In 1792 the New York Stock Exchange was founded, in 1866 Central Park was completed, and by the first half of the 20th century, New York had become the center of international trade and industry.
On February 2, 1653, the city of New Amsterdam was founded in the USA by Dutch settlers, which was later renamed New York.
17th century
The first missions to what is now New York were in 1524 and 1609.
From 1610 Dutch traders began a lucrative fur trade with the native Indians of the area while the first settlers began to arrive in New York in 1624.
In 1626 the Dutch bought Manhattan Island from the Indians for $24 (today’s value) and thus more Dutch settled. This new colony was named New Amsterdam.
Over the years, the first hospital, the first school and the first prison were built. In 1652, a protective wall was built where the famous Wall Street is today.
The renaming to New York
In 1664 power passed from the Dutch to the English, who attacked the city and captured it bloodlessly. Then it was renamed New York in honor of the Duke of York, brother of the then King of England, who commanded the English Fleet.
In 1673 the colony again passed into the hands of the Dutch, but for a short time, as from 1674 New York was definitively in the hands of the English.
18th century
In the 18th century New York was heavily involved in the American Struggle for Independence where Americans resisted the English and their taxes. In 1783 the last Englishmen left New York, as America’s Independence was recognized.
From 1788 to 1790 New York was the capital of the (then) USA.
In 1792, the New York Stock Exchange was founded.
19th century – Immigration
At the beginning of the 19th century the city began to grow like never before. In 1811, streets were built throughout Manhattan and gradually New York became the center of the American state.
In the mid-19th century, plans began for a large central park, Central Park, which was completed in 1866.
In the second half of the 19th century, immigration to New York increased enormously. Mostly Irish, Italians and Germans immigrated with the hope of a better tomorrow. However, crime was high and the living conditions for the newly arrived settlers very bad.
20th century – The first skyscrapers and the crash
Already in the first half of the 20th century, New York became the center of international trade and industry. However, the global financial crisis of 1929, affected the city very deeply (crash). The unemployment rate rose to 25%.
The situation began to improve in 1933. Then the first skyscrapers began to be built.
After the Second World War, a new economic depression was observed. The middle class moved to the suburbs and industry declined.
After 1980 a great economic development began. Wall Street, as the city’s Stock Exchange, based on the street of the same name, is called, has once again become a world power.
With information from Wikipedia
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With a wealth of experience honed over 4+ years in journalism, I bring a seasoned voice to the world of news. Currently, I work as a freelance writer and editor, always seeking new opportunities to tell compelling stories in the field of world news.
