The Incredible Economy of New York City
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@EconomicsExplained 4 місяці тому
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@PXAbstraction 4 місяці тому
Scam company that you should be ashamed for endorsing.
@undercoverduck 4 місяці тому
seriously, this sponsor again?
@HxTurtle 4 місяці тому
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@femstora 4 місяці тому
@@undercoverduckA contract is a contract
@undercoverduck 4 місяці тому
@@femstora could not have thought of worse legal advice or a worse excuse
@Kholdstare52 4 місяці тому
Maybe there should be a separate city leaderboard, London, Seoul, Moscow, Lagos, ...so many wonderful places to explore
@JasperKlijndijk 4 місяці тому
amsterdam please, wich is actualy randstad as a whole, the west of the netherlands is one big city not a few seperate ones
@RhettPrice-mm1ss 4 місяці тому
Houston! Monterrey!
@deyoungyoung3059 4 місяці тому
Yes I love Amsterdam.
@benthezomboni2701 4 місяці тому
Chicago too
@jonnycoolg 4 місяці тому
Yeah agreed! Would be such a fun series
@InRealTime769 4 місяці тому
Something that you left out about New York is how its a part of the North East Corridor. While New York is definitely the biggest, the fact there are nearby major cities like Philadelphia and Boston, which have their own major ports, industries, and manufacturing, really adds a ton of synergy. In a lot of ways, it acts like one ginormous mega city
@fort809 4 місяці тому
Yep, the northeast megalopolis. I live near Philly, and driving down I-76 it can be hard to tell where the city begins and other towns end. It seems like more of a political and social distinction at this point than anything else
@Obloms 4 місяці тому
Yeah, basically from DC up to Boston is essentially one big giant corridor that houses much of US economy.
@scottfrazer4669 4 місяці тому
Very true, which makes it even more tragic that we don’t have proper high speed rail along the corridor
@NazriB 4 місяці тому
Lies again? Serie A Leader Red Bull
@MelGibsonFan 4 місяці тому
Soooo… Mega City One?
@danielkrall6501 4 місяці тому
New York has done a great job of navigating through the last 200 years and maintaining its relevancy. It has fallen on some hard times in the past, and faced steep competition from growing metropolises both in the USA as well as abroad. It was really declining in the 70's until the early 90's but punched through it and got itself back on its feet. As far as its economic output in comparison with the rest of the state, Upstate NY really hasn't recovered from outsourcing. Rochester, Syracuse, Albany/Schenectady all used to be almost like the Sillicone Valley of 100 years ago. GE, Xerox, Kodak, etc. and more all called Upstate NY home, and much like the rust belt before them really took a huge hit when those companies left. I used to live in Upstate NY, and as much as some places try, they haven't meaningfully found a way to get anything really going. It's sad. And, much like the Jersey Shore, there's towns like Hudson and Kingston that used to have a lot of money because they were the city's upper class getaway towns, but really struggle with decline and declining populations. There's typically a lot of animosity between everything below the Tapanzee Bridge and everything above. It's codified in the fact that the vast majority of Upstate NY is bright red and poor, and the City is bright blue and isn't. It's been that way for most of the 42 years that I've been alive and I don't see it changing anytime soon.
@CityLover117 4 місяці тому
Don’t forget IBM Watson was born in the Binghamton area, about 40 miles south of Syracuse l
@CortexNewsService 4 місяці тому
I hadn't known that the division point was so specific at the Tappanzee, but this tracks. My mom's side of the family is from western New York. I've seen how that region has struggled and how far to the right my relatives have become.
@elli6220 4 місяці тому
Upstate NY isn't really that red. It voted for Biden! The rural areas are red but Buffalo, Syracuse, Rochester, Albany, etc are blue.
@kevinburke9940 4 місяці тому
200 years? It was founded in 1624, almost twice that. That’s a mighty long time 😅
@Alphabunsquad 4 місяці тому
@@kevinburke9940yeah but it wasn’t globally relevant at that point
@liversuccess1420 4 місяці тому
It's interesting to consider how New York's, and the USA's histories would've been different if Governor DeWitt Clinton had not pushed for the Erie Canal. That enabled NYC to access the resource wealth of the country's interior. If the canal hadn't been built, the vast majority of that resource wealth would have gone down the Mississippi, and New Orleans would've been the greatest port in North America. New Orleans did ok, but the Canal transformed NYC into *the* major port for over a century and vastly changed the American economy. Without the canal, the South, and eventually, the Confederacy, would've been different too.
