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Steel framework for expansion to Kennedy University Hospital Cherry Hill. The one-story section to the right of this is part of the original 1960 section of the hospital. The multi-story section behind the addition was added in the mid 1960s, with additional floors added later.
The Statue of Liberty (Liberty Enlightening the World; French: La Liberté éclairant le monde) is a colossal neoclassical sculpture on Liberty Island in New York Harbor in New York City, United States. The copper statue, a gift from the people of France, was designed by French sculptor Frédéric Auguste Bartholdi and its metal framework was built by Gustave Eiffel. The statue was dedicated on October 28, 1886.
The statue is a figure of Libertas, the Roman goddess of liberty. She holds a torch above her head with her right hand, and in her left hand carries a tabula ansata inscribed JULY IV MDCCLXXVI (July 4, 1776, in Roman numerals), the date of the U.S. Declaration of Independence. A broken chain and shackle lie at her feet as she walks forward, commemorating the national abolition of slavery following the American Civil War. After its dedication the statue became an icon of freedom and of the United States, being subsequently seen as a symbol of welcome to immigrants arriving by sea.
The idea for the statue was born in 1865, when the French historian and abolitionist Édouard de Laboulaye proposed a monument to commemorate the upcoming centennial of U.S. independence (1876), the perseverance of American democracy and the liberation of the nation's slaves. The Franco-Prussian War delayed progress until 1875, when Laboulaye proposed that the people of France finance the statue and the United States provide the site and build the pedestal. Bartholdi completed the head and the torch-bearing arm before the statue was fully designed, and these pieces were exhibited for publicity at international expositions.
The torch-bearing arm was displayed at the Centennial Exposition in Philadelphia in 1876, and in Madison Square Park in Manhattan from 1876 to 1882. Fundraising proved difficult, especially for the Americans, and by 1885 work on the pedestal was threatened by lack of funds. Publisher Joseph Pulitzer, of the New York World, started a drive for donations to finish the project and attracted more than 120,000 contributors, most of whom gave less than a dollar (equivalent to $33 in 2022). The statue was built in France, shipped overseas in crates, and assembled on the completed pedestal on what was then called Bedloe's Island. The statue's completion was marked by New York's first ticker-tape parade and a dedication ceremony presided over by President Grover Cleveland.
The statue was administered by the United States Lighthouse Board until 1901 and then by the Department of War; since 1933, it has been maintained by the National Park Service as part of the Statue of Liberty National Monument, and is a major tourist attraction. Limited numbers of visitors can access the rim of the pedestal and the interior of the statue's crown from within; public access to the torch has been barred since 1916.
Liberty Island is a federally owned island in Upper New York Bay in the United States. Its most notable feature is the Statue of Liberty (Liberty Enlightening the World), a large statue by Frédéric Auguste Bartholdi that was dedicated in 1886. The island also contains the Statue of Liberty Museum, which opened in 2019 and exhibits the statue's original torch.
Long known as Bedloe's Island, it was renamed by an act of the United States Congress in 1956. Part of the State of New York, the island is an exclave of the New York City borough of Manhattan, surrounded by the waters of Jersey City, New Jersey.
Liberty Island became part of the Statue of Liberty National Monument in 1937 through Presidential Proclamation 2250, signed by President Franklin D. Roosevelt. In 1966, it was listed on the National Register of Historic Places as part of Statue of Liberty National Monument, Ellis Island, and Liberty Island.
New York, often called New York City or simply NYC, is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each of which is coextensive with a respective county. It is a global city and a cultural, financial, high-tech, entertainment, and media center with a significant influence on commerce, health care, scientific output, life sciences, research, technology, education, politics, tourism, dining, art, fashion, and sports. Home to the headquarters of the United Nations, New York is an important center for international diplomacy, and is sometimes described as the world's most important city and the capital of the world.
With an estimated population in 2022 of 8,335,897 distributed over 300.46 square miles (778.2 km2), the city is the most densely populated major city in the United States. New York has more than double the population of Los Angeles, the nation's second-most populous city. New York is the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the U.S. by both population and urban area. With more than 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York City is one of the world's most populous megacities. The city and its metropolitan area are the premier gateway for legal immigration to the United States. As many as 800 languages are spoken in New York, making it the most linguistically diverse city in the world. In 2021, the city was home to nearly 3.1 million residents born outside the U.S., the largest foreign-born population of any city in the world.
New York City traces its origins to Fort Amsterdam and a trading post founded on the southern tip of Manhattan Island by Dutch colonists in approximately 1624. The settlement was named New Amsterdam (Dutch: Nieuw Amsterdam) in 1626 and was chartered as a city in 1653. The city came under English control in 1664 and was renamed New York after King Charles II granted the lands to his brother, the Duke of York. The city was temporarily regained by the Dutch in July 1673 and was renamed New Orange; however, the city has been named New York since November 1674. New York City was the capital of the United States from 1785 until 1790. The modern city was formed by the 1898 consolidation of its five boroughs: Manhattan, Brooklyn, Queens, The Bronx, and Staten Island, and has been the largest U.S. city ever since.
Anchored by Wall Street in the Financial District of Lower Manhattan, New York City has been called both the world's premier financial and fintech center and the most economically powerful city in the world. As of 2022, the New York metropolitan area is the largest metropolitan economy in the world with a gross metropolitan product of over US$2.16 trillion. If the New York metropolitan area were its own country, it would have the tenth-largest economy in the world. The city is home to the world's two largest stock exchanges by market capitalization of their listed companies: the New York Stock Exchange and Nasdaq. New York City is an established safe haven for global investors. As of 2023, New York City is the most expensive city in the world for expatriates to live. New York City is home to the highest number of billionaires, individuals of ultra-high net worth (greater than US$30 million), and millionaires of any city in the world
The written history of New York City began with the first European explorer, the Italian Giovanni da Verrazzano in 1524. European settlement began with the Dutch in 1608 and New Amsterdam was founded in 1624.
