What are the origins of the Charging Bull statue, and what inspired its creation?

Detailed answer

The Charging Bull statue was created by Italian-American artist Arturo Di Modica in the late 1980s as a symbol of strength and resilience in the face of financial adversity. Di Modica was inspired to create the bull after the 1987 stock market crash, which he saw as a devastating blow to the global economy. He spent approximately $350,000 of his own money to design and cast the 7,100-pound bronze statue, which was initially intended to be a Christmas gift to the people of New York City, and was installed under a Christmas tree in front of the New York Stock Exchange on December 15, 1989, without any permission from the city.