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
History of the New York City Subway transit railways around the world. (The A Division uses 625V DC third rail.) After the statutory debt ceiling for the now united city of New York had been raised, there were more plans for subway construction until 1908. The Triborough Plan comprised three new lines: The BRT lines were built to wider profiles because the BRT did not want to use IRT trackage, which was narrower by comparison and carried far fewer passengers per hour. The design was inspired by the cars built for the Cambridge Subway (Red Line) which were designed based on the results of studies done on