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
American Institute of the City of New York American Institute of the City of New York The American Institute of the City of New York, or, The American Institute of the City of New York for the Encouragement of Science and Invention was a civic organization that existed from ca. 1838 – ca. 1930. The institute was an association of inventors. It organized exhibitions, lectures and radio broadcasts to inform the public about new technologies, and served as a locus for inventors’ professional activities. The American Institute of the City of New York was chartered on 2 May 1829. Eventually, the American Institute was merged with the New