1.
New York Stock Exchange
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The New York Stock Exchange, is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York. It is by far the worlds largest stock exchange by market capitalization of its companies at US$19.3 trillion as of June 2016. The average daily trading value was approximately US$169 billion in 2013, the NYSE trading floor is located at 11 Wall Street and is composed of 21 rooms used for the facilitation of trading. A fifth trading room, located at 30 Broad Street, was closed in February 2007, the main building and the 11 Wall Street building were designated National Historic Landmarks in 1978. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists, previously, it was part of NYSE Euronext, which was formed by the NYSEs 2007 merger with Euronext. NYSE and Euronext now operate as divisions of Intercontinental Exchange, the NYSE has been the subject of several lawsuits regarding fraud or breach of duty and in 2004 was sued by its former CEO for breach of contract and defamation. The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement, previously securities exchange had been intermediated by the auctioneers who also conducted more mundane auctions of commodities such as wheat and tobacco. In 1817 the stockbrokers of New York operating under the Buttonwood Agreement instituted new reforms, after sending a delegation to Philadelphia to observe the organization of their board of brokers, restrictions on manipulative trading were adopted as well as formal organs of governance. Several locations were used between 1817 and 1865, when the present location was adopted, the invention of the electrical telegraph consolidated markets, and New Yorks market rose to dominance over Philadelphia after weathering some market panics better than other alternatives. The Civil War greatly stimulated speculative securities trading in New York, by 1869 membership had to be capped, and has been sporadically increased since. The latter half of the century saw rapid growth in securities trading. Securities trade in the nineteenth and early twentieth centuries was prone to panics. The Stock Exchange Luncheon Club was situated on the floor from 1898 until its closure in 2006. The main building, located at 18 Broad Street, between the corners of Wall Street and Exchange Place, was designated a National Historic Landmark in 1978, as was the 11 Wall Street building. The NYSE announced its plans to merge with Archipelago on April 21,2005, NYSEs governing board voted to merge with rival Archipelago on December 6,2005, and became a for-profit, public company. It began trading under the name NYSE Group on March 8,2006, Wall Street is the leading US money center for international financial activities and the foremost US location for the conduct of wholesale financial services. It comprises a matrix of wholesale financial sectors, financial markets, financial institutions, the principal sectors are securities industry, commercial banking, asset management, and insurance. Prior to the acquisition of NYSE Euronext by the ICE in 2013, Marsh Carter was the Chairman of the NYSE, presently, the chairman is Jeffrey Sprecher
2.
JPMorgan Chase
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JPMorgan Chase & Co. is a U. S. multinational banking and financial services holding company headquartered in New York City. It is the largest bank in the United States, the third largest bank by total assets, with total assets of roughly US$2.5 trillion. It is a provider of financial services, and according to Forbes magazine is the worlds sixth largest public company based upon a composite ranking. The hedge fund unit of JPMorgan Chase is the second largest hedge fund in the United States, the company was formed in 2000, when Chase Manhattan Corporation merged with J. P. Morgan & Co. The J. P. Morgan brand, historically known as Morgan, is used by the investment banking, asset management, private banking, private wealth management, and treasury & securities services divisions. Fiduciary activity within private banking and private wealth management is done under the aegis of JPMorgan Chase Bank, the Chase brand is used for credit card services in the United States and Canada, the banks retail banking activities in the United States, and commercial banking. The corporate headquarters is located at 270 Park Avenue in Midtown Manhattan, the retail and commercial bank is headquartered in 270 Park Avenue, Midtown Manhattan, New York City, New York, U. S. JPMorgan Chase & Co. is