The "Sons of Liberty" campaigned against British authority in New York City, and the Stamp Act Congress of representatives from throughout the Thirteen Colonies met in the city in 1765 to organize resistance to Crown policies. The city's strategic location and status as a major seaport made it the prime target for British seizure in 1776. General George Washington lost a series of battles from which he narrowly escaped (with the notable exception of the Battle of Harlem Heights, his first victory of the war), and the British Army occupied New York and made it their base on the continent until late 1783, attracting Loyalist refugees.
The city served as the national capital under the Articles of Confederation from 1785 to 1789, and briefly served as the new nation's capital in 1789–90 under the United States Constitution. Under the new government, the city hosted the inauguration of George Washington as the first President of the United States, the drafting of the United States Bill of Rights, and the first Supreme Court of the United States. The opening of the Erie Canal gave excellent steamboat connections with upstate New York and the Great Lakes, along with coastal traffic to lower New England, making the city the preeminent port on the Atlantic Ocean. The arrival of rail connections to the north and west in the 1840s and 1850s strengthened its central role.
Beginning in the mid-19th century, waves of new immigrants arrived from Europe dramatically changing the composition of the city and serving as workers in the expanding industries. Modern New York traces its development to the consolidation of the five boroughs in 1898 and an economic and building boom following the Great Depression and World War II. Throughout its history, New York has served as a main port of entry for many immigrants, and its cultural and economic influence has made it one of the most important urban areas in the United States and the world. The economy in the 1700s was based on farming, local production, fur trading, and Atlantic jobs like shipbuilding. In the 1700s, New York was sometimes referred to as a breadbasket colony, because one of its major crops was wheat. New York colony also exported other goods included iron ore as a raw material and as manufactured goods such as tools, plows, nails and kitchen items such as kettles, pans and pots.
The area that eventually encompassed modern day New York was inhabited by the Lenape people. These groups of culturally and linguistically related Native Americans traditionally spoke an Algonquian language now referred to as Unami. Early European settlers called bands of Lenape by the Unami place name for where they lived, such as "Raritan" in Staten Island and New Jersey, "Canarsee" in Brooklyn, and "Hackensack" in New Jersey across the Hudson River from Lower Manhattan. Some modern place names such as Raritan Bay and Canarsie are derived from Lenape names. Eastern Long Island neighbors were culturally and linguistically more closely related to the Mohegan-Pequot peoples of New England who spoke the Mohegan-Montauk-Narragansett language.
These peoples made use of the abundant waterways in the New York region for fishing, hunting trips, trade, and occasionally war. Many paths created by the indigenous peoples are now main thoroughfares, such as Broadway in Manhattan, the Bronx, and Westchester. The Lenape developed sophisticated techniques of hunting and managing their resources. By the time of the arrival of Europeans, they were cultivating fields of vegetation through the slash and burn technique, which extended the productive life of planted fields. They also harvested vast quantities of fish and shellfish from the bay. Historians estimate that at the time of European settlement, approximately 5,000 Lenape lived in 80 settlements around the region.
The first European visitor to the area was Giovanni da Verrazzano, an Italian in command of the French ship La Dauphine in 1524. It is believed he sailed into Upper New York Bay, where he encountered native Lenape, returned through the Narrows, where he anchored the night of April 17, and left to continue his voyage. He named the area New Angoulême (La Nouvelle-Angoulême) in honor of Francis I, King of France of the royal house of Valois-Angoulême and who had been Count of Angoulême from 1496 until his coronation in 1515. The name refers to the town of Angoulême, in the Charente département of France. For the next century, the area was occasionally visited by fur traders or explorers, such as by Esteban Gomez in 1525.
European exploration continued on September 2, 1609, when the Englishman Henry Hudson, in the employ of the Dutch East India Company, sailed the Half Moon through the Narrows into Upper New York Bay. Like Christopher Columbus, Hudson was looking for a westerly passage to Asia. He never found one, but he did take note of the abundant beaver population. Beaver pelts were in fashion in Europe, fueling a lucrative business. Hudson's report on the regional beaver population served as the impetus for the founding of Dutch trading colonies in the New World. The beaver's importance in New York's history is reflected by its use on the city's official seal.
The first Dutch fur trading posts and settlements were in 1614 near present-day Albany, New York, the same year that New Netherland first appeared on maps. Only in May 1624 did the Dutch West India Company land a number of families at Noten Eylant (today's Governors Island) off the southern tip of Manhattan at the mouth of the North River (today's Hudson River). Soon thereafter, most likely in 1626, construction of Fort Amsterdam began. Later, the Dutch West Indies Company imported African slaves to serve as laborers; they were forced to build the wall that defended the town against English and Indian attacks. Early directors included Willem Verhulst and Peter Minuit. Willem Kieft became director in 1638 but five years later was embroiled in Kieft's War against the Native Americans. The Pavonia Massacre, across the Hudson River in present-day Jersey City, resulted in the death of 80 natives in February 1643. Following the massacre, Algonquian tribes joined forces and nearly defeated the Dutch. Holland sent additional forces to the aid of Kieft, leading to the overwhelming defeat of the Native Americans and a peace treaty on August 29, 1645.
On May 27, 1647, Peter Stuyvesant was inaugurated as director general upon his arrival and ruled as a member of the Dutch Reformed Church. The colony was granted self-government in 1652, and New Amsterdam was incorporated as a city on February 2, 1653. The first mayors (burgemeesters) of New Amsterdam, Arent van Hattem and Martin Cregier, were appointed in that year. By the early 1660s, the population consisted of approximately 1500 Europeans, only about half of whom were Dutch, and 375 Africans, 300 of whom were slaves.
A few of the original Dutch place names have been retained, most notably Flushing (after the Dutch town of Vlissingen), Harlem (after Haarlem), and Brooklyn (after Breukelen). Few buildings, however, remain from the 17th century. The oldest recorded house still in existence in New York, the Pieter Claesen Wyckoff House in Brooklyn, dates from 1652.
