103-456: (Redirected from United States Bank ) Bank of the United States may refer to: First Bank of the United States (1791–1811) Second Bank of the United States (1816–1836) Bank of United States (1913–1930), a commercial bank not affiliated with the government Bank of the United States (Charleston, South Carolina) , in
206-729: A 24-hour particle pollution rating of D in the American Lung Association 's 2017 State of the Air report, which analyzed data from 2013 to 2015. The city was ranked 22nd for ozone, 20th for short-term particle pollution, and 11th for year-round particle pollution. According to the same report, the city experienced a significant reduction in high ozone days since 2001—from nearly 50 days per year to fewer than 10—along with fewer days of high particle pollution since 2000—from about 19 days per year to about 3—and an approximate 30% reduction in annual levels of particle pollution since 2000. Five of
309-495: A bachelor's degree or higher. 23.9% spoke a language other than English at home, the most common of which was Spanish (10.8%). 15.0% of the populations foreign born, roughly half of whom are naturalized U.S. citizens. 3.7% of the population are veterans. The median household income was $ 52,889 and 22.8% of the population lived in poverty. 49.5% of the population drove alone to work, while 23.2% used public transit, 8.2% carpooled, 7.9% walked, and 7.0% worked from home. The average commute
412-403: A budget of $ 371 million. The Philadelphia Parking Authority is responsible for ensuring adequate parking for city residents, businesses, and visitors. Philadelphia's architectural history dates back to colonial times and includes a wide range of styles. The earliest structures were constructed with logs , but brick structures were common by 1700. During the 18th century, the cityscape
515-467: A city on the Delaware River to serve as a port and place for government. Hoping that Philadelphia would become more like an English rural town instead of a city, Penn laid out roads on a grid plan to keep houses and businesses spread far apart with areas for gardens and orchards . The city's inhabitants did not follow Penn's plans, however, and instead crowded the present-day Port of Philadelphia on
618-500: A financial services company Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title Bank of the United States . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Bank_of_the_United_States&oldid=1109316678 " Category : Disambiguation pages Hidden categories: Short description
721-492: A grid pattern between the Delaware and Schuylkill rivers that is aligned with their courses. The original city plan was designed to allow for easy travel and to keep residences separated by open space that would help prevent the spread of fire. In keeping with the idea of a "Greene Countrie Towne", and inspired by the many types of trees that grew in the region, Penn named many of the east–west streets for local trees. Penn planned
824-706: A growth in its population in 2007, which continued with incremental annual increases through the present. A migration pattern has been established from New York City to Philadelphia by residents opting for a large city with relative proximity and a lower cost of living . Philadelphia's geographic center is about 40° 0′ 34″ north latitude and 75° 8′ 0″ west longitude. The 40th parallel north passes through neighborhoods in Northeast Philadelphia , North Philadelphia , and West Philadelphia including Fairmount Park . The city encompasses 142.71 square miles (369.62 km ), of which 134.18 square miles (347.52 km )
927-622: A joint effort between former mayors John F. Street and Michael Nutter . The zoning changes were intended to rectify incorrect zoning maps to facilitate future community development, as the city forecasts an additional 100,000 residents and 40,000 jobs will be added by 2035. The Philadelphia Housing Authority (PHA) is the largest landlord in Pennsylvania. Established in 1937, the PHA is the nation's fourth-largest housing authority, serving about 81,000 people with affordable housing, while employing 1,400 on
1030-601: A moderately sunny climate with an average of 2,498 hours of sunshine annually. The percentage of sunshine ranges from 47% in December to 61% in June, July, and August. The January daily average temperature is 33.7 °F (0.9 °C). The temperature frequently rises to 50 °F (10 °C) during thaws. July averages 78.7 °F (25.9 °C). Heat waves accompanied by high humidity and heat indices are frequent, with highs reaching or exceeding 90 °F (32 °C) on 30 days of
1133-436: A national bank, Hamilton's other measures included an assumption of the state war debts by the U.S. government, establishment of a mint and imposition of a federal excise tax. The goals of Hamilton's measures were to: In simpler words, Hamilton's four goals were to: The tendency of a national bank is to increase public and private credit. The former gives power to the state for the protection of its rights and interests, and
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#17328454039141236-461: A suggestion he had made nearly a year before—increase the duty on imported spirits, plus raise the excise tax on domestically distilled whiskey and other liquors. Local opposition to the tax led to the Whiskey Rebellion . Jefferson's views: "Hamilton's financial system had then passed. It had two objects; 1st, like a puzzle, to exclude popular understanding and inquiry; 2nd, as a machine for
