In 1711, the New York City Common Council established an official municipal market at the foot of Wall Street, at its intersection with Pearl and Water Streets, for the hiring and sale of enslaved Africans and Native Americans. Known later as the Meal Market because grain was also traded there, it operated for over 50 years until 1762. By the 1730s, more than 40 percent of New York households held enslaved people, a higher share than any English colonial city except Charleston, and enslaved labor built much of the city's infrastructure, including the wall that gave Wall Street its name. A city historical marker was dedicated at the site in 2015.