History
New York City, also known as the big apple was discovered by Giovanni Da
Verrazano in 1524, when he sailed into the area and landed there. In 1609 Henry
Hudson was the first person who actually settled there while he was searching
for a new route to Asia. At the time, they named the city New Amsterdam and
established as a Dutch trading colony. The name of the settlement eventually
became known as New York in 1664, when the British took control of the colonies.
New York City became an important city during the Revolutionary War period. In
the 1800's, with the opening of the Erie Canal providing passage to the Great
Lakes, New York became one of the most important sea ports on the Atlantic
Ocean, and became a center of trade. This lead to a huge population growth into
the largest city in the United States.
New York City also became a destination for immigrants coming in to the
country to begin a new life. In the early 1900's millions of people came though
Ellis Island seeking citizenship in the United States. A vast majority of these
immigrants settled in New York City, which today is still one of the most
diverse populations in the world.
Over time the city has grown to be a population center in the United States
as well as a center for various activities. New York City is known for
Broadway, the fabulous skyline, Central Park, Times Square, the Statue of
Liberty, top sports venues and teams, and is one of the top destinations for
tourists around the world.
Wall Street
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| Wall Street 1929 |
Wall Street is the name of a street in lower Manhattan
running east from Broadway downhill to the East River. Wall Street got its name
in the 17th century when the wall formed the northern boundary of the New
Amsterdam settlement erected for defensive purposes. Now the term includes all
business directly related to stock exchanges and the financial market. The term
has become known for financial markets of the United States as a whole, the
American financial sector, or signifying New York-based financial interests.
Wall Street is the home of the New York Stock Exchange. It is the world's
largest stock exchange by market capitalization. There are several other major
exchanges have or had headquarters in the Wall Street area, including NASDAQ,
the New York Mercantile Exchange, the New York Board of Trade, and the former American
Stock Exchange. Next to Wall Street, New York City is one of the world's
principal financial centers.
Wall Street is a major location of tourism in New York City.
Tour guides highlight places such as Trinity Church, the Federal Reserve gold
vaults 80 feet below street level, worth $100 billion, and the New York Stock
Exchange. A Scoundrels of Wall Street Tour is a walking historical tour. It includes
a museum visit and discussion of various financiers. Usually, artists make unprepared
performances. One chief attraction, the Federal Reserve Building in lower
Manhattan, paid $750,000 to open a visitors' gallery in 1997. The New York
Stock Exchange and the American Stock Exchange also spent money in the late
1990s to upgrade facilities for visitors. Attractions include the gold vault
beneath the Federal Reserve and to some tourists, staring down from the vault
became more exciting to them than visiting the Statue of Liberty.
Wall Street
until this day has become a huge historical landmark for New York and the
United States.
Fifth Avenue NYC
Fifth Avenue is a main area
for tourists in the center Manhattan in New York City. The section between 49th Street and 60th
Street is lined with high-status shops and is ranked among the most expensive
shopping streets in the world. Since the mid-1990s, the shopping district
between 49th and 57th Streets was ranked as having the world's most expensive
retail spaces on a cost per square foot basis. In 2008, Forbes magazine
ranked Fifth Avenue as being the most expensive street in the world. Some of
the most popular real estate on Fifth Avenue is the penthouses in the
buildings.
High Fashion shops on Fifth Avenue include Louis Vuitton, Tiffany & Co., Gucci, Prada, Bottega Veneta, Armani, Fendi, Versace, Tommy
Hilfiger, Cartier,
Omega, Chanel, BCBG Max Azria, Harry Winston, Salvatore
Ferragamo, Nike, Escada, Swarovski, Bvlgari, Emilio Pucci, Ermenegildo Zegna, Diesel, and many more. Fifth Avenue is also
home to luxury department stores such as Lord & Taylor, Saks Fifth Avenue, Barneys, & Bergdorf Goodman.
New York Fashion Week
New York Fashion
Week is held in February and
September of each year.This event usually lasts seven to nine days. International
fashion collections are shown to buyers, the press and the general public during a fashion show. It
consists of numerous branded events, including Mercedes-Benz Fashion Week New
York and MADE Fashion Week, as well as numerous
independent fashion productions around town. It is one of four major fashion weeks in the
world, including the ones held in Paris, London, and Milan. New York Fashion Week 2014 will be held on February 6-13th.
New York City’s importance has given people all over the
world a reason to go back continuously. With amazing sites for art and fashion,
as well as being the world center for finance and having beautiful scenery of
tall buildings and unique structures. We
are extremely excited to have the opportunity to travel to New York with our fashion
marketing professor and classmates!