1339-794: A time, row houses built elsewhere in the United States were known as "Philadelphia rows". A variety of row houses are found throughout the city, from Federal-style continuous blocks in Old City and Society Hill to Victorian-style homes in North Philadelphia to twin row houses in West Philadelphia . While newer homes have been built recently, much of the housing dates to the 18th, 19th, and early 20th centuries, which has created problems such as urban decay and vacant lots. Some neighborhoods, including Northern Liberties and Society Hill, have been rehabilitated through gentrification . As of 2014 ,
1442-636: A town in Finland with a Swedish majority. In 1655, a Dutch military campaign led by New Netherland Director-General Peter Stuyvesant took control of the Swedish colony, ending its claim to independence. The Swedish and Finnish people settlers continued to have their own militia , religion, and court, and to enjoy substantial autonomy under the Dutch. An English fleet captured the New Netherland colony in 1664, though
1545-632: Is different from Wikidata All article disambiguation pages All disambiguation pages First Bank of the United States The President, Directors and Company of the Bank of the United States , commonly known as the First Bank of the United States , was a national bank , chartered for a term of twenty years, by the United States Congress on February 25, 1791. It followed
1648-461: Is highly variable. Some winters have only light snow while others include major snowstorms. The normal seasonal snowfall averages 22.4 in (57 cm), with rare snowfalls in November or April, and rarely any sustained snow cover. Seasonal snowfall accumulation has ranged from trace amounts in 1972–73, to 78.7 inches (200 cm) in the winter of 2009–10. The city's heaviest single-storm snowfall
1751-487: Is home to five Fortune 500 corporate headquarters. Metropolitan Philadelphia ranks as one of the Big Five U.S. venture capital hubs, facilitated by its geographic proximity to both the entrepreneurial and financial ecosystems of New York City and to the federal regulatory environment of Washington, D.C. Greater Philadelphia is also a biotechnology hub. The Philadelphia Stock Exchange , owned by Nasdaq since 2008,
1854-639: Is land and 8.53 square miles (22.09 km ), or 6%, is water. Natural bodies of water include the Delaware and Schuylkill rivers, lakes in Franklin Delano Roosevelt Park , and Cobbs , Wissahickon , and Pennypack creeks. The largest artificial body of water is East Park Reservoir in Fairmount Park . The lowest point is sea level and the highest point is in Chestnut Hill , about 446 feet (136 m) above sea level on Summit Street near
1957-495: Is often ranked as the nation's best city for professional sports fans. The city has a culturally and philanthropically active LGBTQ+ community . Philadelphia also has played an immensely influential historic and ongoing role in the development and evolution of American music, especially R&B , soul , and rock . As of 2022 , the Philadelphia metropolitan area had a gross metropolitan product of US$ 518.5 billion and
2060-578: Is one of the largest contiguous urban park areas in the U.S. The two parks, along with the Colonial Revival , Georgian and Federal -style mansions in them, have been listed as one entity on the National Register of Historic Places since 1972. Within the Köppen climate classification , Philadelphia falls under the northern periphery of the humid subtropical climate zone (Köppen Cfa ). Within
2163-433: Is the nation's oldest stock exchange and a global leader in options trading. 30th Street Station , the city's primary rail station, is the third-busiest Amtrak hub in the nation, and the city's multimodal transportation and logistics infrastructure also includes Philadelphia International Airport , a major transatlantic gateway and transcontinental hub; the rapidly-growing PhilaPort seaport ; and Interstate 95 ,
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#17328454039142266-456: The 2020 U.S. Census , there were 1,603,797 people residing in Philadelphia, representing a 1.2% increase from the 2019 census estimate. The racial composition of the city was 39.3% Black alone (42.0% Black alone or in combination), 36.3% White alone (41.9% White alone or in combination), 8.7% Asian alone, 0.4% American Indian and Alaska Native alone, 8.7% some other race, and 6.9% multiracial. 14.9% of residents were Hispanic or Latino. 34.8% had
2369-494: The Bank of North America , the nation's first de facto national bank. However, neither served the functions of a modern central bank : They did not set monetary policy , regulate private banks, hold their excess reserves , or act as a lender of last resort . They were national insofar as they were allowed to have branches in multiple states and lend money to the US government. Other banks in
2472-813: The Battle of Brandywine in Chadds Ford Township , on September 11, 1777, during the Philadelphia campaign , the revolutionary capital of Philadelphia was defenseless and the city prepared for what was perceived to be an inevitable British attack. Because bells could easily be recast into munitions, the Liberty Bell , then known as the Pennsylvania State Bell, and bells from two Philadelphia churches, Christ Church and St. Peter's Church , were hastily taken down and transported by heavily guarded wagon train out of
2575-612: The British Army , which was then the world's most powerful military force. Since the Declaration's July 4, 1776, adoption, its signing has been cited globally and repeatedly by various peoples of the world seeking independence and liberty. It also has been, since its adoption, the basis for annual celebration by Americans; in 1938, this celebration of the Declaration was formalized as Independence Day , one of only eleven designated U.S. federal holidays . After George Washington 's defeat at
