Bobby Jain: What Is Federal Hall?

By Jason McDonald


If you were to travel to the Financial District in New York City, there's a good chance that you'll come across many landmarks. One of the most iconic - perhaps the most iconic, depending on who you ask - is Federal Hall. To say that this Wall Street structure is historic would be an understatement, but what makes it so important to history? Here are a few details, provided by Bobby Jain, that will help you better understand Federal Hall as a while.

Federal Hall, once known as New York City's Hall, was built in 1700. During that time, it became the first United States capitol building, not to mention the site of many historic events throughout history. As Robert Jain and other authorities on finance will tell you, Federal Hall was where George Washington was inaugurated as the first President of the U.S. in 1789. Needless to say, this event alone would make this building historic.

Not long after Washington's inauguration, in 1791, the Bill of Rights was passed at Federal Hall. For those that may be hazy on their American history, the Bill of Rights contains the first ten amendments to the Constitution that we continue to enjoy today. Freedom of speech, for example, was made possible in the United States largely because of this document. This is another reason why Federal Hall boasts a tremendous level of importance.

Now that the original Federal Hall is no longer present, those that travel to the Financial District will be able to visit the Federal Hall National Memorial. If you're a history buff, you can learn more with the tour that the memorial in question offers. Even if you're not interested in learning, you can take a few pictures of the iconic bronze statue of George Washington, which is located on the steps of the hall. These are just a few reasons why this particular site is worth traveling to.

To say that there is history when it comes to Federal Hall would be an understatement. These are just a few reasons why, so it's in your best interest to learn more on your own time. If you're in the area, either as a New Yorker, vacationer, or what have you, the memorial located in the Financial District is a great place to brush up on your history. You might also find it to be a great place for photo opportunities, provided you don't mind the crowd.




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