Question

With which activity is the wall street in New York, U.S.A associated with?
a)Films
b)Banking and Finance
c)Defence
d)Literary Arts

Answer 1

Hint:Wall Street is a street in the Manhattan section of New York city. It runs between Broadway and the East River in Manhattan. Wall Street became famous with the Buttonwood Agreement which formed the New York Stock and Exchange Board.

Complete answer:Wall Street gets its name from the wall built by Dutch colonists in the 17th century to protect themselves from the British and Native Americans.Though Wall Street became a centre for trade in the 17th century itself, it was in 1792 when 24 of United State’s first brokers signed the Buttonwood agreement and agreed on commission based form of trading securities. This agreement eventually led to the New York Stock and Exchange board.Wall Street also houses NASDAQ along with headquarters of other international banks and brokerages.

Today the term Wall Street is used to refer to the financial and investment community, which includes stock exchanges, large banks, brokerages, securities, and underwriting firms.
Therefore option (b ) Banking and Finance is the correct answer.

Option (A ) is not correct as the place associated with films in the USA is Hollywood.
Option (C ) is not correct as the place associated with defence in the USA is the Pentagon in Virginia.

Note:The Wall Street crash refers to the sharp decline in USA’s stock market values in 1929. The crash of Wall Street led to the Great Depression which had an impact in industrialised as well as the then non industrialised countries like India.