Financial District in Manhattan NY


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The financial hub of the United States, the seat of New York City government, and home to some of New York's oldest buildings, the Financial District has an illustrious history. Seventeenth-century settlers began building here, and given the many seafarers of the time, boats could be conveniently docked at one of the slips right near the settlements of wooden homes. Right nearby, in the heart of the district is Federal Hall, where George Washington was inaugurated as the first President of the United States in 1789, also the meeting site for the First Congress. New York City was both the capital of the United States and New York State at the time.

The street names reflect the district's fascinating history: Fulton Street, named after Robert Fulton, the inventor of the steamboat; Maiden Lane, originally called Magde Platje in Dutch; Beaver Street, recalling the once-significant beaver pelt trade, etc.

The area today houses some great economic powerhouses, including the headquarters of major banks, the New York Stock Exchange, in addition to the World Financial Center. Contrasts are extraordinary, from old two- and three-story old brick buildings near South Street Seaport to the nearby modern mega-skyscrapers. Some of the numerous other attractions include Fraunces Tavern, where George Washington bid farewell to his troops; the newly-landscaped City Hall Park; the Museum of the American Indian and the US Custom House at Bowling Green; Trinity Church; Castle Clinton; South Ferry; Battery Park; and the Federal Reserve Bank. Sadly, the biggest attraction since 9/11/2001 has been the former World Trade Center site. While reconstruction proceeds, you'll find a temporary memorial as well a throng of tourists taking pictures.

The Financial District is an area at the southern tip of Manhattan. Major sights include South Street Seaport, Wall Street and the New York Stock Exchange, Battery Park, Trinity Church and the Woolworth Building.

As a district, it encompasses roughly the area south of City Hall Park but excluding Battery Park and Battery Park City. The heart of the Financial District is often considered to be the corner of Wall Street and Broad Street, both of which are contained entirely within the district.

Federal Hall National Memorial, on the site of the first US Capitol and the inauguration of George Washington as the first President of the United States, is located at the corner of Wall Street and Nassau Street.

The neighborhood is considered to be primarily a destination for daytime traders and office workers from around New York City and the surrounding areas. The neighborhood has a growing number of full-time residents, with estimates made in 2005 showing that there were approximately 30,000 people living in the area, a jump from the 15 to 20 thousand living there before September 11th.

It also has a growing number of tourist attractions such as the South Street Seaport, which is located in Civic Center.

Although the term is sometimes considered to be synonymous with "Wall Street", the latter term is usually taken to imply the financial markets as a whole, whereas the Financial District implies an actual geographical location. According City of New York official data, the neighborhood is named Wall Street.


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