@danielzhang1916 4 місяці тому
I'm not so sure, there would always be a need for a link from Chicago to NY, the railroads made that inevitable, yes the Mississippi River is very important too, but I don't see how New Orleans would compare, it's always about location location, there's a reason why NYC Boston Philadelphia etc. were able to develop much faster than others
@jmurphy6767 4 місяці тому
The Canal changed history and built cities and financial empires. But its useful life was brief.
@eddygci8 4 місяці тому
I’m not so sure New Orleans would’ve been the greatest port in North America. Traveling to it from a foreign perspective doesn’t seem as useful and the coast lines. Unless your coming from South America maybe.
@Sparta955 3 місяці тому
@@danielzhang1916 They were able to develop faster because they were the first cities in the country, had natural ports and were close to Europe. A railroad from IL over the mountains of NY and PA were never going to outcompete water based transit.
@danielzhang1916 3 місяці тому
@@Sparta955 that's not what I said, there had to be a link from Chicago to the East Coast, I didn't say anything about competing against them, that was never the point of the railroad, and New Orleans would have been even more unlikely
@badluck5647 4 місяці тому
Three of the US's economic centers: New Year's wall street San Francisco's silicone valley Houston's refineries
@georgerogers1166 4 місяці тому
Dallas with general consumer industries
@tswagg504 4 місяці тому
Chicago is also a major financial center
@badluck5647 4 місяці тому
@@tswagg504 Keep telling yourself that
@AsianInvasionShen 3 місяці тому
Chicago easily counts as a major financial center. Basically all US options are cleared in Chicago via the Options Clearing Corp and it’s the US’s largest commodities/futures exchange
@tswagg504 3 місяці тому
@@AsianInvasionShen Thanks for correcting him, I didn’t feel like going into detail
@ZCSilver 4 місяці тому
The AI created stock images for factories was really weird.
@Evangelinerocks 4 місяці тому
Agreed, they’re ugly and it’s super disappointing to see AI images from a channel I respect.
@r99716 4 місяці тому
@@Evangelinerocks i respect them more now for using AI images despite knowing some luddites would complain
@howtoappearincompletely9739 4 місяці тому
@@r99716 It's not Ludditism when the results are less good. That conveyor belt for mugs did not reflect physical reality.
@r99716 4 місяці тому
@@howtoappearincompletely9739 the results are more unique, specialized, and cheaper than stock footage, and they trigger AI-haters. overall more good
@jolp9799 Місяць тому
@@r99716 glazing for AI pics is crazyyy
@aroto 4 місяці тому
You should make a different leaderboard for cities, since you seem to be exploring a lot lately. You can have them side by side at the end
@RichardFermion 4 місяці тому
agreed. There are so many interesting takes on what could make a single city so important, particularly when you think about when. Detroit was a big deal in the past. Personally I look at Seattle as a big thing today (boeing,microsoft, amazon, nordstrom, costco, and others) And that's not even thinking of cities that many overlook like Atlanta. All the fortune 5s that are based from there.
@vazquezcarlos 4 місяці тому
I live in Brooklyn, and it's amazing how much construction I see in every borough. It seems any empty lot is built on quickly, and old, dilapidated buildings are torn down to build new apartment complexes, every chance they can. Lots of the warehouses that are closest to the city, don't even exist anymore, and are either torn down or converted into apartments. And the upgrades they did to La Guardia Airport are phenomenal and is now my goto over JFK. They also offer free bus service from the train to each terminal. One thing NYC doesn't do well is build many new houses, or condos/coops, which makes it very hard to own here. Even some old houses are torn down and replaced with apartment buildings. I guess that's one reason homes prices have gone up so much the past couple of decades
@Allaiya. 4 місяці тому
I visited NYC a few years ago. Couldn't believe how huge it was. I'm just not used to huge cities like it.
@DCampusano1 4 місяці тому
Tokyo is even bigger than NYC.
@trollinape2697 4 місяці тому
@@DCampusano1I mean its metrapolitan area is like 3/4 of that of wales
@Knight_Kin 3 місяці тому
@@DCampusano1 Yes but I believe it's one of the few exceptions. NYC is still massive even if Tokyo is bigger.
