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
Inauguration of the Dutch monarch Wilhelmina passed the throne to her daughter Juliana in 1948. Every monarch since Wilhelmina have so far chosen to abdicate their thrones after a certain time. The monarch, the heir to the throne, the royal family and the cabinet led by the prime minister meet in the Royal Palace of Amsterdam in the State Hall. The monarch signs the instrument of abdication, which is then signed by the heir, members of the royal family and members of government. As soon as the instrument is signed, the new monarch's accession is complete. The previous monarch then steps on the balcony of