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
New York City Stuyvesant surrendered New Amsterdam to English troops, led by Colonel Richard Nicolls, without bloodshed. The terms of the surrender permitted Dutch residents to remain in the colony and allowed for religious freedom. The English promptly renamed the fledgling city "New York" after the Duke of York (the future King James II of England). The transfer was confirmed in 1667 by the Treaty of Breda, which concluded the Second Anglo-Dutch War. On August 24, 1673, during the Third Anglo-Dutch War, Dutch captain Anthony Colve seized the colony of New York from England at the behest of Cornelis Evertsen the Youngest and