considered to be a universal bank. As of 2016, JPMorgan Chase is one of the Big Four banks of the United States, followed by Bank of America, Citigroup, and Wells Fargo. JPMorgan Chase, in its current structure, is the result of the combination of several large U. S. banking companies since 1996, including Chase Manhattan Bank, Bank One, Bear Stearns and Washington Mutual. The Chase Manhattan Bank was formed upon the 1955 purchase of Chase National Bank by the Bank of the Manhattan Company, the Bank of the Manhattan Company was the creation of Aaron Burr, who transformed The Manhattan Company from a water carrier into a bank. This of course injected a powerful element of politics into the process and invited what today would be called corruption, the innocuous-looking clause allowed the company to invest surplus capital in any lawful enterprise. Within six months of the creation, and long before it had laid a single section of water pipe, the company opened a bank. Still in existence, it is today J. P. Morgan Chase, weakened by the real estate collapse in the early 1990s, it was acquired by Chemical Bank in 1996, retaining the Chase name. Before its merger with J. P. Morgan & Co. the new Chase expanded the investment, in 1999, it acquired San Francisco-based Hambrecht & Quist for $1.35 billion. In April 2000, UK-based Robert Fleming & Co. was purchased by the new Chase Manhattan Bank for $7.7 billion, the New York Chemical Manufacturing Company was founded in 1823 as a maker of various chemicals. In 1824, the company amended its charter to perform banking activities, in the 1980s and early 1990s, Chemical emerged as one of the leaders in the financing of leveraged buyout transactions. In 1984, Chemical launched Chemical Venture Partners to invest in equity transactions alongside various financial sponsors. At many points throughout history, Chemical Bank was the largest bank in the United States
3.
Federal Reserve Bank of New York
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The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is located at 33 Liberty Street, New York, NY. S, among the other regional banks, New York Federal Reserve Bank and its president are considered first among equals. Its current president is William C and it is by far the largest, most active and most influential of the 12 regional Federal Reserve Banks. The New York Fed is the largest in terms of assets of the regional banks. Operating in the capital of the U. S. the New York Fed is responsible for conducting open market operations. The Trading Desk is the office at the Federal Reserve Bank of New York that manages the FOMC Directive to sell or buy bonds, note that the responsibility for issuing new U. S. Treasury securities lies with the Bureau of the Public Debt. It transferred an additional $1.3 trillion a day in securities, the New York Fed is also responsible for carrying out exchange rate policy by buying and selling dollars at the discretion of the United States Treasury Department. The New York Federal Reserve is the regional bank with a permanent vote on the Federal Open Market Committee. A public competition for the design of the building was held, the bank moved to its current location in 1924. The Federal Reserve Bank of New York maintains a vault that lies 80 feet below street level and 50 feet below sea level, by 1927, the vault contained 10% of the worlds official gold reserves. Currently, it is reputedly the largest gold repository in the world and holds approximately 7,000 tonnes of gold bullion, nearly 98% of the gold at the Federal Reserve Bank of New York is owned by the central banks of foreign nations. The rest is owned by the United States and international such as the IMF. The Federal Reserve Bank does not own the gold but serves as guardian of the metal, which it stores at no charge to the owners. Moving the bars requires special footwear for the staff, to protect their feet in case they drop one of the gold bars weighing 28 pounds, the vault is open to tourists. On October 17,2012, Quazi Mohammad Rezwanul Ahsan Nafis,21, was arrested attempting to detonate what he believed to be an 800-pound bomb. A joint FBI/NYPD operation flagged the suspect on the Internet and set up the sting with fake explosives, in 2013, Nafis pleaded guilty and was sentenced to 30 years in federal prison. The Federal Reserve Bank of New York Buffalo Branch used to be the branch of the Federal Reserve Bank of New York. The New York Fed opened for business on November 16,1914 and he led the Bank until his death in 1928
4.
