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
New York City English of a process of social identification, recent researches attribute the loss of typical accent features to in-group ethnic distancing. In other words, many of the young generations of ethnic groups who formerly were the most representative speakers of the accent are currently avoiding its features in order to not stand out socially and/or ethnically. The pronunciation of New York City English, most popularly acknowledged by the term "New York accent", is readily noticed and stereotyped, garnering considerable attention in American culture. Some well-known phonological features include its traditional dropping of "r", a short-"a" split system (in which, for example, the