Located in the heart of the Financial District, a massive fortress-like building is the Federal Reserve Bank of New York, completed in 1924. The architectural firm of York and Sawyer designed the building in a style of an Italian Renaissance, reminiscent of the 16th-century Florentine Palazzi. The Federal Reserve was created by Congress in 1913…
Category: Wall Street
NYSE Building—a Roman temple with glass walls
Facing Broad Street at the corner with Wall Street stands a stronghold of American finance — the mighty Stock Exchange. The building looks like a Roman temple adorned with imposing columns and crowned with classical portico. The resemblance is not accidental: financial structures were meant to project stability, security, and strength. By the beginning of…
Of sycamore, coffee, and high finance — the Stock Exchange story
New York, situated in a large, natural harbor, was always a port city. Since the 17th century, the trade routes between Europe and the American continent went through the city’s bustling port. The goods such as wheat, tobacco, coffee, sugar, molasses, cotton, and rum traveled in one direction while fine furniture, tea, cloth, and, sadly,…
Wall Street – a tiny street with a big history
The name Wall Street stands for high finance and is often used interchangeably with the Financial District. However, before it came to symbolize the American financial might, it was a location of an actual wall making its name – Wall Street – not a figure of speech but a reflection of reality. In 1625, the…
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