There are varying accounts about how the Dutch-named "de Waalstraat" got its name. A generally accepted version is that the name of the street was derived from a wall (actually a wooden palisade) on the northern boundary of the New Amsterdam settlement, built to protect against Native Americans, pirates, and the British. A conflicting explanation is that Wall Street was named after Walloons— the Dutch name for a Walloon is Waal. Among the first settlers that embarked on the ship "Nieu Nederlandt" in 1624 were 30 Walloon families. While the Dutch word "wal" can be translated as "rampart", it only appeared as "de Walstraat" on English maps of New Amsterdam. However, even some English maps show the name as Waal Straat, and not as Wal Straat.
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