May Day
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May Day is a public holiday usually celebrated on May 1. It is an ancient northern hemisphere spring festival and it is also a traditional spring holiday in many cultures. Dances, singing, and cake are usually part of the celebrations that the day includes, in the late 19th century, May Day was chosen as the date for International Workers Day by the Socialists and Communists of the Second International to commemorate the Haymarket affair in Chicago. International Workers Day may also be referred to as May Day and it is also associated with the Gaelic Beltane, most commonly held on April 30. The day was a summer holiday in many pre-Christian European pagan cultures. While February 1 was the first day of spring, May 1 was the first day of summer, hence, as Europe became Christianised, the pagan holidays lost their religious character and May Day changed into a popular secular celebration. A significant celebration of May Day occurs in Germany where it is one of days on which St. Walburga. The secular versions of May Day, observed in Europe and America, may be best known for their traditions of dancing around the maypole and crowning the Queen of May. Fading in popularity since the late 20th century is the giving of May baskets, small baskets of sweets or flowers, usually left anonymously on neighbours doorsteps. May 1 is also one of two feast days of the Catholic patron saint of workers St Joseph the Worker, a carpenter, husband to Mother Mary, and surrogate father of Jesus. Replacing another feast to St. Joseph, this date was chosen by Pope Pius XII in 1955 as a counterpoint to the communist International Workers Day celebrations on May Day. In the late 20th century, many neopagans began reconstructing traditions, traditional English May Day rites and celebrations include crowning a May Queen and celebrations involving a maypole. Historically, Morris dancing has been linked to May Day celebrations, much of this tradition derives from the pagan Anglo-Saxon customs held during Þrimilci-mōnaþ along with many Celtic traditions. May Day has been a day of festivities throughout the centuries. May Day is most associated with towns and villages celebrating springtime fertility and revelry with village fetes, seeding has been completed by this date and it was convenient to give farm labourers a day off. Perhaps the most significant of the traditions is the maypole, around which traditional dancers circle with ribbons, the spring bank holiday on the first Monday in May was created in 1978, May Day itself – May 1 – is not a public holiday in England. Unlike the other Bank Holidays and common law holidays, the first Monday in May is taken off from schools by itself and this is because it has no Christian significance and does not otherwise fit into the usual school holiday pattern. May Day was abolished and its celebration banned by Puritan parliaments during the Interregnum, may 1,1707, was the day the Act of Union came into effect, joining England and Scotland to form the Kingdom of Great Britain
5.
Amsterdam
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Amsterdam is the capital and most populous municipality of the Kingdom of the Netherlands. Its status as the capital is mandated by the Constitution of the Netherlands, although it is not the seat of the government, which is The Hague. Amsterdam has a population of 851,373 within the city proper,1,351,587 in the urban area, the city is located in the province of North Holland in the west of the country. The metropolitan area comprises much of the part of the Randstad, one of the larger conurbations in Europe. Amsterdams name derives from Amstelredamme, indicative of the citys origin around a dam in the river Amstel, during that time, the city was the leading centre for finance and diamonds. In the 19th and 20th centuries the city expanded, and many new neighborhoods and suburbs were planned, the 17th-century canals of Amsterdam and the 19–20th century Defence Line of Amsterdam are on the UNESCO World Heritage List. As the commercial capital of the Netherlands and one of the top financial centres in Europe, Amsterdam is considered a world city by the Globalization. The city is also the capital of the Netherlands. Many large Dutch institutions have their headquarters there, and seven of the worlds 500 largest companies, including Philips and ING, are based in the city. In 2012, Amsterdam was ranked the second best city to live in by the Economist Intelligence Unit and 12th globally on quality of living for environment, the city was ranked 3rd in innovation by Australian innovation agency 2thinknow in their Innovation Cities Index 2009. The Amsterdam seaport to this day remains the second in the country, famous Amsterdam residents include the diarist Anne Frank, artists Rembrandt van Rijn and Vincent van Gogh, and philosopher Baruch Spinoza. The Amsterdam Stock Exchange, the oldest stock exchange in the world, is located in the city center. After the floods of 1170 and 1173, locals near the river Amstel built a bridge over the river, the earliest recorded use of that name is in a document dated October 27,1275, which exempted inhabitants of the village from paying bridge tolls to Count Floris V. This allowed the inhabitants of the village of Aemstelredamme to travel freely through the County of Holland, paying no tolls at bridges, locks, the certificate describes the inhabitants as homines manentes apud Amestelledamme. By 1327, the name had developed into Aemsterdam, Amsterdam is much younger than Dutch cities such as Nijmegen, Rotterdam, and Utrecht. In October 2008, historical geographer Chris de Bont suggested that the land around Amsterdam was being reclaimed as early as the late 10th century. This does not necessarily mean there was already a settlement then, since reclamation of land may not have been for farming—it may have been for peat. Amsterdam was granted city rights in either 1300 or 1306, from the 14th century on, Amsterdam flourished, largely from trade with the Hanseatic League
6.
