Misplaced Pages

Kensington Roof Gardens

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
#666333

76-471: The Roof Gardens (formerly known as Kensington Roof Gardens ) is a private roof garden covering 6,000 square metres (65,000 sq ft) on top of the former Derry & Toms building on Kensington High Street in central London . Originally opened in 1938, the gardens were open to the public until January 2018 when the leaseholder, Virgin Limited Edition , was unable to reach an agreement with

152-420: A bare roof receives 100% direct exposure". The planters on a roof garden may be designed for a variety of functions and vary greatly in depth to satisfy aesthetic and recreational purposes. These planters can hold a range of ornamental plants: anything from trees, shrubs, vines, or an assortment of flowers. As aesthetics and recreation are the priority they may not provide the environmental and energy benefits of

228-612: A decade between Irish immigrants and Black people for work. Rioters burned the Colored Orphan Asylum to the ground. At least 120 people were killed. Eleven Black men were lynched over five days, and the riots forced hundreds of Blacks to flee. The Black population in Manhattan fell below 10,000 by 1865. The White working class had established dominance. It was one of the worst incidents of civil unrest in American history . In 1886,

304-451: A green roof are generally no more than a few centimeters up to 30 cm (a few inches up to a foot) in depth, since weight is an important factor when covering an entire roof surface. The plants that go into a green roof are usually sedum or other shallow-rooted plants that will tolerate the hot, dry, windy conditions that prevail in most rooftop gardens. With a green roof, "the plants' layer can shield off as much as 87% of solar radiation while

380-416: A green roof is not necessarily designed for this purpose. A green roof may not provide any recreational space and be constructed with an emphasis on improving the insulation or improving the overall energy efficiency and reducing the cooling and heating costs within a building. Green roofs may be extensive or intensive. The terms are used to describe the type of planting required. The panels that comprise

456-455: A green roof. [REDACTED] Media related to Roof gardens at Wikimedia Commons New York City New York , often called New York City or NYC , is the most populous city in the United States , located at the southern tip of New York State on one of the world's largest natural harbors . The city comprises five boroughs , each coextensive with a respective county . The city

532-574: A number of high-rise buildings that Nasir Khusraw in the early 11th century described as rising up to 14 stories, with roof gardens on the top story complete with ox-drawn water wheels for irrigating them. Among the Seven Wonders of the Ancient World , The Hanging Gardens of Babylon are often depicted as tall structures holding vegetation; even immense trees. In New York City between 1880 and Prohibition large rooftop gardens built included

608-524: A result of Sandy, and the economic losses in New York City were estimated to be roughly $ 19 billion. The disaster spawned long-term efforts towards infrastructural projects to counter climate change and rising seas, with $ 15 billion in federal funding received through 2022 towards those resiliency efforts. In March 2020, the first case of COVID-19 in the city was confirmed. With its population density and its extensive exposure to global travelers,

684-476: A speech denying the request, which was paraphrased on the front page of the New York Daily News as "FORD TO CITY: DROP DEAD." The Municipal Assistance Corporation was formed and granted oversight authority over the city's finances. While a resurgence in the financial industry greatly improved the city's economic health in the 1980s, New York's crime rate continued to increase through that decade and into

760-427: Is a garden on the roof of a building. Besides the decorative benefit, roof plantings may provide food, temperature control, hydrological benefits, architectural enhancement, habitats or corridors for wildlife, recreational opportunities, and in large scale it may even have ecological benefits. The practice of cultivating food on the rooftop of buildings is sometimes referred to as rooftop farming . Rooftop farming

836-432: Is active in green urban development. "Roof gardens present possibilities for carrying the notions of nature and open space further in tall building development." When surveyed, 80% of Singapore residents voted for more roof gardens to be implemented in the city's plans. Recreational reasons, such as leisure and relaxation, beautifying the environment, and greenery and nature, received the most votes. Planting roof gardens on

