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Unofficial: Wall Street BUY LOW, SELL HIGH- Extraordinary Popular Delusions and the Madness of Crowds book by Charles Mackay
Wall Street Tour

Financial Crisis : Extraordinary Popular Delusions and the Madness of Crowds

2 hour walking tour guided by Ex-Wall Streeter

The title of this tour is borrowed from the brilliant book of the same name written in 1841 by Charles Mackay. The book deals with 3 “delusions”: "National Delusions", "Peculiar Follies", and "Philosophical Delusions". While dealing with The Crusades, alchemy, witch-hunts and other follies, the parts that interest us most today are the economic bubbles he discussed -- in 1841 -- and the national delusions he chronicled. On this tour we learn about the most significant financial event since the Great Depression . 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. What mistakes lead to the collapse of some of the longest and most enduring financial institutions in America? And how can we avoid the same missteps in the future? We compare the 2008 Crisis ,to other financial disasters, we also explore the streets surrounding Wall Street some of the oldest in the city. They occupy a special significance in American history, as so much happened in just a few city blocks. From the first Dutch settlers to the high stakes action of the Stock Market, New York is a city built on commerce, and Wall Street is its heart.

10/27/2026
10/27/2026
10/20/2026
10/17/2026

One of America's most famous basketball teams is named after a Dutch historian who never existed.

In 1809, New York newspapers carried missing person notices for an elderly Dutch historian called Diedrich Knickerbocker.

He had supposedly vanished from his hotel, leaving a manuscript behind. Readers followed the story, and some city officials were worried enough to offer a reward.

But Knickerbocker did not exist. The notices were a hoax by writer Washington Irving, to promote his comic book A History of New York.

The book poked fun at the city's Dutch past, 'from the beginning of the world to the end of the Dutch dynasty'.

The name stuck. 'Knickerbocker' came to mean the descendants of New York's original Dutch settlers, and later New Yorkers in general.

In 1946, a new basketball team chose that name: the New York Knickerbockers. Today everyone calls them the Knicks.

The drawing shows Diedrich Knickerbocker as illustrator Felix O.C. Darley imagined him.

Did you know the Knicks owe their name to New York's Dutch past?

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