@sabretooth1997 4 місяці тому
One possible explanation for NYC's economy being bigger than that of NYS is that the NYC metro by which that is measured also includes large swaths of likely the most economically productive areas of New Jersey and Connecticut as well.
@JD-ny3vz 4 місяці тому
You are correct
@brandonmaster7901 Місяць тому
Pennsylvania as well. It's not a huge part but parts of northeast PA fall under the NY metro area. So the NYC metropolitan area consists of basically all of New Jersey, southern NY, basically all of Connecticut, and parts of PA. It's truly a massive sphere of influence.
@eezyville1704 4 місяці тому
@4:32 One of those Lake Ontarios should be Lake Erie.
@bobjohnson3940 4 місяці тому
They don't call it the empire state for nothing. Excellent as always
@SmartChannel01 4 місяці тому
As someone whose lived here (Queens) my entire life. This puts a smile on my face
@elliotsmith9435 4 місяці тому
You should have an International City Leaderboard, that would be a great switch as you are starting to run out of countries. Keep up the great content! I watch all of your videos and have loved the two new channels!
@Fredreegz 4 місяці тому
The United States is the world's largest economy, almost predetermined by its massive abundance of agricultural land and industrial resources. New York City is its key port to Europe. Los Angeles is its key port to Asia.
@Kholdstare52 4 місяці тому
If you made this video an hour long I'd love it even more
@mohith2039 4 місяці тому
We cannot underestimate NYC's influence on the world.
@mbg9650 4 місяці тому
What make US distinctive is its capacity to finance ventures for innovation. Thing likely no country will accomplish under a dictatorship.
@henrymcdoo 4 місяці тому
@@mbg9650 I think you should replace "ventures for innovation" with "wars" then it will be much more appropriate if you ask the rest of the world. 😂
@xiphoid2011 4 місяці тому
@henrymcdoo actually, compared to the empires before, US is quite possibly the least bad one yet, more positive influenceon the world than negatives. It has a lot to do with it being a democracy. Just my take as a Chinese who studied in the US and choose to immigrate.
@vacnyc 4 місяці тому
@@xiphoid2011People seem to take this country for granted. They forget what empires of the past were like!
@louisnall3102 4 місяці тому
@@xiphoid2011also, speaking of immigration, the USA has the largest immigrant inventor population.
@SamMillers2ndChannel 4 місяці тому
A little note though - Ports of LA and Long Beach are right next to each other. Like, literally one ends and other begins. I would argue that they should be counted together for statistical purposes.
@RayRay-yt5pe 4 місяці тому
Man, I always look forward to your videos. I honestly think you're the one person that got me interested in economics
@matthewspeltz2185 4 місяці тому
Hello! Longtime watcher first time commenting. I noticed some of the AI-generated images in this video. It helped illustrate the point during the manufacturing section, but aspects of some of the "people" were off enough that it bothered me enough to leave a comment. Thank you for making content, it has been excellent at increasing my understanding of economics and some of the counter-intuitive pressures at play!
@DionEccles 4 місяці тому
Watching from Trinidad and Tobago! 🇹🇹🇹🇹🇹🇹 Can't wait to see us featured one day.
@johncurtis920 4 місяці тому
A great video, especially for those who may not be overly familiar with the region. Something from which I, as you can tell from my avatar icon, do not suffer. In any case I submit one of the primary reasons for NYC and the metro areas success is the density of built-out infrastructure. From telecom to water, sewer to roads and rails it's got an unrivaled level of complexity that's all its own. And let's not forget that its transit system is instrumental in the city's development and existence. You can think of it as the city's version of the Mississippi river. People, goods and services use it every single day to get about the place. But here's the thing city/national planners need to start seriously contemplating. Since the entire region is only a few tens of feet above current sea level it puts the whole of it in jeopardy if there's any truth to projected sea-level rise due to melting polar caps and the like. You flood the subway/transit system, for instance, and you strangle the city. And if you strangle the region you put a serious dint in the global competitive nature of the country as a whole. Just some thoughts.
@adityakundu3598 4 місяці тому
Economics Explained never fails to explain amazing economic stuff with relative ease!!