SECTION 10

#1732854786667

912-405: Is one of the world's most populous megacities . The city and its metropolitan area are the premier gateway for legal immigration to the United States . As many as 800 languages are spoken in New York City, making it the most linguistically diverse city in the world. In 2021, the city was home to nearly 3.1 million residents born outside the U.S., the largest foreign-born population of any city in

988-508: Is the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area , the largest metropolitan area in the U.S. by both population and urban area . New York is a global center of finance and commerce , culture , technology , entertainment and media , academics and scientific output , the arts and fashion , and, as home to the headquarters of

1064-830: Is usually done using green roof , hydroponics , aeroponics or air-dynaponics systems or container gardens . Humans have grown plants atop structures since the ziggurats of ancient Mesopotamia (4th millennium BC–600 BC) had plantings of trees and shrubs on aboveground terraces. An example in Roman times was the Villa of the Mysteries in Pompeii , which had an elevated terrace where plants were grown. A roof garden has also been discovered around an audience hall in Roman-Byzantine Caesarea . The medieval Egyptian city of Fustat had

1140-591: The American South . During construction in Foley Square in the 1990s, the African Burying Ground was discovered; the cemetery included 10,000 to 20,000 graves of colonial-era Africans, some enslaved and some free. The 1735 trial and acquittal in Manhattan of John Peter Zenger , who had been accused of seditious libel after criticizing colonial governor William Cosby , helped to establish freedom of

1216-837: The Atlantic port to the agricultural markets and commodities of the North American interior via the Hudson River and the Great Lakes . Local politics became dominated by Tammany Hall , a political machine supported by Irish and German immigrants . In 1831, New York University was founded. Several prominent American literary figures lived in New York during the 1830s and 1840s, including William Cullen Bryant , Washington Irving , Herman Melville , Rufus Wilmot Griswold , John Keese , Nathaniel Parker Willis , and Edgar Allan Poe . Members of

1292-664: The Bill of Rights there. The Supreme Court held its first organizational sessions in New York in 1790. In 1790, for the first time, New York City surpassed Philadelphia as the nation's largest city. At the end of 1790, the national capital was moved to Philadelphia . During the 19th century, New York City's population grew from 60,000 to 3.43 million. Under New York State's gradual emancipation act of 1799, children of slave mothers were to be eventually liberated but to be held in indentured servitude until their mid-to-late twenties. Together with slaves freed by their masters after

1368-697: The Caribbean . The attempt at a peaceful solution to the war took place at the Conference House on Staten Island between American delegates, including Benjamin Franklin , and British general Lord Howe on September 11, 1776. Shortly after the British occupation began, the Great Fire of New York destroyed nearly 500 buildings, about a quarter of the structures in the city, including Trinity Church . In January 1785,

1444-718: The Hotel Astor (New York City) , the American Theater on Eighth Avenue, the garden atop Stanford White 's 1890 Madison Square Garden , and the Paradise Roof Garden opened by Oscar Hammerstein I in 1900. Commercial greenhouses on rooftops have existed at least since 1969, when Terrestris rooftop nursery opened on 60th st. in New York City. In the 2010s, large commercial hydroponic rooftop farms were started by Gotham Greens , Lufa Farms , and others. Roof gardens are most often found in urban environments . Plants have

1520-857: The Hudson River , which he named Río de San Antonio ('Saint Anthony's River'). In 1609, the English explorer Henry Hudson rediscovered New York Harbor while searching for the Northwest Passage to the Orient for the Dutch East India Company . He sailed up what the Dutch called North River (now the Hudson River), named first by Hudson as the Mauritius after Maurice, Prince of Orange . Hudson claimed

1596-687: The Lower Hudson Valley . The first documented visit into New York Harbor by a European was in 1524 by explorer Giovanni da Verrazzano . He claimed the area for France and named it Nouvelle Angoulême (New Angoulême ). A Spanish expedition, led by the Portuguese captain Estêvão Gomes sailing for Emperor Charles V , arrived in New York Harbor in January 1525 and charted the mouth of

