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 after the opening of the first elevated line in New York City, which became the IRT Ninth Avenue Line. By the time the first subway opened, the lines had been consolidated into two privately owned systems, the Brooklyn Rapid Transit Company (BRT, later Brooklyn–Manhattan Transit Corporation, BMT) and the Interborough Rapid Transit Company (IRT). Many present lines were built under the Dual Contracts, and after 1913, all lines built for the IRT and most other lines built or improved for the BRT were built by the city and leased to the companies. The first line of the city-owned and operated