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 the palace, where the new monarch is introduced to the waiting public outside. After the signature, the new monarch proceeds from the palace to the Nieuwe Kerk, where the States General of the Netherlands and the cabinet along with guests of honour have assembled. The ceremony takes place as a joint session of the two houses of the States General ("Verenigde Vergadering") and is presided over by the president of the joint session (i.e. the president of the senate). The ritual is held at the Nieuwe Kerk, in the capital city of Amsterdam. Regalia such as the crown, orb and