@ladhkay 4 місяці тому
chup bc
@lorenzo2179 4 місяці тому
Another big reason why there’s so much volume done at the ports along the Gulf is that that’s where the majority of the country’s refineries are located. Houston is the energy hub of the US (arguably the world) and South Louisiana has Henry Hub and other LNG major hubs
@tristan7216 4 місяці тому
Well, I thought the bay area CA was competitive with the NYC metro, but I looked it up and estimates range from $0.5T to $0.7T. Feeling inadequate now, thanks for that. Our per capita GDP's 89K, I think a little higher than NYC. But ever since I moved here, I've been reminded of Buffalo NY, where I lived for a while. The silicon valley of its day, it all blew away like smoke in the wind when industrial centers shifted around. Now they're tearing down abandoned houses there. NYC seems to have more economic depth, it won't fall until it sinks into the ocean, toward the end of this century.
@aviefern 4 місяці тому
When you mentioned the Yangtze River Delta, I wish you had also spoken about the Yellow River where Beijing is found and the Pearl River Delta where Guangzhou, Hong Kong, and Macau are found.
@andrewharris3900 4 місяці тому
Just say you want him to a video on China’s rivers. It’s a separate topic that probably deserves its own video rather than just a segment in a video about NY.
@Knight_Kin 3 місяці тому
Sure it's interesting to know about China's rivers too but I would like to see it's own video on it.
@aviefern 3 місяці тому
@@Knight_Kin I definitely agree. I think it would have been a nice mention here alluding to a future video. The topic itself is so interesting, and I've been following it for years.
@mr.billionaire_76 2 місяці тому
Thanks for Making these types of amazing case studies
@robertmariano 4 місяці тому
At 10:52, the presentation on New York City manufacturing, would be an interesting video on its own
@vincent_hall 4 місяці тому
Wow! I didn't realise what a port leader Louisiana still was.
@JavaoftheLava 4 місяці тому
With the UN being there you could argue it’s the capital of the world too. 🇺🇸🇺🇸🇺🇸
@aheat3036 4 місяці тому
New York City is the center of the world!
@Windows__2000 4 місяці тому
The AI imagery used should be albeled as such.
@adityasshukla 4 місяці тому
7:30 Unrelated to the video, what made you skip the stock exchanges in India on the map since they are one of the oldest in the world and one of the biggest by market cap?
@yaelcorrea5374 4 місяці тому
MAKE VIDEO ABOUT PUERTO RICO PLEASE
@crimsonninja6995 Місяць тому
You know I would really love a longform video about NYC, I feel like it's such an interesting and deep topic
@wilsonli5642 4 місяці тому
I've lived in New York for most of my life, and I'm still not sure what you were referring to when you talk about NY-based manufacturing "producing things to compete in New York". Are we talking about subway equipment or something? Pizzas? Theatrical lighting? Pianos? (Steinway, FWIW, DOES actually compete internationally.) The biggest manufacturing sector that I'm aware of in the greater NYC metro area is the chemical and pharmaceutical manufacturing in New Jersey, which is less expensive than the city proper, and the aerospace industry in Long Island, which I think is mostly defunct these days. I suppose some of the media industry, particularly print media, might be classified as manufacturing, but that might depend on the statistical agency.
@egorbananov7738 3 місяці тому
acktually In October 2023, the top exports of New York City, NY were Gold ($2.36B), Diamonds ($1.17B), Jewellery ($939M), Vaccines, blood, antisera, toxins and cultures ($877M), and Paintings ($868M). In October 2023 the top imports of New York City, NY were Diamonds ($1.39B), Refined Petroleum ($1.2B), Commodities not elsewhere specified ($1.18B), Cars ($1.14B), and Paintings ($1.11B).
@john-carl2054 4 місяці тому
“This is New York!” -New Yorker
@rahulshivaram1510 Місяць тому
Those companies are not only larger than the market cap of every company in Oz, their valuations are the GDP of Australia + Indonesia
@jmurphy6767 4 місяці тому
Negligible cargo moves through the old Erie Canal between Albany and Buffalo (the Hudson and the Great Lakes) today. Ship cargo destined for inland moves through the St Lawrence Seaway.
@bugzeman 4 місяці тому
Awesome as always! do London next.
@sethc4758 4 місяці тому
one thing i would add for it's success is the fact that for hundreds of years it was the first place immigrants would arrive at in the great melting pot, and those immigrants arrived there in hopes of building a better life than they had in their homelands. the stock market is a big part of why New York became dominant but still you have to account for the infrastructure which took thousands of dreamers who wanted to develop large buildings that would earn lots of money and the millions of immigrants who built those buildings just looking to earn a better wage then they could back home.