Manhattan
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Manhattan is the most densely populated borough of New York City, its economic and administrative center, and the citys historical birthplace. The borough is coextensive with New York County, founded on November 1,1683, Manhattan is often described as the cultural and financial capital of the world and hosts the United Nations Headquarters. Many multinational media conglomerates are based in the borough and it is historically documented to have been purchased by Dutch colonists from Native Americans in 1626 for 60 guilders which equals US$1062 today. New York County is the United States second-smallest county by land area, on business days, the influx of commuters increases that number to over 3.9 million, or more than 170,000 people per square mile. Manhattan has the third-largest population of New York Citys five boroughs, after Brooklyn and Queens, the City of New York was founded at the southern tip of Manhattan, and the borough houses New York City Hall, the seat of the citys government. The name Manhattan derives from the word Manna-hata, as written in the 1609 logbook of Robert Juet, a 1610 map depicts the name as Manna-hata, twice, on both the west and east sides of the Mauritius River. The word Manhattan has been translated as island of hills from the Lenape language. The United States Postal Service prefers that mail addressed to Manhattan use New York, NY rather than Manhattan, the area that is now Manhattan was long inhabited by the Lenape Native Americans. In 1524, Florentine explorer Giovanni da Verrazzano – sailing in service of King Francis I of France – was the first European to visit the area that would become New York City. It was not until the voyage of Henry Hudson, an Englishman who worked for the Dutch East India Company, a permanent European presence in New Netherland began in 1624 with the founding of a Dutch fur trading settlement on Governors Island. In 1625, construction was started on the citadel of Fort Amsterdam on Manhattan Island, later called New Amsterdam, the 1625 establishment of Fort Amsterdam at the southern tip of Manhattan Island is recognized as the birth of New York City. In 1846, New York historian John Romeyn Brodhead converted the figure of Fl 60 to US$23, variable-rate myth being a contradiction in terms, the purchase price remains forever frozen at twenty-four dollars, as Edwin G. Burrows and Mike Wallace remarked in their history of New York. Sixty guilders in 1626 was valued at approximately $1,000 in 2006, based on the price of silver, Straight Dope author Cecil Adams calculated an equivalent of $72 in 1992. In 1647, Peter Stuyvesant was appointed as the last Dutch Director General of the colony, New Amsterdam was formally incorporated as a city on February 2,1653. In 1664, the English conquered New Netherland and renamed it New York after the English Duke of York and Albany, the Dutch Republic regained it in August 1673 with a fleet of 21 ships, renaming the city New Orange. Manhattan was at the heart of the New York Campaign, a series of battles in the early American Revolutionary War. The Continental Army was forced to abandon Manhattan after the Battle of Fort Washington on November 16,1776. The city, greatly damaged by the Great Fire of New York during the campaign, became the British political, British occupation lasted until November 25,1783, when George Washington returned to Manhattan, as the last British forces left the city
7.