SECTION 20

#1732854786667

1672-699: The New York City Fire Department and 71 law enforcement officers. The area was rebuilt with a new World Trade Center , the National September 11 Memorial and Museum , and other new buildings and infrastructure, including the World Trade Center Transportation Hub , the city's third-largest hub. The new One World Trade Center is the tallest skyscraper in the Western Hemisphere and the seventh-tallest building in

1748-517: The Register of Historic Parks and Gardens . Virgin ceased its operation of the Roof Gardens in January 2018 and the site is currently closed to the public. Stephen Fitzpatrick, Founder of OVO Energy and Vertical Aerospace acquired the site in 2021 and will be re-opening The Roof Gardens as a three-storey social club in 2024. It is divided into three themed gardens: Roof garden A roof garden

1824-503: The Statue of Liberty , a gift from France , was dedicated in New York Harbor. The statue welcomed 14 million immigrants as they came to the U.S. via Ellis Island by ship in the late 19th and early 20th centuries, and is a symbol of the United States and American ideals of liberty and peace. In 1898, the City of New York was formed with the consolidation of Brooklyn (until then a separate city),

1900-683: The Stonewall riots were a series of violent protests by members of the gay community against a police raid that took place in the early morning of June 28, 1969, at the Stonewall Inn in Greenwich Village . They are widely considered to be the single most important event leading to the gay liberation movement and the modern fight for LGBT rights . Wayne R. Dynes , author of the Encyclopedia of Homosexuality , wrote that drag queens were

1976-586: The steamship General Slocum caught fire in the East River , killing 1,021 people. In 1911, the Triangle Shirtwaist Factory fire , the city's worst industrial disaster, killed 146 garment workers and spurred the growth of the International Ladies' Garment Workers' Union and major improvements in factory safety standards. New York's non-White population was 36,620 in 1890. New York City

2052-525: The 19th century, the city was transformed by both commercial and residential development relating to its status as a national and international trading center , as well as by European immigration, respectively. The city adopted the Commissioners' Plan of 1811 , which expanded the city street grid to encompass almost all of Manhattan. The 1825 completion of the Erie Canal through central New York connected

2128-676: The Continental Army at the Battle of Fort Washington in November 1776 eliminated the last American stronghold in Manhattan, causing George Washington and his forces to retreat across the Hudson River to New Jersey , pursued by British forces. After the battle, in which the Americans were defeated, the British made the city their military and political base of operations in North America. The city

2204-558: The County of New York (which then included parts of the Bronx), the County of Richmond, and the western portion of the County of Queens. The opening of the New York City Subway in 1904, first built as separate private systems, helped bind the new city together. Throughout the first half of the 20th century, the city became a world center for industry, commerce, and communication. In 1904,

2280-618: The Duke of York (the future King James II and VII). The duke gave part of the colony to proprietors George Carteret and John Berkeley . On August 24, 1673, during the Third Anglo-Dutch War , Anthony Colve of the Dutch navy seized New York at the behest of Cornelis Evertsen the Youngest and rechristened it "New Orange" after William III , the Prince of Orange . The Dutch soon returned

2356-683: The Dutch West India Company had operated as a monopoly in New Netherland, on authority granted by the Dutch States General . In 1639–1640, in an effort to bolster economic growth, the Dutch West India Company relinquished its monopoly over the fur trade, leading to growth in the production and trade of food, timber, tobacco, and slaves (particularly with the Dutch West Indies ). In 1647, Peter Stuyvesant began his tenure as

Kensington Roof Gardens - Misplaced Pages Continue

2432-405: The New York metropolitan area is the largest metropolitan economy in the world , with a gross metropolitan product of over US$ 2.16 trillion. If the New York metropolitan area were its own country , it would have the tenth-largest economy in the world . Despite having a 24/7 rapid transit system , New York also leads the world in urban automobile traffic congestion . The city is home to

2508-699: The Revolutionary War and escaped slaves, a significant free-Black population gradually developed in Manhattan. The New York Manumission Society worked for abolition and established the African Free School to educate Black children. It was not until 1827 that slavery was completely abolished in the state . Free Blacks struggled with discrimination and interracial abolitionist activism continued. New York City's population jumped from 123,706 in 1820 (10,886 of whom were Black and of which 518 were enslaved) to 312,710 by 1840 (16,358 of whom were Black). Also in

