturdays, and 11:00 AM and 1:00 PM on Fridays. Click here to get your tickets now: https://www.wallstreetwalks.com/tours_main.html

A Great Week in Car History

What a great week in car history! Let’s start with July 30, 1863, when Henry Ford famously said, “If I’d listened to what my customers wanted, I’d have given them a faster horse.” Also this week, on August 1, 1941, Jeep rolled out its first ever model and on August 3, Firestone Tire and Rubber Company will celebrate its 112^th Anniversary.

Thanks to the brilliance that was Henry Ford’s mind and the ingenuity of inventors and engineers who continued his legacy, America saw the birth of a car industry that would revolutionize the way we did everything! From, getting ourselves around town, to increasing travel beyond our city limits, to expanding our knowledge and access to the world around us, cars have become a way of life, a method for bandying social status, and for many people, a tangible portrayal of their own personalities.

Here in Manhattan, however, you’ll notice we use our cars mostly to sit in traffic. That’s why Wall Street Walks hits the town on our feet to get the most out of what this amazing city has to offer! Be sure to check out one of our incredible tours while you’re in town this summer. Happy August!

The Curb Market

Way before the New York Stock Exchange moved into it’s current home at 11 Wall Street, trading was done in an outdoor space at 30 Broad Street known as The Curb Market and the traders were known as the New York Curb Market.

For almost ten years traders bought and sold shares outside until they moved indoors on July 27, 1921, to a building in Lower Manhattan. Led by, Edward McCormick, the Curb Market’s chairman, brokers ceremoniously marched up Wall Street to their newly completed building on Trinity Place behind Trinity Church.

In 1929, the New York Curb Market changed its name to the New York Curb Exchange and soon became the top international stock market. Years later in 1953, they renamed themselves once again and became the American Stock Exchange. 

The Duel that Led to Alexander Hamilton's Death

You might remember the great “Got Milk” commercial from the 90’s that featured a historical museum’s curator eating a peanut butter sandwich. His local radio station calls and offers him $10,000 if he can tell them who shot Alexander Hamilton in the July 11, 1804, duel that led to his death.

The answer, which the curator couldn’t get out because he didn’t have milk, was Aaron Burr, the sitting Vice President of the United States at the time of the shooting. In the duel, Burr shot and fatally wounded Alexander Hamilton. Once he was injured, Hamilton was transferred from Weehawken, New Jersey, where the duel had taken place, to Manhattan, where he died at a house on Jane Street in Greenwich Village the next day.

Hamilton’s funeral was held two days later on July 14 at Trinity Church in the Wall Street area. He was buried in the adjacent Trinity Churchyard where his son Philip, also the victim of a duel, had been buried three years prior. Because dueling had recently been outlawed in New York and New Jersey before the Burr-Hamilton duel, the incident created a huge political uproar and Burr was indicted for murder, though he was never convicted.

Jesse Lauriston Livermore, the Great Bear of Wall Street

June 26th marks the 135th birthday of Jesse Lauriston Livermore, the “Great Bear of Wall Street.” Known as one of the greatest traders of all time, Livermore’s life and career were a dedication to the study and mastery of stock and commodity movement and prices.

For Jesse, life began in rural Massachusetts where he was the child of a poor farmer, seemingly doomed to repeat the same fate as his father. At 14, with his mother’s blessing and her $5, he ran away from home to escape the hardship of life on a farm.

His stock market success started that same year in “bucket shops,” gambling halls where Livermore made over $1000 (over $20,000 by 2012 standards) placing bets on stock prices before he ever actually bought or sold a single share. Once he began trading in legitimate markets, Livermore both earned and lost millions upon millions of dollars.

Jesse Livermore is quoted as saying that his losses were the result of not listening to his own advice. At the height of his fortune, his worth was in the billions by today’s standards. Although his death was over 70 years ago, Livermore’s book, “How to Trade in Stocks,” is still listed among the top books ever written on finance and Wall Street.

75th Anniversary of the Death of John D. Rockefeller

This week marks the 75th anniversary of the death of John D. Rockefeller. Once known as the richest man in the world, Rockefeller gave over 500 million dollars to a variety of causes including education, science and religion institutions.