Atlanta
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Atlanta is the capital of and the most populous city in the U. S. state of Georgia, with an estimated 2015 population of 463,878. Atlanta is the cultural and economic center of the Atlanta metropolitan area, home to 5,710,795 people, Atlanta is the county seat of Fulton County, and a small portion of the city extends eastward into DeKalb County. In 1837, Atlanta was founded at the intersection of two lines, and the city rose from the ashes of the American Civil War to become a national center of commerce. Atlantas economy is considered diverse, with dominant sectors that include logistics, professional and business services, media operations, Atlanta has topographic features that include rolling hills and dense tree coverage. Revitalization of Atlantas neighborhoods, initially spurred by the 1996 Olympics in Atlanta, has intensified in the 21st century, altering the demographics, politics. Prior to the arrival of European settlers in north Georgia, Creek Indians inhabited the area, standing Peachtree, a Creek village located where Peachtree Creek flows into the Chattahoochee River, was the closest Indian settlement to what is now Atlanta. As part of the removal of Native Americans from northern Georgia from 1802 to 1825, the Creek ceded the area in 1821. In 1836, the Georgia General Assembly voted to build the Western, the initial route was to run southward from Chattanooga to a terminus east of the Chattahoochee River, which would then be linked to Savannah. After engineers surveyed various possible locations for the terminus, the zero milepost was driven into the ground in what is now Five Points. A year later, the area around the milepost had developed into a settlement, first known as Terminus, and later as Thrasherville after a merchant who built homes. By 1842, the town had six buildings and 30 residents and was renamed Marthasville to honor the Governors daughter, later, J. Edgar Thomson, Chief Engineer of the Georgia Railroad, suggested the town be renamed Atlantica-Pacifica, which was shortened to Atlanta. The residents approved, and the town was incorporated as Atlanta on December 29,1847, by 1860, Atlantas population had grown to 9,554. During the American Civil War, the nexus of multiple railroads in Atlanta made the city a hub for the distribution of military supplies, in 1864, the Union Army moved southward following the capture of Chattanooga and began its invasion of north Georgia. On the next day, Mayor James Calhoun surrendered Atlanta to the Union Army, on November 11,1864, Sherman prepared for the Union Armys March to the Sea by ordering Atlanta to be burned to the ground, sparing only the citys churches and hospitals. After the Civil War ended in 1865, Atlanta was gradually rebuilt, due to the citys superior rail transportation network, the state capital was moved from Milledgeville to Atlanta in 1868. In the 1880 Census, Atlanta surpassed Savannah as Georgias largest city, by 1885, the founding of the Georgia School of Technology and the citys black colleges had established Atlanta as a center for higher education. In 1895, Atlanta hosted the Cotton States and International Exposition, during the first decades of the 20th century, Atlanta experienced a period of unprecedented growth. In three decades time, Atlantas population tripled as the city expanded to include nearby streetcar suburbs
8.
Boston
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Boston is the capital and most populous city of the Commonwealth of Massachusetts in the United States. Boston is also the seat of Suffolk County, although the county government was disbanded on July 1,1999. The city proper covers 48 square miles with a population of 667,137 in 2015, making it the largest city in New England. Alternately, as a Combined Statistical Area, this wider commuting region is home to some 8.1 million people, One of the oldest cities in the United States, Boston was founded on the Shawmut Peninsula in 1630 by Puritan settlers from England. It was the scene of several key events of the American Revolution, such as the Boston Massacre, the Boston Tea Party, the Battle of Bunker Hill, and the Siege of Boston. Upon U. S. independence from Great Britain, it continued to be an important port and manufacturing hub as well as a center for education, through land reclamation and municipal annexation, Boston has expanded beyond the original peninsula. Its rich history attracts many tourists, with Faneuil Hall alone drawing over 20 million visitors per year, Bostons many firsts include the United States first public school, Boston Latin School, first subway system, the Tremont Street Subway, and first public park, Boston Common. Bostons economic base also includes finance, professional and business services, biotechnology, information technology, the city has one of the highest costs of living in the United States as it has undergone gentrification, though it remains high on world livability