2584-554: The United Nations , international diplomacy . With an estimated population in 2023 of 8,258,035 distributed over 300.46 square miles (778.2 km ), the city is the most densely populated major city in the United States. New York City has more than double the population of Los Angeles , the nation's second-most populous city. With more than 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York City

2660-444: The ability to reduce the overall heat absorption of the building which then reduces energy consumption for cooling. "The primary cause of heat build-up in cities is insolation , the absorption of solar radiation by roads and buildings in the city and the storage of this heat in the building material and its subsequent re-radiation. Plant surfaces however, as a result of transpiration, do not rise more than 4–5 °C (7–9 °F) above

2736-654: The ambient and are sometimes cooler." This then translates into a cooling of the environment between 3.6–11.3 °C (6.5–20.3 °F), depending on the area on earth (in hotter areas, the environmental temperature will cool more). The study was performed by the University of Cardiff. A study at the National Research Council of Canada showed the differences between roofs with gardens and roofs without gardens against temperature. The study shows temperature effects on different layers of each roof at different times of

2812-636: The assembly of the Congress of the Confederation made New York City the national capital. New York was the last capital of the U.S. under the Articles of Confederation and the first capital under the Constitution of the United States . As the U.S. capital, New York City hosted the inauguration of the first President, George Washington , and the first Congress , at Federal Hall on Wall Street . Congress drafted

2888-543: The beginning of the 1990s. By the mid-1990s, crime rates started to drop dramatically due to revised police strategies, improving economic opportunities, gentrification , and new residents, both American transplants and new immigrants from Asia and Latin America. New York City's population exceeded 8 million for the first time in the 2000 United States census ; further records were set in 2010 , and 2020 U.S. censuses. Important new sectors, such as Silicon Alley , emerged in

2964-583: The business elite lobbied for the establishment of Central Park , which in 1857 became the first landscaped park in an American city. The Great Irish Famine brought a large influx of Irish immigrants, of whom more than 200,000 were living in New York by 1860, representing over a quarter of the city's population. Extensive immigration from the German provinces meant that Germans comprised another 25% of New York's population by 1860. Democratic Party candidates were consistently elected to local office, increasing

3040-605: The city from New Jersey. The East River—a tidal strait —flows from Long Island Sound and separates the Bronx and Manhattan from Long Island. The Harlem River , another tidal strait between the East and Hudson rivers, separates most of Manhattan from the Bronx. The Bronx River , which flows through the Bronx and Westchester County , is the only entirely freshwater river in the city. The city's land has been altered substantially by human intervention, with considerable land reclamation along

3116-439: The city rapidly replaced Wuhan , China as the global epicenter of the pandemic during the early phase, straining the city's healthcare infrastructure. Through March 2023, New York City recorded more than 80,000 deaths from COVID-19-related complications. New York City is situated in the northeastern United States , in southeastern New York State, approximately halfway between Washington, D.C. and Boston . Its location at

Kensington Roof Gardens - Misplaced Pages Continue

3192-613: The city's economy. The advent of Y2K was celebrated with fanfare in Times Square . New York City suffered the bulk of the economic damage and largest loss of human life in the aftermath of the September 11, 2001, attacks . Two of the four airliners hijacked that day were flown into the twin towers of the World Trade Center, resulting in the collapse of both buildings and the deaths of 2,753 people, including 343 first responders from

3268-776: The city's ties to the South and its dominant party. In 1861, Mayor Fernando Wood called on the aldermen to declare independence from Albany and the United States after the South seceded, but his proposal was not acted on. Anger at new military conscription laws during the American Civil War (1861–1865), which spared wealthier men who could afford to hire a substitute, led to the Draft Riots of 1863 , whose most visible participants were ethnic Irish working class. The draft riots deteriorated into attacks on New York's elite, followed by attacks on Black New Yorkers after fierce competition for

