USA HISTORY

Detailed explanation-1: -New York City became the financial epicenter of the world despite Philadelphia having a first-mover advantage. New York gained ground on Philadelphia thanks to its dominance in commercial trade, in large part thanks to the completion of the Erie Canal in 1825.

Detailed explanation-2: -Dutch merchants soon began sponsoring trips to the new colony, and the first 31 Dutch colonists’ families arrived in 1623. They established New Amsterdam-now known as New York City-in 1624.

Detailed explanation-3: -But it grew quickly, and in 1760 the city (now called New York City; population 18, 000) surpassed Boston to become the second-largest city in the American colonies. Fifty years later, with a population 202, 589, it became the largest city in the Western hemisphere.

Detailed explanation-4: -In 1664, the English took possession of New Netherland from the Dutch, renaming it New York. Ownership of New York was valuable because of its location and status as a port of commerce and trade. This Oyster Island was granted to Captain Robert Needham by the colonial Governor of New York, Richard Nicholls.

Detailed explanation-5: -Dutch explorers sailed to present-day New York City in the 1600s and began trading with Native Americans in the area. The Dutch eventually established the colony of New Amsterdam. The New York City seal reflects this history with its illustrations of a Native American, a Dutch sailor, and a beaver.