rankings. Bostons early European settlers had first called the area Trimountaine but later renamed it Boston after Boston, Lincolnshire, England, the renaming on September 7,1630 was by Puritan colonists from England who had moved over from Charlestown earlier that year in quest of fresh water. Their settlement was limited to the Shawmut Peninsula, at that time surrounded by the Massachusetts Bay and Charles River. The peninsula is thought to have been inhabited as early as 5000 BC, in 1629, the Massachusetts Bay Colonys first governor John Winthrop led the signing of the Cambridge Agreement, a key founding document of the city. Puritan ethics and their focus on education influenced its early history, over the next 130 years, the city participated in four French and Indian Wars, until the British defeated the French and their Indian allies in North America. Boston was the largest town in British America until Philadelphia grew larger in the mid-18th century, Bostons harbor activity was significantly curtailed by the Embargo Act of 1807 and the War of 1812. Foreign trade returned after these hostilities, but Bostons merchants had found alternatives for their investments in the interim. Manufacturing became an important component of the economy, and the citys industrial manufacturing overtook international trade in economic importance by the mid-19th century. Boston remained one of the nations largest manufacturing centers until the early 20th century, a network of small rivers bordering the city and connecting it to the surrounding region facilitated shipment of goods and led to a proliferation of mills and factories. Later, a network of railroads furthered the regions industry. Boston was a port of the Atlantic triangular slave trade in the New England colonies
9.
Denver
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Denver, officially the City and County of Denver, is the capital and most populous municipality of the U. S. state of Colorado. Denver is in the South Platte River Valley on the edge of the High Plains just east of the Front Range of the Rocky Mountains. The Denver downtown district is immediately east of the confluence of Cherry Creek with the South Platte River, Denver is nicknamed the Mile-High City because its official elevation is exactly one mile above sea level, making it the highest major city in the United States. The 105th meridian west of Greenwich, the reference for the Mountain Time Zone. Denver is ranked as a Beta- world city by the Globalization and World Cities Research Network. With a 2015 estimated population of 682,545, Denver ranks as the 19th-most populous U. S. city, and with a 2. 8% increase in 2015, the city is also the fastest-growing major city in the United States. The 10-county Denver-Aurora-Lakewood, CO Metropolitan Statistical Area had an estimated 2015 population of 2,814,330 and ranked as the 19th most populous U. S. metropolitan statistical area. The 12-city Denver-Aurora, CO Combined Statistical Area had an estimated 2015 population of 3,418,876, which ranks as the 16th most populous U. S. metropolitan area. Denver is the most populous city of the 18-county Front Range Urban Corridor, Denver is the most populous city within a 500-mile radius and the second-most populous city in the Mountain West after Phoenix, Arizona. In 2016, Denver was named the best place to live in the USA by U. S. News & World Report and this was the first historical settlement in what was later to become the city of Denver. The site faded quickly, however, and by the summer of 1859 it was abandoned in favor of Auraria, Larimer named the townsite Denver City to curry favor with Kansas Territorial Governor James W. Denver. Larimer hoped the name would help make it the county seat of Arapaho County but, unbeknownst to him. The location was accessible to existing trails and was across the South Platte River from the site of seasonal encampments of the Cheyenne, the site of these first towns is now the site of Confluence Park near downtown Denver. Larimer, along with associates in the St. Charles City Land Company, sold parcels in the town to merchants and miners, Denver City was a frontier town, with an economy based on servicing local miners with gambling, saloons, livestock and goods trading. In the early years, land parcels were often traded for grubstakes or gambled away by miners in Auraria, in May 1859, Denver City residents donated 53 lots to the Leavenworth & Pikes Peak Express in order to secure the regions first overland wagon route. Offering daily service for passengers, mail, freight, and gold, in 1863, Western Union furthered Denvers dominance of the region by choosing the city for its regional terminus. The Colorado Territory was created on February 28,1861, Arapahoe County was formed on November 1,1861, Denver City served as the Arapahoe County Seat from 1861 until consolidation in 1902. In 1867, Denver City became the territorial capital, with its newfound importance, Denver City shortened its name to Denver
10.