3344-485: The day. Roof gardens are obviously very beneficial in reducing the effects of temperature against roofs without gardens. “If widely adopted, rooftop gardens could reduce the urban heat island , which would decrease smog episodes, problems associated with heat stress and further lower energy consumption.” Aside from rooftop gardens providing resistance to thermal radiation, rooftop gardens are also beneficial in reducing rain run off. A roof garden can delay run off; reduce

3420-417: The development of large housing tracts in eastern Queens and Nassau County , with Wall Street leading America's place as the world's dominant economic power. The United Nations headquarters was completed in 1952, solidifying New York's global geopolitical influence, and the rise of abstract expressionism in the city precipitated New York's displacement of Paris as the center of the art world. In 1969,

3496-418: The early 18th century, New York grew in importance as a trading port while as a part of the colony of New York . It became a center of slavery , with 42% of households enslaving Africans by 1730. Most were domestic slaves ; others were hired out as labor. Slavery became integrally tied to New York's economy through the labor of slaves throughout the port, and the banking and shipping industries trading with

3572-558: The former territory of New Netherland , including the city of New Amsterdam , when the Kingdom of England seized it from Dutch control. In the pre-Columbian era , the area of present-day New York City was inhabited by Algonquians , including the Lenape . Their homeland, known as Lenapehoking , included the present-day areas of Staten Island , Manhattan , the Bronx , the western portion of Long Island (including Brooklyn and Queens ), and

3648-419: The freeholder about renewal of the lease. Derry and Toms new Art Deco department store was opened in 1933. The gardens were laid out between 1936 and 1938 by Ralph Hancock , a landscape architect who had just created the "Gardens of the Nations" on the 11th floor of the RCA Building in New York, on the instructions of Trevor Bowen (then vice-president of Barkers , the department store giant that owned

3724-410: The ice (and its subsequent retreat) contributed to the separation of what is now Long Island and Staten Island. That action left bedrock at a relatively shallow depth, providing a solid foundation for most of Manhattan's skyscrapers. The Hudson River flows through the Hudson Valley into New York Bay . Between New York City and Troy, New York , the river is an estuary . The Hudson River separates

3800-448: The island to England under the Treaty of Westminster of November 1674. Several intertribal wars among the Native Americans and epidemics brought on by contact with the Europeans caused sizeable population losses for the Lenape between 1660 and 1670. By 1700, the Lenape population had diminished to 200. New York experienced several yellow fever epidemics in the 18th century, losing ten percent of its population in 1702 alone. In

3876-599: The last Director-General of New Netherland. During his tenure, the population of New Netherland grew from 2,000 to 8,000. Stuyvesant has been credited with improving law and order; however, he earned a reputation as a despotic leader. He instituted regulations on liquor sales, attempted to assert control over the Dutch Reformed Church , and blocked other religious groups from establishing houses of worship. In 1664, unable to summon any significant resistance, Stuyvesant surrendered New Amsterdam to English troops, led by Colonel Richard Nicolls , without bloodshed. The terms of

SECTION 50

#1732854786667

3952-433: The lease to the roof garden and the pavilion, and in 2001 Virgin turned the pavilion into the Babylon restaurant. The more than 100 trees in the garden were given a tree preservation order by Kensington & Chelsea council in 1976, the roof garden buildings were Grade II* listed by English Heritage in 1981 as part of a listing given the whole building, and the garden itself was given a Grade II listing in 1998 within

4028-545: The local population as a representative of the Dutch colonists. A permanent European presence near New York Harbor was established in 1624, making New York the 12th-oldest continuously occupied European-established settlement in the continental United States , with the founding of a Dutch fur trading settlement on Governors Island . In 1625, construction was started on a citadel and Fort Amsterdam , later called Nieuw Amsterdam (New Amsterdam), on present-day Manhattan Island. The colony of New Amsterdam extended from

4104-419: The most populous urbanized area in the world in the early 1920s, overtaking London . The metropolitan area surpassed 10 million in the early 1930s, becoming the first megacity . The Great Depression saw the election of reformer Fiorello La Guardia as mayor and the fall of Tammany Hall after eighty years of political dominance. Returning World War II veterans created a post-war economic boom and