@GN-Gakkou Місяць тому
"New York may be the most important city in al of human history"😂😂😂💀💀💀
@joplin8433 Місяць тому
Ah yes, emoji spam, that'll prove him wrong.
@hockeytops 4 місяці тому
I forget the exact quote or speaker, but it goes something like, "Oh honey, this isn't America, this is New York" 😆
@PartyNiga 4 місяці тому
Hmm i dunno man the ancient rome was pretty important too but Let's hear your point
@Matt_K 4 місяці тому
The problems of NYC are not economics related, at least in the grand scheme of things. They are social problems first and foremost that impact economy of the city. The city unfortunately needs a strong mayor who won't answer to whoever is pulling the strings behind and also a strong district attorney who won't succumb to political corruption.
@ishaansingh6973 4 місяці тому
Totally agreed.
@sentfromheaven00 4 місяці тому
However, NYC is arguably the least bad city in America when it comes to these issues. There is a far higher share of the homeless population of NYC in shelters than in San Francisco, for example, where it is nearly impossible to build shelters due to NIMBYs.
@Matt_K 4 місяці тому
@@sentfromheaven00 That is true but the importance of NYC should put greater focus on these issues. And in NY homelessness is less of an issue compared to cities with warmer climate, however, crime and mental struggles make big impact.
@bharathirajkumar 4 місяці тому
Harvey Dent is required 🤣🤣🤣🤣
@dony2852 4 місяці тому
I would disagree if only because most of the social issues cannot be separated from the economic. Homelessness would not be such an issue if not for the high cost of living. Much of the worst corruption is due to businesses, large and small, buying influence. Crime itself has serious economic effects on the city, forcing many notable businesses to close this year alone. That said, you are 100% correct to say strong leadership and an effective justice system is especially critical to the welfare of the city. It seems too many people don't know what NYC was like in the '70s to mid '90s.
@twilightcitystudios 4 місяці тому
I would like to see a video on Chicago!
@floydblandston108 4 місяці тому
NYC also has a hugely productive hinterlands region, with a population density along European lines, fertile productive farm and forestlands, all of it well watered, and with a moderate climate. This has developed a ring of smaller urban centers specializing in the sort of 'break of bulk' and industrial production 'the city' is too expensive for, all of them within the critical 4-8 hour transport time. This gives NYC a 'least cost' advantage over many of its competitors added to its low cost usage of clean, renewable hydro-electric power from NY states access to Niagara Falls and the St. Lawrence River. We make Braavos look like Jakarta....😁
@painfullyhuman 2 місяці тому
yorker spotted
@floydblandston108 2 місяці тому
@@painfullyhuman - Yup; it's like being born on third base in the baseball game of life.
@SaiSS961 2 місяці тому
7:32. You put a map of worlds' stock markets and you miss Mumbai, home to the two largest stock excahnges of the world in top 10. 😂😂
@stevedavenport1202 4 місяці тому
I would like to hear some concrete examples of local manufacturing companies
@deleted-something 4 місяці тому
pretty interesting
@gadaadhoon 4 місяці тому
Correction: the Spanish founded St Augustine in Florida in 1565, which was before the Amsterdam stock exchange opened in 1602.
@RBzee112 2 місяці тому
St Augustine was a commodities exchange (mostly slaves), not a stock exchange.
@sharky7002 4 місяці тому
Without New York we wouldn’t have the avengers or the Tmnt so it was definitely worth it
@gutsmasterson2488 4 місяці тому
Not just the avengers, a lot of early Marvel characters were based in real places in New York City. There were exceptions like The Hulk and Iron Man, but they were heroes first to their city than to the world.
@okene 4 місяці тому
More importantly, Daredevil and Batman!
@Batmans_Pet_Goldfish 4 місяці тому
And let's not forget our friendly neighborhood Spider-Man.
@NEIL333-bv7nd 4 місяці тому
@@Batmans_Pet_GoldfishAbsolutely spider man is the one reason I wish to visit NYC one day
@stephenjohnson1758 4 місяці тому
I need to do some research but its likely the difference on GDP between NY state and city could be commuters working in NY city and consuming in the wider NY area thus larger imports for the state than the city
@johnchou7488 4 місяці тому
Rome respectfully disagrees that New York is the most important city in human history
@ejtattersall156 4 місяці тому
Rome was important in the Mediterranean, not the globe.