2678-612: The Charleston Historic District See also [ edit ] Independent Treasury (1846–1921), a system for the retaining of government funds in the United States Department of the Treasury and its subtreasuries Federal Reserve System (1913–present), a system of banks controlling access to currency U.S. Bank , a commercial bank not affiliated with the government Bank of America ,
2781-594: The Delaware River watershed , western Long Island , and the Lower Hudson Valley . Most Lenape were pushed out of the region during the 18th century by expanding European colonies, exacerbated by losses from intertribal conflicts. Lenape communities were weakened by newly introduced diseases, mainly smallpox , and conflict with Europeans. The Iroquois occasionally fought the Lenape. Surviving Lenape moved west into
2884-667: The Eastern Mediterranean during the Greek and Roman periods, including modern Alaşehir , mentioned as the site of an early Christian congregation in the Book of Revelation . As a Quaker , Penn had experienced religious persecution and wanted his colony to be a place where anyone could worship freely. This tolerance, which exceeded that of other colonies, led to better relations with the local native tribes and fostered Philadelphia's rapid growth into America's most important city. Penn planned
2987-566: The Great Migration from the South . By the 20th century, Philadelphia had an entrenched Republican political machine and a complacent population. In 1910, a general strike shut down the entire city. In 1917, following outrage over the election-year murder of a Philadelphia police officer, led to the shrinking of the City Council from two houses to just one. In July 1919, Philadelphia
3090-666: The Second Continental Congress , which adopted the Declaration of Independence in what was then called the Pennsylvania State House and was later renamed Independence Hall. Historian Joseph Ellis , in 2007, described the Declaration of Independence, written predominantly by Thomas Jefferson , as "the most potent and consequential words in American history," and its adoption represented a declaration of war against
3193-475: The Trewartha climate classification , Philadelphia has a temperate maritime climate ( Do ) limited to the north by the continental climate ( Dc ). Summers are typically hot and muggy. Fall and spring are generally mild, and winter is moderately cold. The plant life hardiness zones are 7a and 7b, reflecting an average annual extreme minimum temperature between 0 and 10 °F (−18 and −12 °C). Snowfall
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3296-448: The world's 54th-largest urban park . Philadelphia is known for its arts, culture , cuisine , and colonial and Revolutionary-era history; in 2016, it attracted 42 million domestic tourists who spent $ 6.8 billion, representing $ 11 billion in economic impact to the city and its surrounding Pennsylvania counties. With five professional sports teams and one of the nation's most loyal and passionate fan bases, Philadelphia
3399-595: The "Bank of Stephen Girard." Girard was the sole proprietor of his bank, and thus avoided the Pennsylvania state law which prohibited an unincorporated association of persons from establishing a bank, and which required a charter from the legislature for a banking corporation. The First Bank of the United States was established in Philadelphia , Pennsylvania , while the city served as the national capital, from 1790 to 1800. The bank began operations in Carpenters' Hall in 1791, some 200 feet from its permanent home. Design of
3502-490: The 1980s. Historic areas such as Old City and Society Hill were renovated during the reformist mayoral era of the 1950s through the 1980s, making both areas among the most desirable Center City neighborhoods. Immigrants from around the world began to enter the U.S. through Philadelphia as their gateway, leading to a reversal of the city's population decline between 1950 and 2000, during which it lost about 25 percent of its residents. Philadelphia eventually began experiencing
3605-649: The 2 square miles (5.2 km ) of Center City to the roughly 134 square miles (350 km ) of Philadelphia County . In the latter half of the 19th century and leading into the 20th century, immigrants from Russia, Eastern Europe, and Italy, and African Americans from the southern U.S. settled in the city. Philadelphia was represented by the Washington Grays in the American Civil War . The African-American population of Philadelphia increased from 31,699 to 219,559 between 1880 and 1930, largely stemming from
3708-501: The Delaware River and subdivided and resold their lots. Before Penn left Philadelphia for the final time, he issued the Charter of 1701 establishing it as a city. Though poor at first, Philadelphia became an important trading center with tolerable living conditions by the 1750s. Benjamin Franklin , a leading citizen, helped improve city services and founded new ones that were among the first in
3811-565: The First Bank of the United States, as cashier of the new bank, and with seven other employees, opened for business on May 18, 1812. He allowed the Trustees of the First Bank of the United States to use some offices and space in the vaults to continue the process of winding down the affairs of the closed bank at a nominal rent. Over its early history the bank was known as "Girard's Bank," or as "Girard Bank" or also as "Stephen Girard's Bank" or even
3914-456: The Philadelphia metropolitan area, the nation's eighth-largest metropolitan area and seventh-largest combined statistical area with 6.245 million residents and 7.366 million residents, respectively. Philadelphia has played an extensive role in United States history . The city was founded in 1682 by William Penn , an English Quaker and advocate of religious freedom , and served as
