Saturday, October 20, 2007 

A History of New York City - Exploration, Immigration and Development

Anybody who has seen Martin Scorceses Gangs of New York will be aware of what New Yorks Five Points was, or perhaps even still is. It typifies a large city that was the focus of immigration in the 19th century, not only from Ireland as portrayed in the film, but from many other parts of Europe.

However, New York began long before Martin Scorcese or Daniel Day-Lewis and Cameron Diaz were even a twinkle in somebodys eye, unless that person was resurrected from an earlier life in the early 16th century. For it was then than Giovanna Di Verrazzano visited New York City! There was no Times Square then, however, and no Statue of Liberty: they were to come later in the history of New York City. There was a likely looking harbour, a couple of large islands and some indigenous native settlements, including the Lenape and Manahattoes.

It was not Verrazzano who was responsible for the beginning of the history of New York as we know it however, it was Henry Hudson. Hudson, contrary to many who think him English, was Dutch, and he claimed the area for Holland. In fact, the whole area, including most of what is now known as New York State, was given the name New Holland. What was to b come New York City was called New Amsterdam, and so it continued until 1664.

In fact, Dutchman Peter Minuet is reputed to have paid the Canarsees Indians only $65 for the city, though others claim it was for Manhattan Island. Since dollars did not exist then, and it is unlikely that Native Americans traded in European currency, such tales can be taken with a pinch of salt.

In 1664, Peter Stuyvesant, the Governor of New Amsterdam, lost the city to the British. New Amsterdam is frequently associated with the island of Manhattan, but it also included surrounding areas that are now parts of Brooklyn. It was, after all, new Holland that was lost to the British and not just New Amsterdam. An interesting fact from this era of American history is that the Dutch West India Company, that had great influence in then Eastern seaboard of North America, responded to Stuyvesants pleas for help by providing the finance to build a spiked wall across the northern end of the island to protect the population from the invaders. This is now known as Wall Street!

However, British naval power beat the Dutch, and Manhattan and New York were taken without the wall being involved. The whole colony that became the state, and the city, were renamed New York by the British after James, Duke of York, later to b come king.

New York has always been a strategically important port due to its situation with respect to Europe and access to the Americas. Britain never gave New York City up until 1783, when they left New York for good. In 1789, George Washington was inaugurated as first president of the United States in Wall Street and Federal Hall and New York became, for a short time, the fist capital of the USA. Many think that Philadelphia was the first capital, but that is false. It did not b come capital for another year.

Then came mass immigration in the mid 1800s, and the Five Points that were certainly not fiction. What is displayed in Martin Scorceses film is based on fact, and that five-way intersection was the focal point of gang meetings and fatal confrontations. Parts of New York City slid in to degradation, and in many areas the Irish and Tammany Hall ruled New York with the aid of the Irish gangs and corrupt politicians. William Marcy Boss Tweed ruled with a rod of corrupt iron. He was exposed through the rough justice of one of his associates ratting on him because of not receiving a sufficient share of the slush fund.

There then followed a period of affluence into the 1900s, exemplified by the construction of the New York subway in 1904, and Grand Central Terminal in 1911, to b come the biggest station in the world. Paradoxically, the building of the tallest building in the world, the Chrysler Building, in 1929, superseded a year later by the Empire State Building, coincided with the biggest fall in the world: the Wall Street Crash of 1929 that signalled the start of the Great Depression. This continued through the 1930s but the Second World War heralded the beginning of a new era.

From 1945 onward, New York has flourished, and although it has been subjected to many heinous terrorist attacks, it remains the worlds financial capital and one of the greatest cities on earth.

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Forex Day Trading - Critical Facts You Need To Know

Here we are going to look at the facts in relation to forex day trading that are essential to learn if you do not want to lose your money. Lets look at forex day trading in more detail and how to make money from it.

You will see more adverts for forex day trading systems than any other method of trading and the headlines are enticing: scalp 100 pips a day, make a regular i come, make 100k per annum etc

FACT: All Daily Volatility Is Random

The problem is that Forex day trading simply doesnt work and the above headlines are simply advertising hype. These vendors making money selling systems to naive or greedy traders not trading their systems!

So why doesnt day trading work?

Well its pretty obvious and common sense the time period is to short.

All volatility in daily time frames is random and support and resistance levels are meaningless you cant get the odds in your favour so you will lose PERIOD

If you think about it there are millions of traders trading trillions of dollars each day and to say that you can predict what this diverse mass will do in a few hours is laughable.

If you dont believe that day trading doesnt work try this task Ask any vendor selling a forex day trading course for their real time track record of profits over two years and see if you get one.

Get ready for a long search!

Of course you wont get one because these systems are never traded by the vendor.

What you will get are testimonials (friends or made up) or a hypothetical track record of outstanding profits which is not worth the paper its written on.

For those of you who dont know what a hypothetical track record is - its one thats done in hindsight, knowing the closing prices well that hard!

Lets see - if I knew the prices in advance I would be a multi millionaire but we dont know the price in advance and its a lot harder in the real world!

The biggest myth in currency trading is that you can make money in Forex day trading You cant.

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On all aspects of b coming a profitable trader including: Free, weekly and daily newsletters, and some essential here /index.html

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