The economic collapse of 2008 was the most devastating shock suffered by the financial sector since the Great Depression. The effects of the recession were felt world-wide, yet the reasons behind it are still shaded in mystery. On this walking tour you’ll learn what mistakes lead to the collapse of some of the longest and most enduring financial institutions in America and how we can avoid the same missteps in the future.
Step behind the facade of Wall Street and learn the true stories of the collapse from the people who lived them. Your guises are all former traders, bankers and other with inside knowledge of the major players and events. They’ll explain the decisions made, using engaging visuals and clear language, and demystify the crash.
By the end of the tour, you’ll understand the dangerous methods that undermined the market and the reasons why they seemed so appealing.
What to Expect:
- A walking tour
- Get the truth about the financial collapse straight from Wall Street veterans
- Learn the difference between a CDO and a CDS, and how these two acronyms nearly destroyed the economy
- Hear what really brought down the “Too Big To Fail” organizations like Bear Stearns, Lehman, and AIG
- Discover the rich history of lower Manhattan, from the first Dutch settlers to the origin of a new nation
- See the New York Stock Exchange, Federal Hall, and The House of Morgan, and other famed architectural wonders
- Walk through the cobblestone streets of lower Manhattan and hear stories of great achievement and horrible tragedy.
- Pause for a photo with the famed Charging Bull and listen to the amusing tale of how it arrived on Wall Street.
What do I need to bring on the tour?
If the weather is cool you may want to bring warm clothes as this tour takes place outdoors. It can be particularly windy in downtown Manhattan. If the weather is warm, you may want to bring something to drink. Feel free to bring a camera.
Are there toilets available?
It is best to use the bathroom before the tour. There are no planned bathroom stops. However there are public restrooms along the way.
Does the show still go on if it rains?
Yes, the tour will go on unless severe weather prevents your enjoyment. If we cancel the tour, you can reschedule the tour. Please contact CityTour1 to find out if a tour is cancelled due to inclement weather. We will refund the ticket if they cancel the tour.
Are baby strollers and wheelchairs allowed?
Yes, they are allowed.
How much walking is there on the tour?
Approximately 1 mile or 1.6 kilometers over 2 hours for the Financial Crisis Tour. While there are no hills, there are some steps.
Where does the tour end?
The tour will end near our starting point.
What is the tipping or gratuities policy?
Tips are always appreciated by guides, but never expected. They should be given if you believe your guide did an outstanding job, and further, if you as an individual want to demonstrate your appreciation to the guide for that job well done.