Wall Street History

  • Wall Street History

    The Day They Blew Up Wall Street

    Amid all the chaos today, we’re going to take a break to remember the bombing of Wall Street on September 16th, 1920. Just before noon, a horse-drawn wagon stopped across the street from the headquarters of the J.P. Morgan at 23 Wall Street. The bells from Trinity church rang out. A few moments later, hundreds […]

    / Sep 16, 2008 at 1:05 PM
  • hotties, Wall Street History

    Who Is The New Adonis Of Wall Street?

    Earlier today we mentioned a legal battle between a nineteenth century gossip rag called the Flash and a stock-broker named Myer Levy. It seems that Levy’s good looks, or perhaps his reputation for whoring, led to him being nicknamed “the Adonis of Wall Street.” That’s definitely a nickname that deserves to be dusted off, as […]

    / Jun 2, 2008 at 9:57 AM
  • Wall Street History

    The Flash Press, Prostitutes and Wall Street

    Long before DealBreaker came along to supply your Wall Street gossip news, there was the so-called “flash press,” rag paper weeklies published for a few years in the 1840s specializing in suggestively lascivious subjects, Wall Street sex scandal, fallen women and descriptions of bare-knuckle boxing. The greatest of these, according to the New York Times […]

    / Jun 2, 2008 at 8:26 AM
  • Bear Stearns, Wall Street History

    The Wall Street Graveyard

    As regular readers know, we’ve got a thing for Wall Street history. So we’re really glad that the kids over at Portfolio put together a wonderful interactive feature detailing what happened to some of the once powerful and now vanished Wall Street firms.

    / May 30, 2008 at 2:18 PM
  • Big Idea, Wall Street History

    Bottoms Up?

    We’re apparently meant to understand that the worst of the credit crisis is over, or nearly so. Federal Reserve chairman Ben Bernanke says the markets are “far from normal” but reassures us that the smart and caring gentlemen at the Federal Reserve stand ready to increase its auctioned funds. Banks have started to lend to […]

    / May 13, 2008 at 2:59 PM
  • Wall Street History

    The Dangers of Boredom On Wall Street

    Let’s take a step back from the Fed and stock markets for a moment to reflect on some history. Joe Flaherty was a legend in New York journalism. Drink was his muse, words his first love, and telling the truth his only paying talent. Of course he started his career on Wall Street. He began […]

    / Jan 22, 2008 at 9:16 AM
  • Wall Street History

    Wall Street & Little Rock, Fifty Years On

    Fifty years ago today, paratroopers from the 101st Airborne Division escorted nine black students the the doors of Central High School in Little Rock, Arkansas. As Shelby Steele points out on the editorial page of the Wall Street Journal today, the events in Little Rock in 1957 had a dramatic impact on the way the […]

    / Sep 25, 2007 at 3:02 PM
  • insider-trading, Wall Street History

    Where is Foster Winans?

    The last time we checked in with Foster Winans he was arguing for repealing the insider trading laws. Winans, you might recall, is the former Wall Street Journal reporter who was charged with insider trading for tipping a stock broker off about items that would run in his “Heard On The Street” column. As we […]

    / Apr 17, 2007 at 8:52 AM
  • legal, politics, Wall Street History

    Marc Rich’s Lawyer Convicted!

    If you’re anything like us, you may have forgotten that Scooter Libby has a connection to world of high finance. Too many bottles of Chateau Mouton-Rothschild will do that kind of thing to you. Someone called Libby was convicted yesterday for something involving the CIA, the Bush administration, Iraq and Robert Novak. Or something. We […]

    / Mar 7, 2007 at 11:55 AM
  • Greenspan, Wall Street History

    Irrational Exuberance Turns Ten

    Yes. That’s how long it’s been since Alan Greenspan sent the markets tumbling with his mention of “irrational exuberance” (a tip of our hats to Eddy Elfenbein for the reminder). Here are the words that sent panic waves through the hearts of many: Clearly, sustained low inflation implies less uncertainty about the future, and lower […]

    / Dec 5, 2006 at 2:42 PM
  • video, Wall Street History

    The Ghost of Wall Street Past

    More from the land of Wall Street past. This time the Dreyfus Fund’s lion strolls through the financial district in 1958.

    / Oct 4, 2006 at 10:37 AM
  • Wall Street History

    If You Want To Know What’s Going On On Wall Street, Ask Shearson Hammill

    You may have noticed that we’ve got a thing around here for old school Wall Street firms and images. The scenes from the trading floor—with ticker tapes and punch buttons—in this old advertisement for Shearson Hammill, one of the ancestor corporations of today’s Citigroup, are beautiful. And especially worth watching as the NYSE pushes even […]

    / Oct 3, 2006 at 12:40 PM

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