On August 27, 1664, four English frigates under the command of Col. Richard Nicolls sailed into New Amsterdam's harbor and demanded New Netherland's surrender, as part of an effort by King Charles II's brother James, Duke of York, the Lord High Admiral to provoke the Second Anglo-Dutch War. Two weeks later, Stuyvesant officially capitulated by signing Articles of Surrender and in June 1665, the town was reincorporated under English law and renamed "New York" after the Duke, and Fort Orange was renamed "Fort Albany". The war ended in a Dutch victory in 1667, but the colony remained under English rule as stipulated in the Treaty of Breda. During the Third Anglo-Dutch War, the Dutch briefly recaptured the city in 1673, renaming the city "New Orange", before permanently ceding the colony of New Netherland to England for what is now Suriname in November 1674 at the Treaty of Westminster.
The colony benefited from increased immigration from Europe and its population grew faster. The Bolting Act of 1678, whereby no mill outside the city was permitted to grind wheat or corn, boosted growth until its repeal in 1694, increasing the number of houses over the period from 384 to 983.
In the context of the Glorious Revolution in England, Jacob Leisler led Leisler's Rebellion and effectively controlled the city and surrounding areas from 1689 to 1691, before being arrested and executed.
Lawyers
In New York at first, legal practitioners were full-time businessmen and merchants, with no legal training, who had watched a few court proceedings, and mostly used their own common sense together with snippets they had picked up about English law. Court proceedings were quite informal, for the judges had no more training than the attorneys.
By the 1760s, the situation had dramatically changed. Lawyers were essential to the rapidly growing international trade, dealing with questions of partnerships, contracts, and insurance. The sums of money involved were large, and hiring an incompetent lawyer was a very expensive proposition. Lawyers were now professionally trained, and conversant in an extremely complex language that combined highly specific legal terms and motions with a dose of Latin. Court proceedings became a baffling mystery to the ordinary layman. Lawyers became more specialized and built their reputation, and their fee schedule, on the basis of their reputation for success. But as their status, wealth and power rose, animosity grew even faster. By the 1750s and 1760s, there was a widespread attack ridiculing and demeaning the lawyers as pettifoggers (lawyers lacking sound legal skills). Their image and influence declined. The lawyers organized a bar association, but it fell apart in 1768 during the bitter political dispute between the factions based in the Delancey and Livingston families. A large fraction of the prominent lawyers were Loyalists; their clientele was often to royal authority or British merchants and financiers. They were not allowed to practice law unless they took a loyalty oath to the new United States of America. Many went to Britain or Canada (primarily to New Brunswick and Nova Scotia) after losing the war.
For the next century, various attempts were made, and failed, to build an effective organization of lawyers. Finally a Bar Association emerged in 1869 that proved successful and continues to operate.
By 1700, the Lenape population of New York had diminished to 200. The Dutch West Indies Company transported African slaves to the post as trading laborers used to build the fort and stockade, and some gained freedom under the Dutch. After the seizure of the colony in 1664, the slave trade continued to be legal. In 1703, 42% of the New York households had slaves; they served as domestic servants and laborers but also became involved in skilled trades, shipping and other fields. Yet following reform in ethics according to American Enlightenment thought, by the 1770s slaves made up less than 25% of the population.
By the 1740s, 20% of the residents of New York were slaves, totaling about 2,500 people.
After a series of fires in 1741, the city panicked over rumors of its black population conspiring with some poor whites to burn the city. Historians believe their alarm was mostly fabrication and fear, but officials rounded up 31 black and 4 white people, who over a period of months were convicted of arson. Of these, the city executed 13 black people by burning them alive and hanged the remainder of those incriminated.
The Stamp Act and other British measures fomented dissent, particularly among Sons of Liberty who maintained a long-running skirmish with locally stationed British troops over Liberty Poles from 1766 to 1776. The Stamp Act Congress met in New York City in 1765 in the first organized resistance to British authority across the colonies. After the major defeat of the Continental Army in the Battle of Long Island in late 1776, General George Washington withdrew to Manhattan Island, but with the subsequent defeat at the Battle of Fort Washington the island was effectively left to the British. The city became a haven for loyalist refugees, becoming a British stronghold for the entire war. Consequently, the area also became the focal point for Washington's espionage and intelligence-gathering throughout the war.
New York was greatly damaged twice by fires of suspicious origin, with the Loyalists and Patriots accusing each other of starting the conflagration. The city became the political and military center of operations for the British in North America for the remainder of the war. Continental Army officer Nathan Hale was hanged in Manhattan for espionage. In addition, the British began to hold the majority of captured American prisoners of war aboard prison ships in Wallabout Bay, across the East River in Brooklyn. More Americans lost their lives aboard these ships than died in all the battles of the war. The British occupation lasted until November 25, 1783. George Washington triumphantly returned to the city that day, as the last British forces left the city.
Starting in 1785 the Congress met in the city of New York under the Articles of Confederation. In 1789, New York became the first national capital under the new Constitution. The Constitution also created the current Congress of the United States, and its first sitting was at Federal Hall on Wall Street. The first Supreme Court sat there. The United States Bill of Rights was drafted and ratified there. George Washington was inaugurated at Federal Hall. New York remained the national capital until 1790, when the role was transferred to Philadelphia.
During the 19th century, the city was transformed by immigration, a visionary development proposal called the Commissioners' Plan of 1811 which expanded the city street grid to encompass all of Manhattan, and the opening of the Erie Canal in 1825, which connected the Atlantic port to the vast agricultural markets of the Midwestern United States and Canada. By 1835, New York had surpassed Philadelphia as the largest city in the United States. New York grew as an economic center, first as a result of Alexander Hamilton's policies and practices as the first Secretary of the Treasury.
In 1842, water was piped from a reservoir to supply the city for the first time.
