New Amsterdam Incorporates
The original en:Castello Plan. Full size photograph of manuscript map in the Biblioteca Medicea-Laurenziana of Florence, Italy. The Castello plan is the earliest known plan of New Amsterdam, and the only one dating from the Dutch period. The text at the top of the image states: "Image of the city Amsterdam in New Netherland". Date 1660 Source New York Public Library, Digital Gallery. Digital ID: 54682, Digital Record ID: 118555. Author Jacques Cortelyou, General Governor of Nieuw Amsterdam at that time.
On this day, February 2nd, 1653, New Amsterdam is incorporated. New Amsterdam was a Dutch colonial settlement and would later be renamed New York in 1667 after the Duke of York.
Supreme Court Convenes
On this day, February 1st, 1790 the Supreme Court of the United States convenes for the first time in New York City. They met at the Old Royal Exchange Building which was located on Broad Street near the intersection of Water Street. The Supreme Court is the highest court in the United States and was created through the implementation of the Judiciary Act of 1789. The Act created the entire judiciary system. The Supreme Court was originally supposed to have six justices although there have been nine throughout its history.
Facebook Goes Public
On this day, May 18th, in 2012 shares of Facebook, Inc., the Corporate owner of Facebook.com, first went on sale on the NASDAQ stock exchange in New York City. The Initial Public Offering (IPO) had originally been filed with the Securites and Exchange Commission (SEC) on February 1, 2012..
The initial price was $38 per share, though by the end of May the stock was worth less than three quarters of its initial value.
There have been a number of investigations into the IPO, along with law suits filed regarding the underwriting, and trading glitches involved in it.
On this day in Old New York
A Daily Feature where we focus on a historical event related to NYC that occurred on this day.
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