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
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