The Great Irish Famine (1845–1850) brought a large influx of Irish immigrants, and by 1850 the Irish comprised one quarter of the city's population. Government institutions, including the New York City Police Department and the public schools, were established in the 1840s and 1850s to respond to growing demands of residents. In 1831, New York University was founded by U.S. Secretary of the Treasury Albert Gallatin as a non-denominal institution surrounding Washington Square Park.
This period started with the 1855 inauguration of Fernando Wood as the first mayor from Tammany Hall. It was the political machine based among Irish Americans that controlled the local Democratic Party. It usually dominated local politics throughout this period and into the 1930s. Public-minded members of the merchant community pressed for a Central Park, which was opened to a design competition in 1857; it became the first landscape park in an American city.
During the American Civil War (1861–1865), the city was affected by its history of strong commercial ties to the South; before the war, half of its exports were related to cotton, including textiles from upstate mills. Together with its growing immigrant population, which was angry about conscription, sympathies among residents were divided for both the Union and Confederacy at the outbreak of war. Tensions related to the war culminated in the Draft Riots of 1863 led by Irish Catholics, who attacked black neighborhood and abolitionist homes. Many blacks left the city and moved to Brooklyn. After the Civil War, the rate of immigration from Europe grew steeply, and New York became the first stop for millions seeking a new and better life in the United States, a role acknowledged by the dedication of the Statue of Liberty in 1886.
From 1890 to 1930, the largest cities, led by New York, were the focus of international attention. The skyscrapers and tourist attractions were widely publicized. Suburbs were emerging as bedroom communities for commuters to the central city. San Francisco dominated the West, Atlanta dominated the South, Boston dominated New England; Chicago dominated the Midwest United States. New York City dominated the entire nation in terms of communications, trade, finance, popular culture, and high culture. More than a fourth of the 300 largest corporations in 1920 were headquartered here.
In 1898, the modern City of New York was formed with the consolidation of Brooklyn (until then an independent city), Manhattan, and outlying areas. Manhattan and the Bronx were established as two separate boroughs and joined with three other boroughs created from parts of adjacent counties to form the new municipal government originally called "Greater New York". The Borough of Brooklyn incorporated the independent City of Brooklyn, recently joined to Manhattan by the Brooklyn Bridge; the Borough of Queens was created from western Queens County (with the remnant established as Nassau County in 1899); and the Borough of Richmond contained all of Richmond County. Municipal governments contained within the boroughs were abolished, and the county governmental functions were absorbed by the city or each borough. In 1914, the New York State Legislature created Bronx County, making five counties coterminous with the five boroughs.
The Bronx had a steady boom period during 1898–1929, with a population growth by a factor of six from 200,000 in 1900 to 1.3 million in 1930. The Great Depression created a surge of unemployment, especially among the working class, and a slow-down of growth.
On June 15, 1904, over 1,000 people, mostly German immigrant women and children, were killed when the excursion steamship General Slocum caught fire and sank. It is the city's worst maritime disaster. On March 25, 1911, the Triangle Shirtwaist Factory fire in Greenwich Village took the lives of 146 garment workers. In response, the city made great advancements in the fire department, building codes, and workplace regulations.
Throughout the first half of the 20th century, the city became a world center for industry, commerce, and communication, marking its rising influence with such events as the Hudson-Fulton Celebration of 1909. Interborough Rapid Transit (the first New York City Subway company) began operating in 1904, and the railroads operating out of Grand Central Terminal and Pennsylvania Station thrived.
From 1918 to 1920, New York City was affected by the largest rent strike wave in its history. Somewhere between several 10,000's and 100,000's of tenants struck across the city. A WW1 housing and coal shortage sparked the strikes. It became marked both by occasional violent scuffles and the Red Scare. It would lead to the passage of the first rent laws in the nations history.
The city was a destination for internal migrants as well as immigrants. Through 1940, New York was a major destination for African Americans during the Great Migration from the rural American South. The Harlem Renaissance flourished during the 1920s and the era of Prohibition. New York's ever accelerating changes and rising crime and poverty rates were reduced after World War I disrupted trade routes, the Immigration Restriction Acts limited additional immigration after the war, and the Great Depression reduced the need for new labor. The combination ended the rule of the Gilded Age barons. As the city's demographics temporarily stabilized, labor unionization helped the working class gain new protections and middle-class affluence, the city's government and infrastructure underwent a dramatic overhaul under Fiorello La Guardia, and his controversial parks commissioner, Robert Moses, ended the blight of many tenement areas, expanded new parks, remade streets, and restricted and reorganized zoning controls.
For a while, New York ranked as the most populous city in the world, overtaking London in 1925, which had reigned for a century.[58] During the difficult years of the Great Depression, the reformer Fiorello La Guardia was elected as mayor, and Tammany Hall fell after eighty years of political dominance.
Despite the effects of the Great Depression, some of the world's tallest skyscrapers were built during the 1930s. Art Deco architecture—such as the iconic Chrysler Building, Empire State Building, and 30 Rockefeller Plaza— came to define the city's skyline. The construction of the Rockefeller Center occurred in the 1930s and was the largest-ever private development project at the time. Both before and especially after World War II, vast areas of the city were also reshaped by the construction of bridges, parks and parkways coordinated by Robert Moses, the greatest proponent of automobile-centered modernist urbanism in America.
Returning World War II veterans and immigrants from Europe created a postwar economic boom. Demands for new housing were aided by the G.I. Bill for veterans, stimulating the development of huge suburban tracts in eastern Queens and Nassau County. The city was extensively photographed during the post–war years by photographer Todd Webb.
New York emerged from the war as the leading city of the world, with Wall Street leading the United States ascendancy. In 1951, the United Nations relocated from its first headquarters in Flushing Meadows Park, Queens, to the East Side of Manhattan. During the late 1960s, the views of real estate developer and city leader Robert Moses began to fall out of favor as the anti-urban renewal views of Jane Jacobs gained popularity. Citizen rebellion stopped a plan to construct an expressway through Lower Manhattan.
After a short war boom, the Bronx declined from 1950 to 1985, going from predominantly moderate-income to mostly lower-income, with high rates of violent crime and poverty. The Bronx has experienced an economic and developmental resurgence starting in the late 1980s that continues into today.