4017-753: The Second Continental Congress adopted the Articles of Confederation on November 15, 1777, and the city later served as the meeting place for the Constitutional Convention , which ratified the Constitution in Independence Hall in Philadelphia on September 17, 1787. Philadelphia served as capital of the United States for much of the colonial and early post-colonial periods, including for a decade, from 1790 to 1800, while Washington, D.C. ,
4120-527: The States (or the people). Additionally, his belief was that if the Constitution's writers had wanted Congress to have such power, they would have made it explicit. The decision would ultimately fall on President George Washington , following his deliberate investigation of the cabinet members' opinions. George Washington initially declared that he was hesitant to sign the "bank bill" into law. Washington asked for
4223-442: The US were each chartered by, and only allowed to have branches in, a single state. Establishment of the Bank of the United States was part of a three-part expansion of federal fiscal and monetary power, along with a federal mint and excise taxes, championed by Alexander Hamilton , first Secretary of the Treasury . Hamilton believed a national bank was necessary to stabilize and improve the nation's credit, and to improve handling of
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4326-578: The United States after Midtown Manhattan in New York City. Philadelphia's neighborhoods are divided into six large sections that surround Center City: North Philadelphia , Northeast Philadelphia , South Philadelphia , Southwest Philadelphia , West Philadelphia , and Northwest Philadelphia . The city's geographic boundaries have been largely unchanged since these neighborhoods were consolidated in 1854. However, each of these large areas contains numerous neighborhoods, some of whose boundaries derive from
4429-565: The bank building is credited to Samuel Blodgett, Superintendent of Buildings for the new capital in Washington, DC., although it has also been attributed to James Hoban . It was completed in 1797 and was the first building specifically for the new federal government. The First Bank of the United States has received various designations as a historic building. It was included in Independence National Historical Park when
4532-416: The bank unconstitutional. While Hamilton's rebuttals were many and varied, chief among them were these two: On February 25, 1791, convinced that the constitution authorized the measure, Washington signed the "bank bill" into law. On March 19, 1791 Washington appointed three Commissioners for the taking of subscriptions for this new bank: Thomas Willing , David Rittenhouse , and Samuel Howell . Willing
4635-466: The bill for funding and paying these, Hamilton made no difference between the original holders and the fraudulent purchasers of this paper." — Thomas Jefferson , February 4 entry in The Anas Hamilton's bank proposal faced widespread resistance from opponents of increased federal power. Secretary of State Thomas Jefferson and James Madison led the opposition, which claimed that the bank
4738-428: The bill, the concept, and establishment of a national mint, met with no real objection, and sailed through; it was assumed the second and third part (the bank and an excise tax to finance it) would likewise glide through, and in their own way they did: The House version of the bill, despite some heated objections, easily passed. The Senate version of the bill did likewise, with considerably fewer, and milder, objections. It
4841-418: The birth of our government, some members were found sordid enough to bend their duty to their interests, and to look after personal rather than public good. It is well known that during the war the greatest difficulty we encountered was the want of money or means to pay our soldiers who fought, or our farmers, manufacturers, and merchants, who furnished the necessary supplies of food and clothing for them. After
4944-464: The boroughs, townships, and other communities that constituted Pennsylvania County before their inclusion within the city. The City Planning Commission , tasked with guiding growth and development of the city, has divided the city into 18 planning districts as part of the Philadelphia2035 physical development plan. Much of the city's 1980 zoning code was overhauled from 2007 to 2012 as part of
5047-423: The building and develop a museum about the early American economy, planned to open in 2026. Philadelphia Philadelphia , colloquially referred to as Philly , is the most populous city in the U.S. state of Pennsylvania and the sixth-most populous city in the United States , with a population of 1,603,797 in the 2020 census . The city is the urban core of the larger Delaware Valley , also known as
5150-639: The capital of the Pennsylvania Colony during the British colonial era . The city went on to play a historic and vital role during the American Revolution and Revolutionary War , serving as the central meeting place for the nation's founding fathers , hosting the First Continental Congress in 1774, preserving the Liberty Bell , and hosting the Second Continental Congress during which
5253-575: The city for its outlying railroad commuting towns and newer housing. The resulting reduction in Philadelphia's tax base and the resources of local government caused the city to struggle through a long period of adjustment, and it approached bankruptcy by the late 1980s. In 1985, the MOVE Bombing of the Cobbs Creek neighborhood by city helicopters occurred, killing 11 and destroying 61 homes. Revitalization and gentrification of neighborhoods began in
