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In your opinion, what event(s) has made New York City become the financial powerhouse that it is today?
pretty self explanatory question. you can list an event(s) and/or you can explain why you chose it. best answer=10 pts
4 Answers
- Grape ApeLv 61 decade agoFavorite Answer
Wall Street established the stock market so all of the top financial institutions settled there, all of the top media outlets, meaning network television, FM Radio, and the most read newspaper, The New York Times, were headquartered here to reach the masses and became the media capital of the world, major ports as well as rail and air capability were here to lead import and export for textiles and other products, and major landmarks (Empire State Building, Statue of Liberty, Yankee Stadium, Times Square, Broadway,Madison Square Garden,etc.) allowed it to generate the most tourist money in the country to further its strength.
- bob walkerLv 71 decade ago
New York,s prominence as a port city. It started with the bay but really took off with the Erie Canal which created a cheap all water route to the Midwest. It became America's biggest city and all industries grew within it. Commodity markets and the stock exchange were a norm,al progression. Then corporate headquarters, then international trade.
- JeffLv 41 decade ago
Not too many people know this but New York was once the capital of the United States-