The transition away from the industrial base toward a service economy picked up speed, while the jobs in the large shipbuilding and garment industries declined sharply. The ports converted to container ships, costing many traditional jobs among longshoremen. Many large corporations moved their headquarters to the suburbs or to distant cities. At the same time, there was enormous growth in services, especially finance, education, medicine, tourism, communications and law. New York remained the largest city and largest metropolitan area in the United States, and continued as its largest financial, commercial, information, and cultural center.
Like many major U.S. cities, New York suffered race riots, gang wars and some population decline in the late 1960s. Street activists and minority groups such as the Black Panthers and Young Lords organized rent strikes and garbage offensives, demanding improved city services for poor areas. They also set up free health clinics and other programs, as a guide for organizing and gaining "Power to the People." By the 1970s the city had gained a reputation as a crime-ridden relic of history. In 1975, the city government avoided bankruptcy only through a federal loan and debt restructuring by the Municipal Assistance Corporation, headed by Felix Rohatyn. The city was also forced to accept increased financial scrutiny by an agency of New York State. In 1977, the city was struck by the New York City blackout of 1977 and serial slayings by the Son of Sam.
The 1980s began a rebirth of Wall Street, and the city reclaimed its role at the center of the worldwide financial industry. Unemployment and crime remained high, the latter reaching peak levels in some categories around the close of the decade and the beginning of the 1990s. Neighborhood restoration projects funded by the city and state had very good effects for New York, especially Bedford-Stuyvesant, Harlem, and The Bronx. The city later resumed its social and economic recovery, bolstered by the influx of Asians, Latin Americans, and U.S. citizens, and by new crime-fighting techniques on the part of the New York Police Department. In 1989, New York City elected its first African American Mayor, David Dinkins. He came out of the Harlem Clubhouse.
In the late 1990s, the city benefited from the nationwide fall of violent crime rates, the resurgence of the finance industry, and the growth of the "Silicon Alley", during the dot com boom, one of the factors in a decade of booming real estate values. New York was also able to attract more business and convert abandoned industrialized neighborhoods into arts or attractive residential neighborhoods; examples include the Meatpacking District and Chelsea (in Manhattan) and Williamsburg (in Brooklyn).
New York's population reached an all-time high in the 2000 census; according to census estimates since 2000, the city has continued to grow, including rapid growth in the most urbanized borough, Manhattan. During this period, New York City was a site of the September 11 attacks of 2001; 2,606 people who were in the towers and in the surrounding area were killed by a terrorist attack on the World Trade Center, an event considered highly traumatic for the city but which did not stop the city's rapid regrowth. On November 3, 2014, One World Trade Center opened on the site of the attack. Hurricane Sandy brought a destructive storm surge to New York in the evening of October 29, 2012, flooding numerous streets, tunnels, and subway lines in Lower Manhattan. It flooded low-lying areas of Brooklyn, Queens, and Staten Island. Electrical power was lost in many parts of the city and its suburbs.
Oesterreichische Nationalbank
Logo of the Austrian National Bank
Headquarters Vienna, Austria
Central Bank of Austria
Currency€
To ISO 4217 EUR
website
Previous Austro- Hungarian Bank
List of Central Banks
Oesterreichische Nationalbank, at Otto-Wagner -Platz No. 3, Vienna
The Austrian National Bank (OeNB), Austria's central bank as an integral part of the European System of Central Banks (ESCB) and the Eurosystem. It is instrumental in the design of the economic development in Austria and in the euro area. Legally, the OeNB is a public limited company.. However, it is also subject to further enshrined in the National Bank Act regulations resulting from its separate position as a central bank. In the framework of the Eurosystem, the OeNB contributes to a stability-oriented monetary policy. At the national level, it cares about the preservation of financial stability and the money supply and manage foreign exchange reserves to hedge against the euro in times of crisis. The guideline values in terms of the tasks of the Austrian National Bank are "security, stability and trust".
Contents
1 History
1.1 1816 to 1818
1.2 1818 to 1878
1.3 1878 to 1922
1.4 1922 to 1938
1.5 1938 to 1945
1.6 1945 to 1998
1.7 From 1999
2 The OeNB as a modern central bank
3 Legal form and organs
3.1 Legal framework
3.2 organs
3.2.1 General
3.2.2 General
3.2.3 Board of Directors
4 Tasks
4.1 Monetary policy strategies and monetary policy decision-making process
4.1.1 Economic analysis
4.1.2 Production of statistical information
4.1.3 Contribute to international organizations
4.2 Implementation of monetary policy
4.2.1 use of monetary policy instruments
4.2.2 Reserve Management
4.2.3 Money Supply
4.3 Communication of monetary policy
4.4 ensure financial stability
4.4.1 Financial Stability
4.4.2 Payment System Stability and payments
5 The OeNB in the European System of National Banks
6 President / Governors
7 See also
8 Literature
9 links
10 Notes and references
History
1816-1818
As long as 50 years before the founding of the National Bank the Habsburgs carried out first experiments with securities in the form of paper money. Finally, in the 18th Century the issue of banknotes transferred to a state independent institution, while the issue of paper money called "Banco notes," founded in 1705 by the "Vienna City Bank" took place in 1762.
In wartime governance took back control of the money issue, so there was an inflation of Banco-Zettel 1796-1810. The state ordered the forced acceptance of paper money in private transport, which led to a fast-growing discount on bills in the market. 1799 was therefore one for 100 guilders paper money only 92 guilders in silver coins, and at the end of 1810 the value of the paper florin had fallen to 15 % of the nominal value of the Banco-Zettel. Later, the Habsburgs declared a devaluation of the Banco-Zettel in the ratio of 5:1. This act was considered by the business community as a sovereign default, which the paper money experienced a rapid devaluation.
