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A Fed-Up People's History of Wall Street Protests

OCTOBER 18, 2011

The non-violent protesters in and near Zuccotti Park are by no means the first of their kind; Wall Street has been the site of demonstrations by disenchanted Americans throughout the city’s history as a showcase of unrivaled wealth and hard-won wages.

Though most trading is done electronically and many banks have moved their headquarters elsewhere, “The Street” remains the symbolic “capital of capital” (NY Times). During the first Wall Street panic in 1792, an inside trader named William Duer was speculating with government bonds when he went bankrupt and was blamed for the ensuing economic collapse. Duer was chased through the streets of downtown Manhattan by a large, angry mob. Caused by snowballing credit expansion, a sliding international economy and bank failure, the Panic of 1857 saw a wave of unemployment as businesses failed. In November of that year, thousands of jobless protesters gathered outside the Merchants’ Exchange on Wall Street to demand aid from financial institutions and the government.

In the decades leading up to the Great Depression, protests became a regular feature on Wall Street. At the beginning of the Great Crash in October of 1929, thousands gathered in the street outside the New York Stock Exchange after they saw their life savings disappear. The sight of the swelling crowd had a terrifying effect on those within the building’s figuratively crumbling walls. In 1989, AIDS activists from ACT UP chained themselves to the balcony of the New York Stock Exchange to protest the high cost of the only approved AIDS drug, AZT, disrupting trading and eventually leading manufacturer Burroughs Wellcome to lower its cost (History.com).

This interactive map from History.com highlights historic Wall Street protests.