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t. e. The economy of New York City encompasses the largest municipal and regional economy in the United States. In 2022, the New York metropolitan area generated a gross metropolitan product (GMP) of US$1.4trillion, [ 3] with a population of 23.6 million people. Anchored by Wall Street in Lower Manhattan, New York City has been characterized as ...
New York City has seen a cycle of modest boom and a bust in the 1980s, a major boom in the 1990s, and mixed prospects since then. This period has seen severe racial tension, a dramatic spike and fall of crime rates, and a major influx of immigrants growing the city's population past the eight million mark. The September 11 attacks on the World ...
The written history of New York City began with the first European explorer, the Italian Giovanni da Verrazzano in 1524. European settlement began with the Dutch in 1608 and New Amsterdam was founded in 1624. The "Sons of Liberty" campaigned against British authority in New York City, and the Stamp Act Congress of representatives from ...
The New York Stock Exchange ( NYSE, nicknamed " The Big Board ") [ 4] is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is the largest stock exchange in the world by market capitalization. [ 5][ 6][ 7] The NYSE trading floor is located at the New York Stock Exchange Building on 11 Wall Street and 18 ...
Category. v. t. e. Mulberry Street, on the Lower East Side, circa 1900. During the years of 1898–1945, New York City consolidated. New York City became the capital of national communications, trade, and finance, and of popular culture and high culture. More than one-fourth of the 300 largest corporations in 1920 were headquartered there.
In New York City, approximately 430,000 jobs were lost and there were $2.8 billion in lost wages over the three months following the 9/11 attacks. The economic effects were mainly focused on the city's export economy sectors. [ 17] The GDP for New York City was estimated to have declined by $30.3 billion over the last three months of 2001 and ...
The history of New York City (1855–1897) started with the inauguration in 1855 of Fernando Wood as the first mayor from Tammany Hall, an institution that dominated the city throughout this period. Reforms led to the New York City Police Riot of June 1857. There was chaos during the American Civil War, with major rioting in the New York Draft ...
A 1973 photo of New York City skyscrapers in smog. From November 23 to 26, 1966, New York City was covered by a major smog episode, filling the city's air with damaging levels of several toxic pollutants. The smog was caused by a combination of factors, including the use of coal-burning power plants, the heavy traffic on the city's roads, and ...