At the end of the Napoleonic wars the Habsburg multinational state ( → Habsburg Monarchy) faced a new challenge: the restoration of a European balance. Church, the nobility, the army and the bureaucracy as elements in the Ancien Régime were not sufficient to solve this problem, a well -founded economic situation was needed. Moreover, one could not ignore readily the laws of supply and demand.
In this regard, were the first June 1816 by Emperor Francis I two patents issued (later to distinguish the "main patent" or "bank patent"), the "privileged Austrian National Bank", conceived as a public company, had to constitute itself as soon a possible, propose the emperor three of its directors for selection of the governor and take up their activity provisionally on 1 July 1816.
The National Bank had henceforth a monopoly on the issuance of paper money, which led to a slowdown in the Austrian monetary system and an increase in the value of paper money. The economy was again a solid source of money keeping constant the value of money regardless of the spending plans of the State. The equity of the Bank justified this by share issues.
Initially comprised the activities of the bank - under temporary management - the redemption of paper money and the issuance of shares. The full effectiveness attained the National Bank until after the issue of 1,000 shares and the associated possibility of shareholders to set the management themselves.
1818-1878
On 15 July 1817 recieved the National Bank as the "first Bankprivilegium" the exclusive right to unrestricted issue of banknotes and in this context a special position in terms of Rediskontgeschäfts (rediscount business). Beginning of 1818 the definitive bank management was ready. Part of it were among leading figures of Viennese society, including the banker Johann Heinrich von Geymüller and Bernard of Eskeles. From 1830 to 1837 the Office of the Governor was held by Adrian Nicholas Baron Barbier.
In the countries of the Habsburg Monarchy, which were characterized in large part by an agricultural oriented activity pattern, some regions showed a lively commercial-industrial growth. The goal now was to create a system of economic exchange between these areas. Successively established the National Bank branch network and thus guaranteed a uniform money and credit supply. From its headquarters in Vienna this network extended over early industrial areas and commercial centers in Eastern and Central Europe to the northern Mediterranean.
Trade bills and coins were preferred assets of the National Bank, less the supply of money to the state. With the exchange transactions, the National Bank supported the economic growth of the monarchy and secured at the same time the supply of silver coins in the event that the need for these increases in exchange for bank notes, contrary to expectations. 1818 was the National Bank, however, by increasing public debt, due to high spending in times of crisis, not spared to make an increase in the government debt positions on the asset side of its balance sheet.
The patent provisions of the founding of the National Bank not sufficiently secured against the autonomy of governance. At the center of the struggle for independence, this was the question of the extent to which the issue of banknotes must be made on the basis of government bonds. In 1841, a renewal of Bankprivilegiums got a weakening of the independence by pushing back the influence of the shareholders in favor of the state administration. During the revolution of 1848/49 followers of constitutional goals received great support from senior figures in the National Bank. For about a hundred years, the Austrian branch of the Rothschild bank (from which from 1855, the "Royal Privileged Austrian Credit-Institute for Commerce and Industry", the later Creditanstalt, was born) was playing a leading role in the banking center of Vienna. Salomon Mayer von Rothschild was involved during the pre-March in all major transactions of the National Bank for the rehabilitation of the state budget.
Special focus the National Bank was putting on the development of the premium that was payable at the exchange of banknotes into silver money in business dealings. The increase, which corresponded to a depreciation of the notes issued by the Bank should be prevented. From an overall state perspective, the increase of the silver premium means a deterioration in terms of the exchange ratio towards foreign countries, influencing the price competitiveness of the Austrian foreign trade adversely. The stabilization of the premium were set some limits. Although the height of the emission activitiy was depending on the Bank, but also the price of silver and the potential effects of increased government debt materially affected the silver premium. Especially the 1848 revolution and conflicts in the following years caused an increasement of the silver premium.
Mid-century, the private banking and wholesale houses were no longer able to cope with the rapidly growing financial intermediation of the Habsburg monarchy. New forms of capital formation were required. From an initiative of the House of Rothschild, the first by the government approved and private joint-stock bank was created. This formation was followed in 1863 and 1864 by two other joint-stock banks, whose major shareholders included important personalities of the aristocracy, who possessed large liquid funds. Overall, grew with these banks the money creation potential of the "financial center of Vienna".
The central bank faced another difficult task: with its limited resources it had to secure sufficient liquidity on the one hand and on the other hand prevent the inflationary expansion of the money supply. Through close contacts with the shareholders of Vienna was a financial center (informal) ballot, especially in times of crisis, easily dealt out. In contrast, it gave differences of opinion in the Fed Board, which required enforcement of decisions.
In 1861, Friedrich Schey Koromla became director of the National Bank. On 27 December 1862 experienced the Bankprivilegium another innovation. The independence of the National Bank of the State was restored and anchored. Furthermore, was introduced the direct allocation of banknotes in circulation by the system of "Peel'schen Bank Act", which states that the fixed budget of 200 million guilders exceeding circulation of banknotes must be covered by silver coins. In 1866, when the German war ended in defeat for Austria, the compliance of the system was no longer met. The state felt itself forced to pay compensation for breach of privilege. This balance was supported by a law of 1872, after the National Bank may issue notes up to a maximum of 200 million guilders and each additional payment must be fully backed by gold or silver.
1873 the economic boom of the Habsburg monarchy was represented in a long-lasting rise in the share price. A now to be expecting break could by the behavior of the Vienna Stock not be intercepted, so it came to the "Great Crash of 1873". The in 1872 fixed restrictions of the circulation of notes for a short time have been suspended. Contrary to expectations, the money supply in crisis peak but only outgrew by nearly 1% the prescribed limit in the bank acts. The banks and the industrial and commercial companies survived the crash without major losses, although the share prices significantly lay below the initial level.
The years with high growth were followed by a period of stagnation.
