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The First Wall Street
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The First Wall Street: Chestnut Street, Philadelphia, and the Birth of American Finance

Robert E. Wright

Abstract

When Americans think of investment and finance, they think of Wall Street—though this was not always the case. During the dawn of the Republic, Philadelphia was the center of American finance. The first stock exchange in the nation was founded there in 1790, and around it the bustling thoroughfare known as Chestnut Street was home to the nation's most powerful financial institutions. This book recounts the history of Chestnut Street and its forgotten role in the birth of American finance. Philadelphia, known for its cultivation of liberty and freedom, blossomed into a financial epicenter durin ... More

Keywords: Wall Street, Chestnut Street, Philadelphia, American finance, American Revolution, U.S. Mint, securities exchange

Bibliographic Information

Print publication date: 2005 Print ISBN-13: 9780226910260
Published to Chicago Scholarship Online: March 2013 DOI:10.7208/chicago/9780226910291.001.0001

Authors

Affiliations are at time of print publication.

Robert E. Wright, author