Great Crashes of Wall Street
New York City, NY
Self Guided TourAbout
Show moreThis unique walking tour delves into the political, financial, real estate and architectural history of Wall Street and New York City. It begins with Henry Hudson, the corporate entrepreneur who found New York Harbor in 1609, and then was murdered by his crew on a later voyage to Hudsons Bay the following year. It also discusses Alexander Hamilton, the founding of the Bank of New York, and how Hamilton has been confused as the founder of Chase Manhattan. Chase Manhattan was founded instead by his arch-rival Aaron Burr.The tour shows that despite such adversities as the Great Fires of 1776 and 1835, financial panics of the 19th century, the 1920 Wall Street explosion, the Crash of 1929, the stock market collapse of 1987, the September 11, 2001 terrorist attack and the financial crisis of 2008, New York and Wall Street have always recovered their position as the worlds financial capital.
Highlights
6.0185 Broad Street
7.01Drexel Burnham Lambert declares bankruptcy
9.03Stock Market Crash of 1929
Duration
What happened here
2 total, Show more1989 In the wake of the stock market crash of 1987, Arturo Di Modica installed his 7 ton Charging Bull in the middle of the night in front of the NYSE as a 'Christmas Gift to the People of NY'. Removed several hours later, it has been relocated temporarily to Bowling Green. The Wall Street Bombing in 1920 thought to be set off by anarchists has the distinction of being the deadliest terrorist attack in US history till Oklahoma City; the explosion killed 38 people and injured many others
Events
Open House New York Weekend - October 17th-18th, 2020
Archtober - October, 2020
Related Tours
The Commons - The Heart of New York City
The Art & Architecture of Park Avenue from Lever to Grand Central
Created by
cultureNOW
Museum of American Finance
Timeline
10 Stops, Show less
2 Sites, Show less

The Great Crash of 1929: Tour of the Financial District begins inside the Museum of American Finance, which was once the main banking hall of the the Bank of New York. This unique walking tour delves into the political, financial, real estate and architectural history of Wall Street and New York City. It begins with Henry Hudson, the corporate entrepreneur who found New York Harbor in 1609, and then was murdered by his crew on a later voyage to Hudsons Bay the following year. It also discusses Alexander Hamilton, the founding of the Bank of New York, and how Hamilton has been confused as the founder of Chase Manhattan. Chase Manhattan was founded instead by his arch-rival Aaron Burr. The tour is sponsored by the Museum of American Finance.
Great Crash of 1929 Stop 1: Museum of American Finance - by Richard M. Warshauer, James Kaplan

4 Sites, Show less

The second stop on the Great Crash of 1929: Tour of the Financial District is the British Memorial Garden, which was dedicated to the United Kingdom after in memory of the 67 British subjects killed in the September 11 attacks. At this location once stood a statue of Colonial Mayor Abraham De Peyster, which now sits in a Parks Department warehouse. Presented in partnership with the Museum of American Finance.
Great Crash of 1929 Stop 2: British Memorial Garden and the Statue of Abraham De Peyster - by Richard M. Warshauer, James Kaplan

5 Sites, Show less

The third stop on the Great Crash of 1929: Tour of the Financial District is in front of 55 Water Street. The building was once the largest private office building in New York City. It is now home to the India House, which houses a large collection of maritime objects. Presented in partnership with the Museum of American Finance.
Great Crash of 1929 Stop 3: 55 Water Street Hanover Bank - by Richard M. Warshauer, James Kaplan

4 Sites, Show less

The fourth stop on the Great Crash of 1929: Tour of the Financial District is in front of the former headquarters of both the Seligman Brothers and the Lehman Brothers financial companies. Interestingly, while the Seligman Brothers were financial backers of the Union Army in the Civil War, the Lehman Brothers backed the Confederate Army because much of the money came from cotton plantations in the South.
Great Crash of 1929 Stop 4: J & W Seligman and the Lehman Brothers - by Richard M. Warshauer, James Kaplan

3 Sites, Show less

The fifth stop on the Great Crash of 1929: Tour of the Financial District is on Mill Lane This one block-long street is the oldest in New York City. The Dutch built a mill here, which they used to grind the bark that was used to tan beaver skins. In 1628, the first organized religious service was held on this street, and the Dutch Governor Peter Stuyvesant surrendered to the British here 1664.
Great Crash of 1929 Stop 5: Mill Lane - by Richard M. Warshauer, James Kaplan

3 Sites, Show less

The sixth stop on the Great Crash of 1929: Tour of the Financial District is in front of the former Goldman-Sachs building and near Millennium High School. Millennium High School was the first high school built south of Fulton Street in decades, and its presence reflects the neighborhoods evolution from strictly business to more residential. At this stop, the tour guides delve into the question Why does the market crash always seem to happen in the fall?
Great Crash of 1929 Stop 6: 85 Broad Street & the Changing Neighborhood - by Richard M. Warshauer, James Kaplan

4 Sites, Show less

The seventh stop on the Great Crash of 1929: Tour of the Financial District is in front of 60 Broad Street, the former home of the now defunct Drexel Burnham Lambert. When this tour first started more than 20 years ago, Drexel Burnham Lambert was one of the most important firms on Wall Street, but several illegal trading convictions in the late 1980s led the firm to its collapse in 1990.
Great Crash of 1929 Stop 7: The Rise and Fall of Drexel Burnham Lambert - by Richard M. Warshauer, James Kaplan

2 Sites, Show less

The eighth stop on the Great Crash of 1929: Tour of the Financial District is in front of the Charging Bull. In an act of guerrilla art, the Bull was installed on December 15, 1989, in front of the New York Stock Exchange. However, the Bull was not commissioned by the New York City Government and it was promptly impounded.
Great Crash of 1929 Stop 8: Charging Bull - by Richard M. Warshauer, James Kaplan

7 Sites, Show less

The Great Crash of 1929: Tour of the Financial District ends at the epicenter of American finance - the intersection of Broad Street and Wall Street. At 23 Wall Street is "The Corner," the original home of JP Morgan Bank. In 1920, a carriage loaded with explosives was detonated in front of the building in an act of domestic terrorism. The pock marks from the explosion are still visible in the marble facade. At this stop, the tour guides describe how this intersection may have looked in October 1929, as the stock market plummeted.
Great Crash of 1929 Stop 9: Epicenter of the Financial District - by Richard M. Warshauer, James Kaplan

9 Sites, Show less

The Great Crash of 1929: Tour of the Financial District ends on Wall Street in front of the Trump Building, formerly the Bank of Manhattan building. Richard describes the turbulent ownership histories of many of the buildings on Wall Street and the difficulties associated with owning and leasing a skyscraper. James relates anecdotes about the Trump Building, where he personally worked for 15 years.
Great Crash of 1929: 10 Final Stop - Skyscrapers on Wall Street - by Richard M. Warshauer, James Kaplan
