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What do you mean by Wall Street exchange?
Answers
Answered by
10
Answer:
Wall Street exchange was world's largest stock market during that time .
Thousands of people had their shares in the market.
When it crashed people tried to sell all their shares as they were in loss.
So after the crash there was a huge economic depression all over the world .
Answered by
0
Wall Street Exchange or New York Stock Exchange(NYSE) is the heart of the American financial system.It is located in New York and is the most important center for financial trade in US and this is why New York is also called by many as the financial capital of America.
Explanation:
Wall street is a particular place in New York city where the NYSE is located and where all the financial trading in the country is carried out.Most of the major banks,hedge fund and investment companies,security and trading firms are located.It basically includes stock market,bond market,commodities market,foreign exchange market and futures market.The wall street exchange or NYSE is the financial market where most of the private companies list their stocks and securities,which are later bought and sold.The main purpose of the financial market is to generate funds and capitals for companies so they can financially grow and create employment opportunities.
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