Question: What city in Texas is home to an area that was once regarded as the “Wall Street of the Southwest”?
Answer: Galveston. The historic Strand business district, a five-block area along Avenue B in Galveston, was a bustling hub of economic activity for much of the nineteenth century, with major banks, trading firms, and shipping companies. In 1881, $38 million in merchandise was traded in the district. The devastating Galveston hurricane of 1900 destroyed several of the buildings in the area, prompting many businesses to relocate.
