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The Stamp Act Congress was created.
On March 22, 1765, The British Parliament passed the Stamp Act, a tax that ouraged Americans. They believed that the Act was an attempt to undermine their commercial and political stregnth. Delgates from 9 of the 13 colonies met in New York City from October 7 through October 25, 1765 to discuss a response to the Stamp Act. It was a significant historical event becaue it was the first unified meeting of the American colonies to respond to British colonial policies. -
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The Stamp Act Congress was created.
On March 22, 1765, The British Parliament passed the Stamp Act.The Stamp Act was designed to raise revenue from the American Colonies by a duty tax. Outraged Americans and their colonial representatives met in New York to discuss a unified colonial response to the Stamp Act. The Stamp Act Congress drafted a Declaration of Rights and Grievances on October 19. This was an important event because it was the first time that American colonies protested in unison to British colonial policy. -
The first US Chamber of Commerce created.
The first US Chamber of Commerce was created in Fraunces Tavern, New York City, NY in 1768. It was created as a result of the Stamp Tax Act, passed by British Parliament in 1765.The purpose of its creation was to form associations of tradesmen organized for the protection and promotion of commerce.They promoted the sale of goods, organized markets, made and enforced rules of trade, protected goods in transit, and operated their own trading floors. Its charter had been confirmed in 1768. -
The New York Tea Party
Following the Boston Tea Party, New York Tea Party occurred in connection with two ships: The Nancy and the London. The Sons of Liberty took charge of the Nancy on April 8 and the London on April 22, dumping their tea chests into the river. Both the Boston and New York Tea Parties were precursors to the beginning of the American Revolution, which began sixteen months later. -
The Bank of New York was established.
The Bank of New York was established in 1784 by Alexander Hamilton. After the American Revolution, profits from land and security ventures grew, which encouraged the development of corporate enterprises, banking and insurance. Although the first national bank was established in Philadelphia, New York's status as the money mart of the nation led to the establishment of the Bank of New York. -
New York legislature passed a law on April 20, 1787 regulating the circulation of coppers.
New York legislature passed a law on April 20, 1787 regulating the circulation of coppers.This law prevented the circulation of counterfeit coppers. The enactment of this law eventually led to the passing of the The Coinage Act or the Mint Act, which established the United States Mint and reregulated the coinage of the United States. (Source) -
Society for the Encouragement of American Manufactures.
The Society for the Encouragement of American Manufactures was established in New York as part of a patriotic, country-wide effort to make America independent of English manufactured textiles. One of their first projects was the establishment of a linen mill on Vesey Street in New York City. -
The United States Treasury Department was created.
The First Congress of the United States created the Department of the Treasury for the management of government finances in 1789. (Source) -
CIRC RECORD: Alexander Hamilton
Circulation Record: Alexander Hamilton borrows "Edward Mortimer" from the New York Society Library. -
General Society pf Mechanics and Tradesmen established.
This organization represented the employers' interests in the leading crafts and trades of the time. The main function of this organization was devoted to mutual benevolence and social activities, often times providing food to the inmates of the Debtor's Jail. (Source) -
Buttonwood Agreement
This event started the New York Stock Exchange Board. Twenty-four New York City stockbrokers and merchants signed the Buttonwood Agreement on May 17, 1792, outside at 68 Wall Street under a Buttonwood tree. -
New York becomes leading American port.
New York becomes leading American port, surpassing Philadelphia's import and export volume for the first time. (Source)
