New York is the most populous city in the United States and the center of the New York metropolitan area, which is one of the most populous metropolitan areas in the world. New York City has a significant impact on global commerce, finance, media, culture, art, fashion, research, education, and entertainment. As host of the United Nations Headquarters, it is also an important center for international affairs.
The city is often referred to as New York City or the City of New York, to distinguish it from the state of New York, of which it is a part. European settlement began with the founding of a Dutch fur trading settlement, later called "Nieuw Amsterdam" (New Amsterdam), on the southern tip of Manhattan in 1614. Dutch colonial Director-General Peter Minuit purchased the island of Manhattan from the Lenape in 1626 for a value of 60 guilders (about $1000 in 2006); In 1664, the city was surrendered to the English and renamed "New York" after the English Duke of York and Albany.
New York grew in importance as a trading port while under British rule.
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