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#17328454039145356-517: The city's 17th century founding through the present, Philadelphia has been the birthplace or home to an extensive number of prominent and influential Americans . Prior to the arrival of Europeans in the early 17th century, the Philadelphia area was home to the Lenape Indians in the village of Shackamaxon . They were also called the Delaware Indians, and their historical territory was along
5459-456: The city's director of public safety, but political pressure still prevented long-term success in fighting crime and corruption. In 1940, non-Hispanic whites constituted 86.8% of the city's population. In 1950, the population peaked at more than two million residents, then began to decline with the restructuring of industry that led to the loss of many middle-class union jobs. In addition, suburbanization enticed many affluent residents to depart
5562-399: The city's tallest building. The Comcast Technology Center was completed in 2018, reaching a height of 1,121 ft (342 m), as the tallest building in the United States outside of Manhattan and Chicago. For much of Philadelphia's history, the typical home has been the row house . The row house was introduced to the United States via Philadelphia in the early 19th century and, for
5665-511: The city's total park space, including municipal, state, and federal parks in the city, amounts to 11,211 acres (17.5 sq mi). Philadelphia's largest park is Fairmount Park , which includes the Philadelphia Zoo and encompasses 2,052 acres (3.2 sq mi) of the total parkland. Fairmount Park's adjacent Wissahickon Valley Park contains 2,042 acres (3.2 sq mi). Fairmount Park, when combined with Wissahickon Valley Park,
5768-403: The city, Philadelphia is one of the nation's leading centers for higher education and academic research . The city is a national cultural center, hosting more outdoor sculptures and murals than any other city in the nation. Fairmount Park , when combined with adjacent Wissahickon Valley Park in the same watershed , is 2,052 acres (830 ha), representing one of the nation's largest and
5871-676: The city. The Liberty Bell was taken to Zion German Reformed Church in Northampton Town, which is present-day Allentown , where it was hidden under the church's floor boards for nine months from September 1777 until the British Army's departure from Philadelphia in June 1778. Two Revolutionary War battles, the Siege of Fort Mifflin , fought between September 26 and November 16, 1777, and the Battle of Germantown , fought on October 4, 1777, took place within Philadelphia's city limits. In Philadelphia,
5974-522: The colonies made it a natural center for America's revolutionaries . By the 1750s, Philadelphia surpassed Boston as the largest city and busiest port in British America , and the second-largest city in the entire British Empire after London . In 1774, as resentment of British colonial practices and support for independence was burgeoning in the colonies, Philadelphia hosted the First Continental Congress . From 1775 to 1781, Philadelphia hosted
6077-466: The colony. Penn made a treaty of friendship with Lenape chief Tammany under an elm tree at Shackamaxon , in what is now the city's Fishtown neighborhood. Penn named the city Philadelphia, which is Greek for "brotherly love", derived from the Ancient Greek terms φίλος phílos (beloved, dear) and ἀδελφός adelphós (brother, brotherly). There were a number of cities named Philadelphia in
6180-427: The corruption of the legislature; for he avowed the opinion, that man could be governed by one of two motives only, force or interest; force, he observed, in this country was out of the question, and the interests, therefore, of the members must be laid hold of, to keep the legislative in unison with the executive. And with grief and shame, it must be acknowledged that his machine was not without effect; that even in this,
6283-402: The country, and the first Black Episcopal Church . The free Black community also established many schools for its children with the help of Quakers . Large-scale construction projects for new roads, canals , and railroads made Philadelphia the first major industrial city in the United States. Throughout the 19th century, Philadelphia hosted a variety of industries and businesses; the largest
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#17328454039146386-486: The creation of five public parks in the city which were renamed in 1824. Centre Square was renamed Penn Square ; Northeast Square was renamed Franklin Square ; Southeast Square was renamed Washington Square ; Southwest Square was renamed Rittenhouse Square ; and Northwest Square was renamed Logan Circle/Square . Center City had an estimated 183,240 residents as of 2015 , making it the second-most populated downtown area in
6489-420: The existing state of government finances, more money was needed. This could be achieved either by selling the government's shares of stock in the bank or by raising taxes. Wolcott advised the first choice. Congress quickly agreed. Hamilton objected, believing that the dividends on that stock had been inviolably pledged for the support of the sinking fund to retire the debt. Hamilton tried to organize opposition to
6592-467: The expedient of paper money had exhausted itself, certificates of debt were given to the individual creditors, with an assurance of payment so soon as the United States should be able. But the distresses of these people often obliged them to part with these for the half, the fifth, and even a tenth of their value; and speculators had made a trade of cozening them from the holders by the most fraudulent practices, and persuasions that they would never be paid. In
