History of New York City (1784–1854) as the financial and mercantile capital of the western hemisphere. The Great New York City Fire of 1845 destroyed 345 wooden buildings in the Financial District. The Hudson River Railroad (which grew into the New York Central) opened October 3, 1851; it extended the Mohawk and Hudson Railroad, the first railroad built in the state, south to New York City. The city and its nearby suburbs grew rapidly for several reasons. The natural harbor at the base of Manhattan, Brooklyn, and the New Jersey ports at Newark and Elizabeth provided almost unlimited capacity for trading ships and protection from storms.
Jersey City, New Jersey rate (versus the 6.625% rate charged statewide, effective January 1, 2018) at eligible merchants. About one third of Jersey City is included in the state's largest Urban Enterprise Zone, established in 1992 (the zone's status is due to expire in November 2023). Port Jersey is an intermodal freight transport facility that includes a container terminal located on the Upper New York Bay in the Port of New York and New Jersey. The municipal border of the Hudson County cities of Jersey City and Bayonne runs along the long pier extending into the bay.The north end of the facility houses the