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 History of the New York City Subway The New York City Subway is a rapid transit system that serves four of the five boroughs of New York City, New York: the Bronx, Brooklyn, Manhattan, and Queens. Its operator is the New York City Transit Authority (NYCTA), which is controlled by the Metropolitan Transportation Authority (MTA) of New York. In 2016, an average of 5.66 million passengers used the system daily, making it the busiest rapid transit system in the United States and the seventh busiest in the world. The first underground line opened on October 27, 1904, almost 35 years