6695-420: The federal government—a depository for collected taxes, making short-term loans to the government to cover real or potential temporary income gaps, serving as a holding site for both incoming and outgoing monies—was considered highly important but still secondary in nature. There were other, non-negotiable conditions for the establishment of the First Bank of the United States. Among these were: To ensure that
6798-410: The financial business of the United States government under the newly enacted Constitution . The First Bank building, located in Philadelphia , Pennsylvania , within Independence National Historical Park , was completed in 1797, and is a National Historic Landmark for its historic and architectural significance. Alexander Hamilton was the first Secretary of the Treasury. In addition to sponsoring
6901-453: The first $ 2 million in shares. Hamilton, foreseeing the objection that this could not be done since the U.S. government did not have $ 2 million, proposed that the government purchase the stock using money lent to it by the bank; the loan to be paid back in ten equal annual installments. The remaining $ 8 million of stock would be available to the public, both in the United States and overseas. The chief requirement of these non-government purchases
7004-600: The first modern International Style skyscraper in the United States, the PSFS Building , designed by George Howe and William Lescaze . The 548 ft (167 m) City Hall remained the tallest building in the city until 1987 when One Liberty Place was completed. Numerous glass and granite skyscrapers were built in Center City beginning in the late 1980s. In 2007, the Comcast Center surpassed One Liberty Place to become
7107-530: The first official World's fair in the U.S. Immigrants, mostly from Ireland and Germany, settled in Philadelphia and the surrounding districts. These immigrants were largely responsible for the first general strike in North America in 1835, in which workers in the city won the ten-hour workday. The city was a destination for thousands of Irish immigrants fleeing the Great Famine in the 1840s; housing for them
7210-445: The government could meet both the current and future demands of its governmental accounts, an additional source of funding was required, "for interest payments on the assumed state debts would begin to fall due at the end of 1791...those payments would require $ 788,333 annually, and... an additional $ 38,291 was needed to cover deficiencies in the funds that had been appropriated for existing commitments." To achieve this, Hamilton repeated
7313-604: The intersection of Germantown Avenue and Bethlehem Pike at: 40.07815 N, 75.20747 W. Philadelphia is located on the Atlantic Seaboard Fall Line that separates the Atlantic Plain from the Piedmont . The Schuylkill River's rapids at East Falls were inundated by completion of the dam at Fairmount Water Works . The city is the seat of its own county . The city is bordered by six adjacent counties: Montgomery to
7416-551: The last occurrence of such a temperature being July 21, 2019. The lowest officially recorded temperature was −11 °F (−24 °C) on February 9, 1934. Temperatures at or below 0 °F (−18 °C) are rare, with the last such occurrence being January 19, 1994 . The record low maximum is 5 °F (−15 °C) on February 10, 1899, and December 30, 1880. The record high minimum is 83 °F (28 °C) on July 23, 2011, and July 24, 2010. See or edit raw graph data . Philadelphia County received an ozone grade of F and
7519-540: The late 1970s and continues into the 21st century with much of the development occurring in the Center City and University City neighborhoods. But this expanded a shortage of affordable housing in the city. After many manufacturers and businesses left Philadelphia or shut down, the city started attracting service businesses and began to market itself more aggressively as a tourist destination. Contemporary glass-and-granite skyscrapers were built in Center City beginning in
7622-480: The latter facilitates and extends the operations of commerce amongst individuals. — Alexander Hamilton, December 1790 report to George Washington According to the plan put before the first session of the First Congress in 1790, Hamilton proposed establishing the initial funding for the First Bank of the United States through the sale of $ 10 million in stock of which the United States government would purchase
7725-506: The law of the Constitution. Secretary of State Thomas Jefferson argued that the bank violated traditional property laws and that its relevance to constitutionally authorized powers was weak. Another argument came from James Madison, who believed Congress had not received the power to incorporate a bank or any other governmental agency. His argument rested primarily on the Tenth Amendment: that all powers not endowed to Congress are retained by
7828-466: The measure but was unsuccessful. In 1816, the bank was succeeded by the Second Bank of the United States . After the charter for the First Bank of the United States expired in 1811, Stephen Girard purchased most of its stock as well as the building and its furnishings on South Third Street in Philadelphia and opened his own bank, later known as Girard Bank . Girard hired George Simpson, the cashier of
7931-563: The nation's 56 founders formed the Continental Army and elected George Washington as its commander in 1775, and unanimously adopted the Declaration of Independence on July 4, 1776. For nine months, from September 1777 to June 1778, the city fell under British occupation during the war's Philadelphia campaign . In 1787, the U.S. Constitution was ratified in Philadelphia at the Philadelphia Convention . Philadelphia remained
