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 in Philadelphia, the Institute in New York promoted adoption of tariffs to protect domestic manufacturing. At one time Guldens mustard had a copy of the American Gold Medal Award on the jar label. Medals were issued in gold, silver and bronze for more than 150 years. 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