New York City the city is home to the world's two largest stock exchanges by total market capitalization, the New York Stock Exchange and NASDAQ. In 1664, the city was named in honor of the Duke of York, who would become King James II of England. James's older brother, King Charles II, had appointed the Duke proprietor of the former territory of New Netherland, including the city of New Amsterdam, which England had recently seized from the Dutch. During the Wisconsinan glaciation, 75,000 to 11,000 years ago, the New York City region was situated at the edge of a large ice sheet over
History of the New York City Subway transit railways around the world. (The A Division uses 625V DC third rail.) After the statutory debt ceiling for the now united city of New York had been raised, there were more plans for subway construction until 1908. The Triborough Plan comprised three new lines: The BRT lines were built to wider profiles because the BRT did not want to use IRT trackage, which was narrower by comparison and carried far fewer passengers per hour. The design was inspired by the cars built for the Cambridge Subway (Red Line) which were designed based on the results of studies done on