End of an Era on Wall Street

October 4, 2008

By Tim Arango and Julie Creswell, The New York Times

Like any cultural force concerned about its legacy, the financial world has a custodian of its past. On Wall Street, it can be found at the Museum of American Finance, just a block from the New York Stock Exchange.

Located in a grand space once occupied by the Bank of New York, it features a long timeline charting major market events. The last event it notes is the popping of the dot-com bubble earlier this decade.

Robert E. Wright, a financial historian at New York University who is a curator of the museum, said that there were still many unknowns about how recent events would be recalled.

“If the economic system shuts down and we go in for a deep recession, it probably is the end of an era,” he said.

Hedging its bets, the museum has already started collecting mementos from the current crisis to post on its wall.