Tuesday, April 27, 2010

Tourism is vital to New York City


New York is the most populous city in the United States, and the center of the New York municipal area, which is one of the most populous metropolitan areas in the world. A leading global city, New York exerts a powerful influence over global commerce, finance, media, culture, art, fashion, research, education, and entertainment. As host of the United Nations Headquarters, it is also an important center for international affairs. The city is often referred to as New York City or the City of New York to distinguish it from the state of New York, of which it is a part.

New York was founded as a profitable trading post by the Dutch in 1624. The settlement was called New Amsterdam until 1664 when the colony came under English control. New York served as the capital of the United States from 1785 until 1790. It has been the country's largest city since 1790.

Many districts and landmarks in the city have become well known to outsiders. The Statue of Liberty greeted millions of immigrants as they came to America in the late 19th and early 20th centuries. Times Square, iconified as "The Crossroads of the World", is the brightly illuminated hub of the Broadway theater district and is one of the world's busiest pedestrian intersections. Wall Street, in Lower Manhattan, has been a premier global financial center since World War II and is home to the New York Stock Exchange, the world's largest stock exchange by market capitalization of its listed companies.