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The Vigilant Stuyvesant’s Wall Street Gate, 19th-century painting by John Quidor. There are varying accounts about how the Dutch-named “de Waalstraat” got its name. New Amsterdam settlement, built to protect against Native Americans, pirates, and the British. The red people from Manhattan Island crossed to the mainland, where a treaty was made with the Dutch, and the place was therefore called the Pipe of Peace, in their language, Hoboken. But soon after that, the Dutch governor, Kieft, sent his men out there one night and massacred the entire population. In the 1640s basic picket and plank fences denoted plots and residences in the colony. Slavery was introduced to Manhattan in 1626, but it was not until December 13, 1711, that the New York City Common Council made Wall Street the city’s first official slave market for the sale and rental of enslaved Africans and Indians.

In the late 18th century there was a buttonwood tree at the foot of Wall Street under which traders and speculators would gather to trade securities. In 1789 Wall Street was the scene of the United States’ first presidential inauguration when George Washington took the oath of office on the balcony of Federal Hall on April 30, 1789. This was also the location of the passing of the Bill Of Rights. View of Wall Street from corner of Broad Street, 1867. On the left is the sub-Treasury building, now the Federal Hall National Memorial. In the first few decades, both residences and businesses occupied the area, but increasingly business predominated.

There are old stories of people’s houses being surrounded by the clamor of business and trade and the owners complaining that they can’t get anything done,” according to a historian named Burrows. Geisst suggested that there has constantly been a “tug-of-war” between business interests on Wall Street and authorities in Washington, D. Generally during the 19th century Wall Street developed its own “unique personality and institutions” with little outside interference. In the 1840s and 1850s most residents moved further uptown to Midtown Manhattan because of the increased business use at the lower tip of the island. Dow began tracking stocks, initially beginning with 11 stocks, mostly railroads, and looked at average prices for these eleven.