What is Wall Street? Detailed answer

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What is Wall Street? Detailed answer

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What is Wall Street?

We often hear that if something happens on Wall Street, the lives of millions of people depend on it. Wall Street is a street in the lower part of New York. Major US financial institutions are on or near it. The street owes its name to Peter Stuyvesant. He in 1652, being the governor of the small Danish settlement of New Amsterdam, ordered the construction of a wall to protect the city from the attack of the British.

After the Revolutionary War, the government of the city, the state of New York, and the United States settled there. President George Washington was inaugurated there in 1789. The first US Congress met there. Today, the concept of "Wall Street" includes the entire financial district, captures several blocks to the north and south, as well as the western part of Broadway.

This sector houses the headquarters of banks, insurance companies, railway companies, as well as large industrial corporations. The New York Stock Exchange is also located here. She is probably the most important institution on Wall Street. Nearly 1500 different companies producing all kinds of goods and services are traded on the New York Stock Exchange.

Minutes after each trade is made, it is reported to brokerage firms across the country. They receive information by telegraph in a special automatic way known as "ticker tape".

Author: Likum A.

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The Danger of Dirty Windows 04.11.2022

Scientists from the University of Birmingham called for washing dirty windows. They argue that windows can contain toxic contaminants and hide potentially harmful contaminants behind a film of fatty acids from food preparations that can be stored for long periods of time.

Fatty acids present in cooking emissions are very stable and difficult to break down in the atmosphere. And when they hit a hard surface like a window, they create a thin, self-organizing and slowly accumulating film, and can only be gradually broken down by other chemicals in the atmosphere.

Thus, the film will become rougher and draw out more water due to air humidity. In addition, harmful contaminants can enter the resilient crust, where they are then protected from degradation in the atmosphere.

The fatty acids in these films are not particularly harmful on their own, but because they are not broken down, they effectively protect any other contaminants that might be trapped underneath.

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