4180-437: The mouth of the Hudson River , which feeds into a naturally sheltered harbor and then into the Atlantic Ocean , has helped the city grow in significance as a trading port. Most of the city is built on the three islands of Long Island, Manhattan, and Staten Island. During the Wisconsin glaciation , 75,000 to 11,000 years ago, the New York City area was situated at the edge of a large ice sheet . The erosive forward movement of

4256-445: The only " transgender folks around" during the June 1969 Stonewall riots. The transgender community in New York City played a significant role in fighting for LGBT equality. In the 1970s, job losses due to industrial restructuring caused New York City to suffer from economic problems and rising crime rates. Growing fiscal deficits in 1975 led the city to appeal to the federal government for financial aid; President Gerald Ford gave

4332-429: The press in North America . In 1754, Columbia University was founded. The Stamp Act Congress met in New York in October 1765, as the Sons of Liberty organization emerged in the city and skirmished over the next ten years with British troops stationed there. The Battle of Long Island , the largest battle of the American Revolutionary War , was fought in August 1776 within modern-day Brooklyn. A British rout of

4408-441: The rate and volume of run off. “As cities grow, permeable substrates are replaced by impervious structures such as buildings and paved roads. Storm water run-off and combined sewage overflow events are now major problems for many cities in North America. A key solution is to reduce peak flow by delaying (e.g., control flow drain on roofs) or retaining run-off (e.g., rain detention basins). Rooftop gardens can delay peak flow and retain

4484-430: The recycling of wastes through composting. Becoming green is a high priority for urban planners. The environmental and aesthetic benefits to cities are the prime motivation. It was calculated that the temperature in Tokyo could be lowered by 0.11–0.84 °C (0.20–1.51 °F) if 50% of all available rooftop space were planted with greenery. This would lead to savings of approximately 100 million yen. Singapore

4560-402: The region for the Dutch East India Company. In 1614, the area between Cape Cod and Delaware Bay was claimed by the Netherlands and called Nieuw-Nederland (' New Netherland '). The first non–Native American inhabitant of what became New York City was Juan Rodriguez , a merchant from Santo Domingo who arrived in Manhattan during the winter of 1613–14, trapping for pelts and trading with

4636-483: The roof's waterproofing. One high-profile example of a building with a roof garden is Chicago City Hall. For those who live in small apartments with little space, square foot gardening , or (when even less space is available) green walls (vertical gardening) can be a solution. These use much less space than traditional gardening. These also encourage environmentally responsible practices, eliminating tilling, reducing or eliminating pesticides, and weeding, and encouraging

SECTION 60

#1732854786667

4712-407: The run-off for later use by the plants.” “In an accessible rooftop garden, space becomes available for localized small-scale urban agriculture, a source of local food production. An urban garden can supplement the diets of the community it feeds with fresh produce and provide a tangible tie to food production.” At Trent University , there is currently a working rooftop garden which provides food to

4788-424: The site and constructed the building). They cost £25,000 to create and visitors were charged 1 shilling to enter. Money raised was donated to local hospitals and £120,000 was raised during the next 30 years. The building housed the department store Derry and Toms until 1973, and then Biba until 1975. In 1978, the garden's Art Deco tea pavilion was redeveloped into a nightclub, in 1981 Virgin Limited Edition bought

4864-480: The southern tip of Manhattan to modern-day Wall Street , where a 12-foot (3.7 m) wooden stockade was built in 1653 to protect against Native American and English raids. In 1626, the Dutch colonial Director-General Peter Minuit , as charged by the Dutch West India Company , purchased the island of Manhattan from the Canarsie , a small Lenape band, for "the value of 60 guilders " (about $ 900 in 2018). A frequently told but disproved legend claims that Manhattan

4940-541: The student café and local citizens. Available gardening areas in cities are often seriously lacking, which is likely the key impetus for many roof gardens. The garden may be on the roof of an autonomous building which takes care of its own water and waste. Hydroponics and other alternative methods can expand the possibilities of roof top gardening by reducing, for example, the need for soil or its tremendous weight. Plantings in containers are used extensively in roof top gardens. Planting in containers prevents added stress to