8034-479: The nation's largest city until 1790, and it served as the nation's first capital from May 10, 1775, until December 12, 1776, and on four subsequent occasions until 1800, when construction of the new national capital in Washington, D.C. was completed. Philadelphia maintains extensive contemporary influence in business and industry , culture , sports , and music . With 17 four-year universities and colleges in
8137-927: The nation, including a fire company , library , and hospital . A number of philosophical societies were formed, which were centers of the city's intellectual life, including the Philadelphia Society for Promoting Agriculture (1785), the Pennsylvania Society for the Encouragement of Manufactures and the Useful Arts (1787), the Academy of Natural Sciences (1812), and the Franklin Institute (1824). These societies developed and financed new industries that attracted skilled and knowledgeable immigrants from Europe. Philadelphia's importance and central location in
8240-449: The northwest; Bucks to the north and northeast; Burlington County, New Jersey to the east; Camden County, New Jersey to the southeast; Gloucester County, New Jersey to the south; and Delaware County to the southwest. Philadelphia was created in the 17th century, following the plan by William Penn 's surveyor Thomas Holme . Center City is structured with long, straight streets running nearly due east–west and north–south, forming
8343-556: The park was formed in 1956. The building's architecture was studied by the Historic American Buildings Survey in 1958. With the rest of Independence National Historical Park, it was listed on the National Register of Historic Places on October 15, 1966, and the bank was then declared a National Historic Landmark on May 4, 1987. It is described in the landmark designation as an early masterpiece of monumental Classical Revival design. The building has been closed to
8446-544: The public since the 1970s. Until about 2000, the building housed offices for Independence National Historical Park. A proposal to have it house the collection of the Philadelphia Civil War Museum was abandoned when funding from the state of Pennsylvania was not forthcoming. In June 2023, Independence National Historical Park received $ 22 million from the Great American Outdoors Act to renovate
8549-745: The second half of the 19th century. His contemporaries included John McArthur Jr. , Addison Hutton , Wilson Eyre , the Wilson Brothers , and Horace Trumbauer . In 1871, construction began on the Second Empire -style Philadelphia City Hall . The Philadelphia Historical Commission was created in 1955 to preserve the cultural and architectural history of the city. The commission maintains the Philadelphia Register of Historic Places , adding historic buildings, structures, sites, objects and districts as it sees fit. In 1932, Philadelphia became home to
8652-592: The situation did not change substantially until 1682, when the area was included in William Penn 's charter for Pennsylvania. In 1681, in partial repayment of a debt, Charles II of England granted Penn a charter for what would become the Pennsylvania colony . Despite the royal charter, Penn bought the land from the local Lenape in an effort to establish good terms with the Native Americans and ensure peace for
8755-467: The spine of the north–south highway system along the U.S. East Coast . Philadelphia is a city of many firsts, including the nation's first library (1731), hospital (1751), medical school (1765), national capital (1774), university (by some accounts) (1779), central bank (1781), stock exchange (1790), zoo (1874), and business school (1881). Philadelphia contains 67 National Historic Landmarks , including Independence Hall . From
8858-493: The surrounding Delaware Valley in the early 17th century. The first settlements were founded by Dutch colonists , who built Fort Nassau on the Delaware River in 1623 in what is now Brooklawn, New Jersey . The Dutch considered the entire Delaware River valley to be part of their New Netherland colony. In 1638, Swedish settlers led by renegade Dutch established the colony of New Sweden at Fort Christina , located in present-day Wilmington, Delaware , and quickly spread out in
8961-522: The ten largest combined statistical areas (CSAs) were ranked higher for ozone: Los Angeles (1st), New York City (9th), Houston (12th), Dallas (13th), and San Jose, California (18th). Many smaller CSAs were also ranked higher for ozone, including Sacramento (8th), Las Vegas (10th), Denver (11th), El Paso (16th), and Salt Lake City (20th). Only two of those same ten CSAs, San Jose and Los Angeles, were ranked higher than Philadelphia for both year-round and short-term particle pollution. As of
9064-606: The upper Ohio River basin. Following the American Revolutionary War and subsequent formation of an independent United States, the Lenape began moving further west. In the 1860s, the United States government sent most remaining Lenape in the eastern United States to the Indian Territory in present-day Oklahoma and surrounding territories as part of the Indian removal policy. Europeans first entered Philadelphia and
9167-567: The valley. In 1644, New Sweden supported the Susquehannocks in their war against Maryland colonists. In 1648, the Dutch built Fort Beversreede on the west bank of the Delaware, south of the Schuylkill River near the present-day Eastwick section of Philadelphia, to reassert their dominion over the area. The Swedes responded by building Fort Nya Korsholm , or New Korsholm , named after
9270-442: The written advice and supporting reasons from all his cabinet members—most particularly from Hamilton. Attorney General Edmund Randolph from Virginia felt that the bill was unconstitutional. Jefferson, also from Virginia, agreed that Hamilton's proposal was against both the spirit and letter of the Constitution. Hamilton, who, unlike his fellow cabinet members, came from New York, quickly responded to those who claimed incorporation of
