Lewis 1

Malik Lewis Instructor: Malcolm Campbell English 1102-014 September ! 201" Wall Street and the New York Stock Exchange Introduction/Overview #n this pro$ect! I want to in%uire on the &ew 'ork Stock E(change an) *all Street+ I want to research how the ,nite) States- economic well being can be )epen)ant on the occurrences at the stock e(change an) *all Street+ *all Street is a ma$or .inance )istrict in &ew 'ork Cit/+ 0his small area o. &ew 'ork can ha1e a monumental e..ect on the econom/ o. the ,nite) States+ I became curious about the stock market an) *all Street when the recession o. the mi) to late 2000s occurre)+ It seems to me that a .ew ba) )a/s at the stock market an) on *all Street a..ecte) the entire count/ negati1el/+ *hile watching the news as a /oung chil)! I thought that we in &orth Carolina coul) not be a..ecte) b/ what was occurring in &ew 'ork+ I )i) not un)erstan) the reason wh/ e1er/ news reporter ha) a great )eal o. concern .or the stock market crash+ In this pro$ect I will e(plain how the .inical )istrict *all Street an) the &'SE can ha1e a positi1e or negati1e in.luence on the entire countr/+ Currentl/ I un)erstan) that this area has a great )eal o. the large corporations in 2merica+ 3ecause the .e)eral go1ernment gets most o. its mone/ .rom large corporations an) businesses! our go1ernment-s is in somewa/ rel/ing on these companies to make mone/+ Simpl/! i. the corporations are not )oing well! then the go1ernment has less mone/ to ta(! which is how our go1ernment makes mone/+

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0he past .ew /ears the ,nite) States econom/ has not been in a goo) con)ition+ It has been a big concern o. man/ go1ernment o..icials! politicians! economist! an) e1en a1erage citi4ens+ 0he count/ is in billions o. )ollars o. )ebt! o..icials .in) it har) to create a bu)get! an) there were man/ housing an) other in)ustr/ crisis! an) plent/ o. other things going wrong with the econom/+ I belie1e all these things began to occur a.ter the crash o. the stock market+ I $ust woul) like to know wh/ )i) this happen+ 0he econom/ a..ects the a1erage person in almost all aspects o. li.e+ 5oo)! gas! clothing! housing! transportation! an) man/ other things can be in.late) in a struggling econom/+ 0he 6reat 7epression was one o. the toughest times in 2merican histor/+ 0his e(plains wh/ econom/ is so important+ 2lthough there ma/ be thousan)s o. )i..erent wa/s to 8.i(9 the econom/! we must .in) wa/s to keep it thri1ing in or)er to li1e com.ortabl/+ In this pro$ect I want to e(plain how the stock e(change an) *all Street ha1e such a big in.luence on our econom/+

Initial Inquiry Question(s 7oes the well-being o. the ,nite) States econom/ rel/ on the success o. the &ew 'ork Stock E(change an) *all Street: *hat causes the stock market to crash an) wh/ )oes it a..ect the entire countr/: ;ow )o large corporations ha1e a big in.luence on the countr/-s econom/: ;ow )oes the con)ition o. the stock market gi1e a goo) pre)iction o. the national economic status: *h/ )oes a stock market crash cause a )epression or recession: *hat t/pes o. businesses are on *all Street: *hat is the main purpose o. the stock market! an/ wh/ is that important:

!y Interest in this "o#ic

Lewis "

I became intereste) in the stock market as a small chil)+ *hene1er I woul) see a picture or 1i)eo o. the stock e(change I woul) see the hun)re)s o. people mo1ing .ast pace)! screaming across the .loor! an) the )ail/ bell ringing+ 2ll o. the commotion caught m/ attention an) I ha1e been intereste) in stocks since+ I became intereste) in *all Street because I 1isit &ew 'ork Cit/ o.ten! an) this )istrict o. the cit/ was the most interesting to me+ 3ecause o. all the people pro.essionall/ )resse) I knew that something 1er/ important went on there+ M/ parents ha) a subscription o. the *all Street <ournal+ E1er/thing about the paper gaine) m/ attention+ 7uring the main parts o. the last recession I watch a lot o. the 5o(! C&&! an) C-S=2& news stations+ 0he news reporters woul) alwa/s talk about how the stocks were on )ecline! an) what occurre) on *all Street )uring the )a/+ 0his ma)e me curious about what goes on there+ I ha1e 1er/ little knowle)ge about the stock market an) *all Street! which is wh/ I woul) like )o research on these places+ Next Ste#s I will 1isit a re.erence librarian to gain a))itional in.ormation+ I will also look at the *all Street <ournal! &ew 'ork 0imes to gain in.ormation I ma/ nee)+ I plan to 1isit the websites mises+org an) in1estope)ia+com to get more in.ormation+ I think the news papers will gi1e me more current in.ormation about what is going on there+ I will research historical essa/s about the topic to gain knowle)ge about what occurre) in har) economic times+