Houston
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Houston is the most populous city in the state of Texas and the fourth-most populous city in the United States. With a census-estimated 2014 population of 2.239 million within an area of 667 square miles, it also is the largest city in the southern United States and the seat of Harris County. Located in Southeast Texas near the Gulf of Mexico, it is the city of Houston–The Woodlands–Sugar Land. Houston was founded on August 28,1836, near the banks of Buffalo Bayou and incorporated as a city on June 5,1837. The city was named after former General Sam Houston, who was president of the Republic of Texas and had commanded, the burgeoning port and railroad industry, combined with oil discovery in 1901, has induced continual surges in the citys population. Houstons economy has an industrial base in energy, manufacturing, aeronautics. Leading in health care sectors and building equipment, Houston has more Fortune 500 headquarters within its city limits than any city except for New York City. The Port of Houston ranks first in the United States in international waterborne tonnage handled, the city has a population from various ethnic and religious backgrounds and a large and growing international community. Houston is the most diverse city in Texas and has described as the most diverse in the United States. It is home to cultural institutions and exhibits, which attract more than 7 million visitors a year to the Museum District. Houston has a visual and performing arts scene in the Theater District. In August 1836, two real estate entrepreneurs from New York, Augustus Chapman Allen and John Kirby Allen, purchased 6,642 acres of land along Buffalo Bayou with the intent of founding a city. The Allen brothers decided to name the city after Sam Houston, the general at the Battle of San Jacinto. The great majority of slaves in Texas came with their owners from the slave states. Sizable numbers, however, came through the slave trade. New Orleans was the center of trade in the Deep South. Thousands of enslaved African Americans lived near the city before the Civil War, many of them near the city worked on sugar and cotton plantations, while most of those in the city limits had domestic and artisan jobs. Houston was granted incorporation on June 5,1837, with James S. Holman becoming its first mayor, in the same year, Houston became the county seat of Harrisburg County and the temporary capital of the Republic of Texas
11.
Irvine, California
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Irvine is an affluent city in Orange County, California, United States. It is a city, the Irvine Company started developing the area in the 1960s. Formally incorporated on December 28,1971, the 66-square-mile city had a population of 212,375 as of the 2010 census, a number of corporations, particularly in the technology and semiconductor sectors, have their national or international headquarters in Irvine. The Gabrieleño indigenous group inhabited Irvine about 2,000 years ago, gaspar de Portolà, a Spanish explorer, came to the area in 1769, which led to the establishment of forts, missions and cattle herds. The King of Spain parceled out land for missions and private use, after Mexicos independence from Spain in 1821, the Mexican government secularized the missions and assumed control of the lands. It began distributing the land to Mexican citizens who applied for grants, three large Spanish/Mexican grants made up the land that later became the Irvine Ranch, Rancho Santiago de Santa Ana, Rancho San Joaquin and Rancho Lomas de Santiago. In 1864, Jose Andres Sepulveda, owner of Rancho San Joaquin sold 50,000 acres to Benjamin and Thomas Flint, Llewellyn Bixby, in 1866, Irvine, Flint and Bixby acquired 47, 000-acre Rancho Lomas de Santiago for $7,000. After the Mexican-American war the land of Rancho Santiago de Santa Ana fell prey to tangled titles, in 1868, the ranch was divided among four claimants as part of a lawsuit, Flint, Bixby and Irvine. The ranches were devoted to sheep grazing, however, in 1870, tenant farming was permitted. In 1878, James Irvine acquired his partners interests for $150,000 and his 110,000 acres stretched 23 miles from the Pacific Ocean to the Santa Ana River. The ranch was inherited by his son, James Irvine, Jr. who incorporated it into The Irvine Company, James, Jr. shifted the ranch operations to field crops, olive and citrus crops. In 1888, the Santa Fe Railroad extended its line to Fallbrook Junction, north of San Diego, the town that formed around this station was named Myford, after Irvines son, because a post office in Calaveras County already bore the family name. The town was renamed Irvine in 1914, by 1918,60,000 acres of lima beans were grown on the Irvine Ranch. Two Marine Corps facilities, MCAS El Toro and MCAS Tustin, were built during World War II on ranch land sold to the government, James Irvine, Jr. died in 1947 at the age of 80. His son, Myford, assumed the presidency of The Irvine Company and he began opening small sections of the Irvine Ranch to urban development. The Irvine Ranch played host to the Boy Scouts of Americas 1953 National Scout Jamboree, Jamboree Road, a major street which now stretches from Newport Beach to the city of Orange, was named in honor of this event. David Sills, then a young Boy Scout from Peoria, Illinois, was among the attendees at the 1953 Jamboree, Sills came back to Irvine as an adult and went on to serve four terms as the citys mayor. The same year, the University of California asked The Irvine Company for 1,000 acres for a new university campus, the Irvine Company sold the requested land for $1 and later the state purchased an additional 500 acres
12.