9373-491: The year. The average window for freezing temperatures is November 6 to April 2, allowing a growing season of 217 days. Early fall and late winter are generally dry, with February having the lowest average precipitation at 2.75 inches (70 mm). The dewpoint in the summer averages between 59.1 and 64.5 °F (15 and 18 °C). The highest recorded temperature was 106 °F (41 °C) on August 7, 1918. Temperatures at or above 100 °F (38 °C) are not common, with
9476-536: Was 30.7 in (78 cm), which occurred in January 1996. Precipitation is generally spread throughout the year, with eight to eleven wet days per month, at an average annual rate of 44.1 inches (1,120 mm), but historically ranging from 29.31 in (744 mm) in 1922 to 64.33 in (1,634 mm) in 2011. The most rain recorded in one day occurred on July 28, 2013, when 8.02 in (204 mm) fell at Philadelphia International Airport . Philadelphia has
9579-466: Was being constructed and prepared to serve as the new national capital. In 1793, the largest yellow fever epidemic in U.S. history killed approximately 4,000 to 5,000 people in Philadelphia, or about ten percent of the city's population at the time. The capital of the United States was moved to Washington, D.C. in 1800 upon completion of the White House and U.S. Capitol buildings. The state capital
9682-506: Was developed south of South Street and later occupied by succeeding immigrants. They established a network of Catholic churches and schools and dominated the Catholic clergy for decades. Anti- Irish , anti-Catholic nativist riots erupted in Philadelphia in 1844. The rise in population of the surrounding districts helped lead to the Act of Consolidation of 1854 , which extended the city limits from
9785-477: Was dominated by Georgian architecture , including Independence Hall and Christ Church . In the first decades of the 19th century, Federal and Greek Revival architecture were the dominant styles produced by Philadelphia architects such as Benjamin Latrobe , William Strickland , John Haviland , John Notman , Thomas Walter , and Samuel Sloan . Frank Furness is considered Philadelphia's greatest architect of
9888-475: Was later elected as President on October 25, 1791, until he resigned due to ill health on November 10, 1807. The bank's Philadelphia branch opened its doors on December 12, 1791. Willing was succeeded by David Lenox, serving until the expiration of its charter on March 4, 1811. After Hamilton left office in 1795, the new Secretary of the Treasury Oliver Wolcott Jr. informed Congress that, due to
9991-436: Was mostly to the benefit of business interests in the commercial north, not southern agricultural interests, arguing that the right to own property would be infringed by these proposals. Furthermore, they contended that the creation of such a bank violated the Constitution, which specifically stated that Congress was to regulate weights and measures and issue coined money (rather than mint and bills of credit). The first part of
10094-515: Was moved from Philadelphia to Lancaster in 1799, then ultimately to Harrisburg in 1812. Philadelphia remained the nation's largest city until the late 18th century. It also was the nation's financial and cultural center until ultimately being eclipsed in total population by New York City in 1790. In 1816, the city's free Black community founded the African Methodist Episcopal Church , the first independent Black denomination in
10197-406: Was one of more than 36 industrial cities nationally to suffer a race riot during Red Summer in post- World War I unrest as recent immigrants competed with Blacks for jobs. In the 1920s, the public flouting of Prohibition laws, organized crime , mob violence, and corrupt police involvement in illegal activities led to the appointment of Brig. Gen. Smedley Butler of the U.S. Marine Corps as
10300-426: Was that one-quarter of the purchase price had to be paid in gold or silver; the remaining balance could be paid in bonds, acceptable scrip, etc. Unlike the Bank of England , the primary function of the bank would be to issue credit to the government and private interests, for internal improvements and other economic development, per Hamilton's system of Public Credit . The business would be involved in on behalf of
10403-674: Was the textile industry . Major corporations in the 19th and early 20th centuries included the Baldwin Locomotive Works , William Cramp & Sons Shipbuilding Company , and the Pennsylvania Railroad . Established in 1870, the Philadelphia Conveyancers' Association was chartered by the state in 1871. Along with the U.S. Centennial in 1876, the city's industry was celebrated in the Centennial Exposition ,
10506-450: Was unconstitutional, and that it benefited merchants and investors at the expense of the majority of the population. Like most of the Southern members of Congress, Jefferson and Madison also opposed a second of the three proposals of Hamilton: establishing an official government Mint. They believed this centralization of power away from local banks was dangerous to a sound monetary system and
10609-520: Was when "the two bills changed houses, complications set in. In the Senate, Hamilton's supporters objected to the House's alteration of the plans for the excise tax." The establishment of the bank also raised early questions of constitutionality in the new government. Hamilton, then Secretary of the Treasury, argued that the bank was an effective means to utilize the authorized powers of the government implied under
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