New York City Essay Example | Topics and Well Written Essays - 1500 words

New York City - Essay Example This essay declares that the city had a very important role in the development and history of America. However, in the early twenty first century, its worth increased with the Al Qaeda terrorist attacks in September 2011. Commercial jet airliners were hijacked on their way from Boston, Massachusetts, to Los Angeles, California. The pentagon was also bombed. The attacks caused the death of 3000 New York citizens. The city was a target for the terrorists because of its financial strength in America. The opening of Erie Canal secured the city’s economic dominance. It joined the Atlantic Ocean and the great lakes and created a wide economic domination for New York City. This paper makes a conclusion that in the late twentieth century, majority of New York workers secured employment in the new telecommunication and high technology industries. Businessmen continued to establish small companies and industries while former ones collapsed. New policies were adopted and the dramatic urban improvement helped reduce the rate of crime and urban poverty. The city also became a cultural centre ranging from hip hop and rap music, the genre that increased in popularity until today. Television programmes increased as well as a centre for cable networks. National newspapers such as wall street journal and New York Times were born. New York became a leading market in offering financial services such as banking, stock market, and investment banking.