1878-1922
As part of the compensation negotiations between Austria and Hungary in 1867, the National Bank was able to exercise fully their Privilegialrechte, the Kingdom of Hungary but now had the certified right, every ten years exercisable, to found an own central bank (bank note). As resulted from the first 10 -year period that furthermore none of the two parts of the monarchy wanted to build an independent money-issuing bank (Zettelbank), was built on 28 June 1878, initially to 31 December 1887 limited, an Austro-Hungarian Bank, and equipped with the Fed privilege. The first privilege of the new bank was a compromise in which on the one hand, regulations on liability for national debts as well as regulations limiting the influence of the government on banking businesses were included. 1878 Gustav Leonhardt was Secretary of the Bank.
The General Assembly and the General Council formed the unit of the bank management. Two directorates and major institutions - in Vienna and Budapest - represented the dual nature of the bank. 1892-1900 followed a long discussion finally the currency conversion from guilders (silver currency) to the crown (gold standard) with "Gold Crown" said coins.
Since the new banknotes were very popular in the public, now many gold coins piled up in the vaults of the Austro-Hungarian Bank. This period was characterized by a balanced combination of price growth and damping, the "per capita national product" grew while prices remained mostly stable. Against this background, it was easy for the Fed to encourage a new wave of industrialization.
With a third privilege in 1899 conditions were established under which the bank could be put into the financial services of the two countries, on the other hand there have been important innovations that paved a good exchange policy. By 1914, the exchange ratio of the Austro-Hungarian currency was unchanged with only minor fluctuations. In contrast, was the by conflicts marked political development.
The expansive foreign policy quickly led to high costs from which had to be shouldered by the central bank a significant part. The stability of the currency was in danger. Shortly after the beginning of World War I in 1914, laid down the Military Command to indemnify any seized property with double the price. There was an increasing scarcity of goods, connected with an ongoing expansion of the money supply and finally the increase in the price level on the 16-fold.
The resulting cost of the war of the Dual Monarchy were covered to 40% on central bank loans and 60% through war bonds. Over the duration of the war, the power force built up in recent decades has been frozen at the end of the conflict in 1918, the real income of the workers had fallen to one-fifth of the last year of peace.
With the end of the war the end for the old order had come, too. The decay of Cisleithania and Transleithania caused in several successor states, despite the efforts of the central bank to maintain the order, a currency separation (see Crown Currency in the decay of the monarchy, successor states). First, a separate "Austrian management" of the bank was introduced. It was encouraged to shoulder the shortcomings of the state budget of the Republic of Austria founded in 1918.
The new South Slav state began in January 1919 stamping its crown banknotes. The newly founded Czechoslovak Republic retained the crown currency (to date), but their printed banknotes in circulation as of February 1919 with indications that now these ar Czechoslovak crowns. (The country could an inflation as experienced by Austria avoide.) In March 1919, German Austria began to stamp its crown banknotes.
The Treaty of Saint-Germain-en-Laye of 10 September 1919, by Austria on 25 October 1919 ratified and which on 16 July 1920 came into force, determined the cancellation and replacement of all crown banknotes of all successor states of Austria-Hungary as well as the complete liquidation of the Austro-Hungarian Bank under the supervision of the war winners. The last meetings of the Bank took place mid 1921 and at the end of 1922.
After a period of overvaluation of the crown the dollar rate rose from 1919 again. 1921, had to be paid over 5,000 Austrian crowns per dollar. In addition to the significant drop in the external value existed in Austria rising inflation. End of 1922 was ultimately a rehabilitation program with foreign assistance - the "Geneva Protocol" - passed which slowed down the inflation.
1922-1938
With Federal Law of 24 July 1922 the Minister of Finance was commissioned to build a central bank, which had to take over the entire note circulation plus current liabilities of the Austrian management of the Austro-Hungarian Bank. With Federal Law of 14 November 1922, certain provisions of the law were amended and promulgated the statutes of the Austrian National Bank. By order of the Federal Government Seipel I 29 December 1922, the Board of the Austrian Austro-Hungarian Bank issued authorization for the central bank union activity with 1 January 1923 have been declared extinct and was made known the commencement of operations of the Oesterreichische Nationalbank this day.
The statutes of the Austrian National Bank (OeNB) secured the independence from the state, the independence of the Bank under exclusion of external influences and the corresponding equity. First, the stabilization of the Austrian currency was at the forefront. With the Schilling Act of 20 December 1924 was the schilling currency (First Republic) with 1 Introduced in March 1925, it replaced the crown currency. For 10,000 crowns now you got a shilling.
As an important personality in terms of the order of the state budget, Dr. Victor Kienböck has to be mentioned. He was in the time from 1922 to 1924 and from 1926 to 1929 finance minister of the First Republic and from 1932 to 1938 President of the Austrian National Bank. Through his work remained the Austrian Schilling, also beyound the global economy crisis, stable. Under this condition, the Fed was able to cope with the large number of bank failures of the past.
1938-1945
According to the on 13th March issued Anschlussgesetz (annexation law) , the Reichsmark with order of the Fuehrer and Chancellor of 17 was March 1938 introduced in the country Austria and determines the course: A Reichsmark is equal to one shilling fifty pence. On the same day, the Chancellor ordered that the management of the to be liquidated National Bank was transferred to the Reichsbank.
With regulation of three ministers of the German Reich of 23 April 1938, the National Bank was established as a property of the Reichsbank and its banknotes the quality as legal tender by 25 April 1938 withdrawn; public funds had Schilling banknotes until 15th of may in 1938 to accept. All the gold and foreign exchange reserves were transferred to Berlin.
The Second World War weakened the Austrian economy to a great extent, the production force after the war corresponded to only 40% of that of 1937 (see also air raids on Austria). To finance the war, the Reichsbank brought to a high degree banknotes in circulation, which only a great victory of the kingdom (Reich) actual values would have been opposable. Since prices were strictly regulated, inflation virtually could be "banned" during the war.
1945-1998
In occupied postwar Austria about 10 billion shillings by Allied military occupying powers were initially printed, which contributed to significant price increases.