Born in Richford, New York, Rockefeller was an enterprising man who built his first oil refinery near Cleveland and incorporated Standard Oil Company when he was just 31 years old. His son, John D. Rockefeller, Jr., was his only heir and he carried on his father’s legacy of philanthropy.

In 1901 John D. Rockefeller, Jr. created Rockefeller University in NYC and during World War II, helped establish the USO for the troops. Later, Rockefeller Jr. personally funded the construction of Rockefeller Center, creating over 75,000 jobs during the depression, and establishing what is now a world-famous landmark in the center of midtown Manhattan.

Washington Inauguration

On April 30, 1789, just a few short weeks after the first United States Congress met at Federal Hall in to establish the first American government, George Washington stepped out onto an upstairs balcony and was sworn in as the first President of the United States.

Located in the heart of New York City’s financial district, Federal Hall is where America’s forefathers wrote the Bill of Rights and it served as a home for the Supreme Court and other city government offices until it was demolished in 1812.

The building that is now located on Wall Street was initially used as a Customs House but now is the home to Federal Hall National Memorial, a museum and memorial honoring the first President and the rich history of the United States.

Starting April 30 and lasting through May 2012, Federal Hall will be celebrating George Washington as well as the days when New York City was the national capital.

Fraunces Tavern, an Historical Landmark and a Stop on the Wall Street Walks Tour

Fraunces Tavern, located at 54 Pearl Street in New York City, was built in 1719 as a residence for a merchant named Stephan Delancey. In 1762, it was converted in a tavern which proved to be very popular as well as historically significant. The history of Fraunces Tavern is interwined with George Washington, the Revolutionary War and the budding U.S. Government that arose just after the war.

After nearly 250 years of serving travelers in New York City, you can still sit down and enjoy a meal at Fraunces Tavern. If you'd like to learn more about this American treasure, book a ticket on a Wall Street Walks guided walking tour of the Financial District of New York.

The Wall Street Bull: a stop on the Wall Street Walks Tour

The Wall Street Bull is an iconic sculpture located in a median in the middle of Broadway in the Financial District of Lower Manhattan, very close to Wall Street. In the 1980s, when he created the Bull sculpture, the artist deposited it in front of the New York Stock Exchange in the middle of the night. The following day was probably the only day in history a bull was not welcome on Wall Street, and the sculpture was removed. However, the public demanded that the Bull sculpture be returned to Lower Manhattan, and shortly thereafter we experienced the very strong bull market from the 1990s. The sculpture was placed temporarily in a median in the middle of Broadway and was never moved. As you can see from the video, the Wall Street Bull is a popular tourist attraction. To learn more about the Wall Street Bull and all the other intricacies of the history of the Financial District, click through to reserve tickets for a Wall Street Walks tour.

Meet Annaline Dinkelmann, Founder of Wall Street Walks

 Wall Street Walking Tours from Annaline Dinkelmann on Vimeo.

The Best Way to Experience Wall Street is on Foot 

Come on a fascinating journey into the financial heart of New York City with Wall Street Walks. Our guided walking tours, led by real industry insiders, provide an exciting peek at what happens behind the scenes on Wall Street. On our tours you will:

• Discover how an 18th century street bazaar became the greatest financial center in the world.
  
• Learn about the darker side of Wall Street, including its scandals, panics, and crashes.
  
• Walk in the footsteps of financial moguls such as Alexander Hamilton, Andrew Carnegie, John D. Rockefeller, and Victoria Woodhull.
  
• Explore the district's most celebrated landmarks.
  
• Hear firsthand accounts of Wall Street today as only industry insiders can tell them.

Wall Street Walks offers a number of exciting and specialized walking tours of the financial district, including:

• History of Wall Street (also known as Stock Market History).
  
• Wall Street's Panics and Crashes.
  
• The Women of Wall Street (a Wall Street Walks exclusive).
  
• Federal Reserve Gold Vault Visit.

All of our tours are available for either private parties or group excursions and can be done on your own schedule at a time convenient for you. See Lower Manhattan from an entirely new perspective - schedule your Wall Street walking tour today!