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.
New York City National Invitation Tournament, was held in New York in 1938 and remains in the city. The city is well known for its links to basketball, which is played in nearly every park in the city by local youth, many of whom have gone on to play for major college programs and in the NBA. In soccer, New York City is represented by New York City FC of Major League Soccer, who play their home games at Yankee Stadium and the New York Red Bulls, who play their home games at Red Bull Arena in nearby Harrison, New Jersey. Historically, the