Broad Street, located between South Street and Wall Street in lower Manhattan, dates back to New Amsterdam in the 1600s, and bears much historical significance in New York City.
Broad Street was constructed in 1676 to replace the Broad Canal, a small inlet used by fruit and vegetable traders to sell their wares, in what was then New Amsterdam. It was paved over after most boats became too large to use it. The street still bears the name of the canal.
In the 1630s, the first ferry connecting Manhattan with Brooklyn was founded on the Broad Canal by Cornelis Dircksen. It connected Lower Manhattan to Joralemon Street in Brooklyn Heights. Later it moved to Fulton Street and became the Fulton Ferry.
The street, like the original Broad Canal, was mainly populated with small, residential buildings up until 1835, when the the Great Fire of New York City destroyed the original construction there.
Twenty-three Broad Street, at the corner of Wall Street and Broad has been home to the the J.P. Morgan & Co. Bank since the 1880s. Morgan demolished and rebuilt it in 1913 to create the building that stands there today.
Since 1903, Broad Street has been most significant for being the location of the current New York Stock Exchange, which is located at 18 Broad Street. Due to the location of the exchange, the present-day Broad Street has become a major financial hub in New York City.