Two major events were turning points in the earlier history of the Gulf Coast region. The first was the American Civil War, which caused severe damage to some economic sectors in the South, including the Gulf Coast. The second event was the Galveston Hurricane of 1900. At the end of the 19th century Galveston was, with New Orleans, one of the most developed cities in the region. The city had the third busiest port in the U.S. and its financial district was known as the "Wall Street of the South". The storm mostly destroyed the city, which has never regained its former glory, and set back development in the region.