@andrepazzetti5246 4 місяці тому
As does Babylon, Jerusalem, Beijing, Baghdad, Constantinople, London...
@okene 4 місяці тому
Rome wasn't even the capital of the Roman empire de facto nor de jure for centuries.
@jeanpierreviergever1417 4 місяці тому
@@okeneNew York is not the capital of the US either.
@jeanpierreviergever1417 4 місяці тому
@@ejtattersall156perhaps check the language that you speak….
@johnl5316 4 місяці тому
Stanford alumni have founded numerous companies, which combined produce more than $2.7 trillion in annual revenue.
@damyor 4 місяці тому
Love your videos! Is there paid option somewhere to watch them without the ads(talking about the sponsored ads)?
@AwesomeHairo 4 місяці тому
It's not that serious. Just skip ahead.
@damyor 4 місяці тому
@@AwesomeHairo although that is true, there are some cases (phone, TV, etc.) where moving back and forward is not as convenient. Furthermore this channel doesn't mark in any way where the add will finish. So that said, since I totally understand and support the creators need to actually make profit and continue operations, I actually prefer to pay directly to them, instead of having advertisements.
@AwesomeHairo 4 місяці тому
@@damyor On the phone, just double tap until he finishes with the promotion.
@thepopcornwizard 4 місяці тому
Both of my favorite lakes at 4:32 Lake Ontario and Lake Ontario
@mattitude4464 4 місяці тому
Idea. Make multiple leaderboards. Country, province/state and city. Then do comparisons between them
@jono_ok 4 місяці тому
As a suggestion, rename the leaderboard to Economic Entity Leaderboard, or EE Leaderboard 😉
@rca4788 4 місяці тому
"Anything we can put on a map leaderbord " 😂😂😂
@gorilladisco9108 4 місяці тому
Ackhchually, China economy is not just based on Yangzi river, but there are other big river where their trades are also conducted. the Pearl river, where the cities of Hong Kong and Guangdong are located.
@zacklewis342 4 місяці тому
Ackhchually, he said 40%.
@maciek_k.cichon 4 місяці тому
Can't wait to see New New New New New New New New New New New York's impact in few thousand years. I mean, not that I will see it but I'll bet it would've been fun.
@dirklangohr 4 місяці тому
Interesting try to include AI generated images, but at the current state of technology I still prefer stock images :)
@angryparrot 4 місяці тому
EE, I would like to let you know that I've noticed the AI photos. I get it. It's cheaper. But it's also worse. THE TRAGEDY OF THE COMMONS IS NIGH.
@dakshitchhadwa2454 4 місяці тому
Your content is really insightful. Throughout the video I was thinking about Mumbai (My home) is so relatable to New York City even though I've never been to the States.
@Nick0wnsz 2 місяці тому
Indian or south Asians in general don’t care about outside hygiene due to caste. Vietnam is poor but not filthy like India
@stevenvasselljr.9278 4 місяці тому
As someone from nyc, nyc is its own state
@marcobernalolio7368 4 місяці тому
Awful AI images.
@NamanSachdeva12 4 місяці тому
interesting how at 7:26 in world global stock market. it does not feature any indian ones. though indian market is the 5th largest in the world just behind hong kong. but a lot of smaller ones do
@davidstouffer6627 4 місяці тому
You have two Lake Ontarios at 4:27. The one to the left should be Lake Erie.
@jessevandijk8349 4 місяці тому
U should call it 'Communities Leaderboard'
@toddtheisen8386 Місяць тому
The weakness: needing to channel enormous amounts of food and energy into NY area every day. Then channel the trash/sewage out. Either one of those aspects interrupted for a week and its rating means nothing.
@MrDadyD 4 місяці тому
You dont need to talk with a therapist if you are stressed and working to many hrs. What you need is get another job and also elect politicians that stop companies from abusing their employees
@lek1223 4 місяці тому
Deeply disagree about the premise of 'most important city in human history' There are a ton of cities in the middle east alone that have had a tremendous impact on human history such as baghdad and Damascus, other cities nearby such as samarkand, cairo, alexandria have all had a extended and deep impact, meanwhile, while new york is certainly an important city it is essentially just a newer and bigger London, if New York was never built or if it never took on prominence, there are plenty of east coast cities that could have taken on the mantle of financial hub instead, Philly, Boston, Washington, Baltimore etc. Its certainly one of the most influential cities of recent history, but hardly of human history
@matickovac Місяць тому
Actually, contrary to popular belief, the Dutch stock exchange was not the first globally, just the first in the West. It as already in the Song dynasty China, that people would buy and sell papers representing partial ownership of enterprises. Or at least, so I was told.
