New York City York metropolitan area produced a gross metropolitan product (GMP) of US$1.73 trillion. If greater New York City were a sovereign state, it would have the 12th highest GDP in the world. New York City traces its origins to a trading post founded by colonists from the Dutch Republic in 1624 on Lower Manhattan; the post was named New Amsterdam in 1626. The city and its surroundings came under English control in 1664 and were renamed "New York" after King Charles II of England granted the lands to his brother, the Duke of York. New York served as the capital of
Inauguration of the Dutch monarch the palace, where the new monarch is introduced to the waiting public outside. After the signature, the new monarch proceeds from the palace to the Nieuwe Kerk, where the States General of the Netherlands and the cabinet along with guests of honour have assembled. The ceremony takes place as a joint session of the two houses of the States General ("Verenigde Vergadering") and is presided over by the president of the joint session (i.e. the president of the senate). The ritual is held at the Nieuwe Kerk, in the capital city of Amsterdam. Regalia such as the crown, orb and