5016-433: The surrender permitted Dutch residents to remain in the colony and allowed for religious freedom. In 1667, during negotiations leading to the Treaty of Breda after the Second Anglo-Dutch War , the victorious Dutch decided to keep the nascent plantation colony of what is now Suriname , which they had gained from the English, and in return the English kept New Amsterdam. The settlement was promptly renamed "New York" after

5092-568: The tops of buildings is a way to make cities more efficient. A roof garden can be distinguished from a green roof , although the two terms are often used interchangeably. The term roof garden is well suited to roof spaces that incorporate recreation, and entertaining and provide additional outdoor living space for the building's residents. It may include planters, plants, dining and lounging furniture, outdoor structures such as pergolas and sheds, and automated irrigation and lighting systems. Although they may provide aesthetic and recreational benefits

5168-415: The world by pinnacle height, with its spire reaching a symbolic 1,776 feet (541.3 m), a reference to the year of U.S. independence . The Occupy Wall Street protests in Zuccotti Park in the Financial District of Lower Manhattan began on September 17, 2011, receiving global attention and popularizing the Occupy movement against social and economic inequality worldwide. New York City

5244-418: The world's two largest stock exchanges by market capitalization of their listed companies: the New York Stock Exchange and Nasdaq . New York City is an established safe haven for global investors. As of 2023 , New York City is the most expensive city in the world for expatriates and has by a wide margin the highest U.S. city residential rents; and Fifth Avenue is the most expensive shopping street in

5320-475: The world. New York City traces its origins to Fort Amsterdam and a trading post founded on Manhattan Island by Dutch colonists around 1624. The settlement was named New Amsterdam in 1626 and was chartered as a city in 1653. The city came under English control in 1664 and was temporarily renamed New York after King Charles II granted the lands to his brother, the Duke of York , before being permanently renamed New York in November 1674. New York City

5396-402: The world. New York City is home by a significant margin to the highest number of billionaires , individuals of ultra-high net worth (greater than US$ 30 million), and millionaires of any city in the world. In 1664, New York was named in honor of the Duke of York (later King James II of England ). James's elder brother, King Charles II , appointed the Duke as proprietor of

5472-552: Was heavily affected by Hurricane Sandy in late October 2012. Sandy's impacts included flooding that led to the days-long shutdown of the subway system and flooding of all East River subway tunnels and of all road tunnels entering Manhattan except the Lincoln Tunnel . The New York Stock Exchange closed for two days due to weather for the first time since the Great Blizzard of 1888 . At least 43 people died in New York City as

5548-525: Was a haven for Loyalist refugees and escaped slaves who joined the British lines for freedom promised by the Crown , with as many as 10,000 escaped slaves crowded into the city during the British occupation, the largest such community on the continent. When the British forces evacuated New York at the close of the war in 1783, they transported thousands of freedmen for resettlement in Nova Scotia , England, and

5624-525: Was a prime destination in the early 20th century for Blacks during the Great Migration from the American South, and by 1916, New York City had the largest urban African diaspora in North America. The Harlem Renaissance of literary and cultural life flourished during the era of Prohibition . The larger economic boom generated construction of skyscrapers competing in height. New York City became

5700-415: Was purchased for $ 24 worth of glass beads. Following the purchase, New Amsterdam grew slowly. To attract settlers, the Dutch instituted the patroon system in 1628, whereby wealthy Dutchmen ( patroons , or patrons) who brought 50 colonists to New Netherland would be awarded land, local political autonomy, and rights to participate in the lucrative fur trade. This program had little success. Since 1621,

5776-477: Was the U.S. capital from 1785 until 1790. The modern city was formed by the 1898 consolidation of its five boroughs : Manhattan , Brooklyn , Queens , the Bronx , and Staten Island . Anchored by Wall Street in the Financial District, Manhattan , New York City has been called both the world's premier financial and fintech center and the most economically powerful city in the world. As of 2022 ,

#666333