@MrSlim325 4 місяці тому
I would say Uruk would be, but what do i know
@lchonglchoo 4 місяці тому
There is no need to have a physical exchange anymore. Still didn’t explain why even nowadays why it is still so hard to move out of NYC
@uusername7454 4 місяці тому
the map at 1:44 looks wrong, looking at London or seoul for example
@madchiller123 4 місяці тому
Hey 4:27 why you have Lake Ontario on there twice. Lake Erie would like to have a word. Lol
@pathnet 4 місяці тому
New York gets a bad rap by terminally online idiots whom have never spent any time here. It is safe & easy to travel around without a car, the food is incredible, and it has an energy that is impossible to describe.
@quintessenceSL 4 місяці тому
Louis Rossmann.
@PanCynik 4 місяці тому
Yea, no way NY is most important city in human history. Did you ever heared about....Rome?
@terpinkov8770 Місяць тому
What’s the last big influential thing in the last 400 years from Rome
@RPaulfield 4 місяці тому
The Ohio river was missing from you map and that was huge for the Mississippi River economy and transportation
@mico77720 4 місяці тому
4:22 did it survived the Jones Act in NY?
@juatin2020 4 місяці тому
Why didn’t you talk about any specific local manufacturing in nyc? You brought it up and talked about the local consumption of the goods and economies of scale but didn’t give any specifics on what these local producers are making or how they are being affected by international players :/
@toomanymarys7355 4 місяці тому
Baking, fashion prototypes, takeout containers off the top of my head.
@Batmans_Pet_Goldfish 4 місяці тому
To be fair, that is enough for a video all its own.
@dalliravitejareddy3089 2 місяці тому
why are the Indian exchanges NSE or BSE not pinned on the map?
@Angular777 4 місяці тому
It's important to like what you're doing! I'm all for it! I understand that everyone has bills to pay though! A lot of my coworkers don't want to be doing what they're doing and are only doing it for a paycheck which again there's nothing wrong with it, but, then they get stuck in a rut.
@Harry93IT 4 місяці тому
still can't get over that you forgot to rank Italy 😂
@thetaomega7816 4 місяці тому
The plastic cup part is all AI, interesting to see you play around with it
@armintargaryen9216 4 місяці тому
The topic must be interesting but the statement in the miniature is an hilarious overstatement lol
@GeorgianMaxim 4 місяці тому
A London video would be much appreciated, thank you for the great content!
@nithsua 4 місяці тому
Let’s do some other financial capital of a country and see how each stack up to each other. Maybe Mumbai
@suryansahu 4 місяці тому
Nice 👍
@moderatelyapathetic3280 4 місяці тому
So the recent developments and tax revenue / expenses issues aren’t really material?
@samalexzander924 4 місяці тому
Why don't you make a city leaderboard
@jamesbyatt1 4 місяці тому
Hmm London has been around for over 1000years, and still vies with NY for top position…. Considering its cosmopolitan advantage, I’d say there’s no competition- still.
@PhoeniX199777 4 місяці тому
2000 years
@Skb2005 2 місяці тому
It’s not London because of the UK’s increasing irrelevance on the world stage. If it wasn’t for the need for tax evasion London would be even more irrelevant.
@DownwithEA1 4 місяці тому
Need some more coin drop sfx. I tease but ya do it a lot
@kalbarnes2494 4 місяці тому
Leading up to the civil war, before things like income taxes, tariffs from NYC merchants accounted for more than half of all US federal revenues.
@nerenahd 4 місяці тому
Rome was. NYC impact on humanity is not even close.
@fightswithspirits915 4 місяці тому
It sure has ripped my 401k apart a few times. I imagine it's a powerhouse.
@OenopionOenopion 4 місяці тому
No mention of New York as a leader in the field of medicine with several world-leading hospitals and only passing reference to New York law firms and courts.
@constitutionalcarrot3720 4 місяці тому
3rd gen New Yorker born and raised, chiming in: perhaps you should not have given us that last point back, as Lower Manhattan will definitely be underwater by 2052.
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