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History 141, summer 2011 Shannon lopez Urbanization & New York City
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The New York Stock Exchange began on May 17, 1792 with 2 dozen stock brokers meeting under a buttonwood tree on Wall Street to discuss how they would handle the business created by Alexander Hamilton with the issuance of $80 million in government debt
DeWitt Clinton is claimed to be one of the most important men in New York and would be partly responsible for “the Grid” of New York that would level Manhattan and remove the nature from it

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Urbanization & New York City

  • 1. History 141, summer 2011 Shannon lopez Urbanization & New York City
  • 2.
  • 3. The New York Stock Exchange began on May 17, 1792 with 2 dozen stock brokers meeting under a buttonwood tree on Wall Street to discuss how they would handle the business created by Alexander Hamilton with the issuance of $80 million in government debt
  • 4. DeWitt Clinton is claimed to be one of the most important men in New York and would be partly responsible for “the Grid” of New York that would level Manhattan and remove the nature from it
  • 5. In 1811, he came up with a plan for New York to be able to transport its good inland to the west, the Erie Canal
  • 6. The Erie Canal was built by Clinton promising bankers that they would make money by lending through issuance of bonds
  • 7. The Erie Canal made America accessible though New York and made it the economic capitalEpisode 1:The Country and the City, 1609-1825
  • 8. Episode 6: City of Tomorrow, 1931-1940 The great depression was nothing like the booms or falls that the country had experienced before and the effects in New York were more visible than anywhere else in the country The financial services was the first to be effected and that set off a ripple effect that flowed to the garment district and the construction businesses Roughly 1.6 million of the population was on relief roles Hoovervilles were communities that were built along the east river and the Hudson as a result of the thousands that were evicted from their homes
  • 9. Episode 6: City of Tomorrow, Cont. In 1933, during its worst time, Fiorello LaGuardia, won the mayoral election by a small margin in New York’s highest turn out of voters He was called the “one man melting pot” being that he was Jewish and Italian and he celebrated diversity and differences LaGuardia would turn New York into a showcase for the New Deal which brought programs such as unemployment relief, long term initiatives in health and social security, public housing and labor reform all that were funded by the federal government Before the New Deal, citizens didn’t see the government as being responsible for them for things other that military protection and it showed that their government was taking responsibility to intervene economically