San Francisco
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San Francisco, officially the City and County of San Francisco, is the cultural, commercial, and financial center of Northern California. It is the birthplace of the United Nations, the California Gold Rush of 1849 brought rapid growth, making it the largest city on the West Coast at the time. San Francisco became a consolidated city-county in 1856, after three-quarters of the city was destroyed by the 1906 earthquake and fire, San Francisco was quickly rebuilt, hosting the Panama-Pacific International Exposition nine years later. In World War II, San Francisco was a port of embarkation for service members shipping out to the Pacific Theater. Politically, the city votes strongly along liberal Democratic Party lines, San Francisco is also the headquarters of five major banking institutions and various other companies such as Levi Strauss & Co. Dolby, Airbnb, Weebly, Pacific Gas and Electric Company, Yelp, Pinterest, Twitter, Uber, Lyft, Mozilla, Wikimedia Foundation, as of 2016, San Francisco is ranked high on world liveability rankings. The earliest archaeological evidence of habitation of the territory of the city of San Francisco dates to 3000 BC. Upon independence from Spain in 1821, the became part of Mexico. Under Mexican rule, the system gradually ended, and its lands became privatized. In 1835, Englishman William Richardson erected the first independent homestead, together with Alcalde Francisco de Haro, he laid out a street plan for the expanded settlement, and the town, named Yerba Buena, began to attract American settlers. Commodore John D. Sloat claimed California for the United States on July 7,1846, during the Mexican–American War, montgomery arrived to claim Yerba Buena two days later. Yerba Buena was renamed San Francisco on January 30 of the next year, despite its attractive location as a port and naval base, San Francisco was still a small settlement with inhospitable geography. The California Gold Rush brought a flood of treasure seekers, with their sourdough bread in tow, prospectors accumulated in San Francisco over rival Benicia, raising the population from 1,000 in 1848 to 25,000 by December 1849. The promise of fabulous riches was so strong that crews on arriving vessels deserted and rushed off to the gold fields, leaving behind a forest of masts in San Francisco harbor. Some of these approximately 500 abandoned ships were used at times as storeships, saloons and hotels, many were left to rot, by 1851 the harbor was extended out into the bay by wharves while buildings were erected on piles among the ships. By 1870 Yerba Buena Cove had been filled to create new land, buried ships are occasionally exposed when foundations are dug for new buildings. California was quickly granted statehood in 1850 and the U. S. military built Fort Point at the Golden Gate, silver discoveries, including the Comstock Lode in Nevada in 1859, further drove rapid population growth. With hordes of fortune seekers streaming through the city, lawlessness was common, and the Barbary Coast section of town gained notoriety as a haven for criminals, prostitution, entrepreneurs sought to capitalize on the wealth generated by the Gold Rush
