San Francisco in
San Francisco's financial district For those locations in the
Western United States, the name "
Wall Street of the West" has been used in the latter part of the 19th century.
Montgomery Street in
San Francisco has been known by that nickname to date. Other places were known by that name for a period of time until the industry moved out to other areas. Montgomery Street in San Francisco started its transformation from the street with wood shacks, warehouses and retail stores in the 1850s. By the 1870s, more notable buildings were constructed to replace the old wood shacks and the
mud flats. giving the shorter name of the financial district than its typical name as Wall Street of the West. However, the
COVID-19 pandemic in the United States accelerated a continuing exodus of business from the downtown core of San Francisco. Significantly high levels of crime and
homelessness have become more prominent features of the financial district and neighboring Union Square. Theories advanced range from crime, drugs, and homelessness, to the West Coast's and particularly San Francisco's challenge to remain a relevant commercial and financial center given its relative geographic isolation from other North American commercial centers in a era of increasingly ubiquitous e-commerce.
Denver For
Denver, Colorado, the city started picking up some shares of commercial buildings in the late 19th century. There was a push by the local politicians to transform its Seventeenth Street to become the "Wall Street of Denver" as seen in an 1892 pamphlet in promoting the
Equitable Building by the
Equitable Life Assurance Society. Other buildings were constructed at other corners of 17th Street such as the
Boston Building in 1890 and the Ideal Cement Building in 1907. By that time, 17th Street had begun to be referred to as the "Wall Street of the West." After the Colorado National Bank (First National Bank) was constructed in 1911, it reaffirmed its central business district's Wall Street status. 17th Street was also called the "Wall Street of the Rockies" at a later time as it attracted other premier financial institutions.
Los Angeles Los Angeles also picked up a share of financial companies starting in the early part of the 1900s. The new financial buildings were concentrating along South Spring Street. The title of "Wall Street of the West" was used and the
Spring Street Financial District was born. The district continued to flourish for many decades until the 1960s when companies started shifting toward the western part of the downtown area. By the early 1980s, partly due to bank mergers and consolidations, many buildings were empty and the Spring Street showed no sign of its past as one of the financial centers.
Fort Worth Fort Worth, Texas was known as the "Wall Street of the West" starting in the early 1900s similarly to Los Angeles's South Spring Street. However, it was not the financial companies that gave
Fort Worth Stockyards its Wall Street name, but the
livestock trading. In 1902, the Livestock Exchange Building was constructed to house many livestock commission companies,
telegraph offices, railroad offices and other support businesses. The business grew to the peak at 1944 which processed 5,277,496 head of livestock. After that year, the livestock exchange business started to decline until its low point in 1986. The Livestock Exchange Building is now a historical site. == References ==