With the re-establishment of the Republic of Austria by the Austrian declaration of independence of 27 April 1945, it came to the resumption of activities of the Oesterreichische Nationalbank. By the "Fed Transition Act" of July 1945 preliminary legal regulations for the operations of the Bank have been established. The restoration of the Austrian currency was their first big job. The goal was the summary of all currencies, which at the time were in circulation, and their secondment to a new Austrian currency. The "Schilling Act" of November 1945, the basis for the re-introduction of the Schilling (Second Republic) as legal tender in Austria. The next step was to reduce excess liquidity to make necessary funds for new business investment available and to make the external value of the shilling for the development of the economy competitive. First, however, less changed the inflationary situation and also the shilling was still significantly undervalued in relation to other currencies.
The "Currency Protection Act" of 1947 brought a significant change in the monetary overhang. Some deposits have been deleted without replacement, others converted into claims against the Federal Treasury. The following exchange operations also significantly reduced the amount of cash: banknotes from 1945 were canceled and exchanged for new schilling notes in the ratio 1:3. Only 150 shillings per person could go 1-1.
To control inflation, the social partners came to the foreground. The associations of employers and employees set in 1947 prices for supplies, wages were also raised. This was the first of the five "wage-price agreements" of the social partners. In 1952, inflation was held back by limiting the use of monetary policy instruments by the National Bank. Also, the external sector slowly relaxed after the end of the Korean War.
In 1955, the Austrian National Bank was re-established by the new National Bank Act as a corporation and the by the National Bank Transition of Authorities Act (Nationalbank-Überleitungsgesetz) established provisional arragement abolished. The National Bank Act stipulated that each half of the capital should be situated at the federal government and private shareholders. In addition to the independence of bank loans of the state, the new National Bank Act also contained an order that the central bank must watch within their monetary and credit policies on the economic policies of the federal government. From now on also included within the instruments of the National Bank were the areas open market and minimum reserve policy.
The Austrian economy increasingly stabilized, through good fiscal and monetary policy a high growth could be attained, with low inflation and long-term maintenance of external equilibrium.
1960, Austria joined the European Free Trade Association and participated in the European integration.
In the sixties came the international monetary system based on gold-dollar convertibility into currency fluctuations and political reforms were necessary. First, the loosening of exchange rate adjustments between several states was an option. However, U.S. balance of payments problems brought with it restrictions on capital movements, and then the Euro-Dollar market was born. In 1971, the convertibility of the U.S. dollar was lifted.
1975 interrupted a recession increasing growth time. International unbalanced ayments caused very extensive foreign exchange movements, whereby the intervention force of Austrian monetary policy has been strongly challenged. Their task now was to control the effect of foreign exchange on domestic economic activities to stabilize the shilling in the context of constantly shifting exchange rates and to control the price rise appropriately. Since the inflow of foreign funds reached to high proportions, so that the economic stability has been compromised, the policy went the way of the independent course design in a pool of selected European currencies.
The collapse of the economy forced the policy makers to a new course with active mutual credit control, subdued wage growth, financial impulses in supply and demand, and interest rates are kept low. This system of regulation, however, kept back the need for structural change, so it had to be given up in 1979. In the same year a fire destroyed large parts of the main building of the Austrian National Bank in Vienna. The repairs lasted until 1985.
Target in the eighties was to strengthen the economic performance using a competitive power comparison. The findings from the seventies stimulated the Austrian monetary policy to align the Schilling course at the Deutsche Mark to ensure price stability in the country. In addition, the structural change was initiated by inclusion in a large area. Stable, if not necessarily comfortable environment of monetary policy was a prerequisite, to secure the companies long-term productivity gains and thus safeguard their position in the economy.
Initially, this development stood a high level of unemployment in the way. Growth until the second half of the decade increased, at the same time increased the competitiveness and current accounts could be kept in balance.
In the nineties, the annexation of Austria took place in the European Community. 1995 Austria became a member of the European Union (EU) and joined the exchange rate mechanism of the European Monetary System. In 1998, the Central Banks (ESCB) have established the independence of institutions or bodies of the European Community and the governments of the EU Member States through an amendment to the National Bank Act of the Austrian National Bank to implement the goals and tasks of the European System. Thus, the legal basis for the participation of Austria in the third stage of Economic and Monetary Union (EMU) was created in 1999.
As of 1999
The Austrian National Bank, and other national central banks including the European Central Bank ( ECB), belongs to the European System of Central Banks.
On 1 January 1999 was introduced in the third stage of Economic and Monetary Union in Austria and ten other EU Member States, the euro as a common currency. The European Central Bank is henceforth responsible for monetary and currency policy, decisions in this regard will be taken in accordance with the Council of the European Central Bank.
Since May 2010, the OeNB is in full possession of the Republic of Austria, after originally lobbies, banks and insurance companies were involved with 50 % of the share capital in it. In 2011, the National Bank Act was adapted by an amendment (Federal Law Gazette I No. 50 /2011) in this circumstance, a renewed privatization is thus excluded by law.
The OeNB as a modern central bank
With the withdrawal from the retail business in the sixties as well as the first major internationalization and implementation of a strategic management in the seventies, the OeNB went on the way to a future-oriented central bank. Another major reform of banking began at the end of the eighties.
In terms of global development, the OeNB established in 1988 as a service company and expanded its guiding values - "security, stability and trust" - to the principles of " fficiency" and "cost-consciousness". The business center was optimized and strategic business experienced through targeted improvements a reinforcement. Be mentioned as examples are intensifying domestic cooperation in the area of payments by encouraging the creation of the Society for the Study co-payments (STUZZA), the liberalization of capital movements, the professional management of foreign exchange reserves, the improvement of the supply of money through the construction of the money center and the internationalization of business activities through the establishment of representative offices in Brussels (European Union), Paris (OECD) and the financial center of New York.
After Austria's accession to the EU in 1995, the OeNB participated in the European Monetary System (EMS ) and its Exchange Rate Mechanism. The integration in the third stage of Economic and Monetary Union (EMU) was the next step towards further development of policy stability. Since the conclusion of the Maastricht Treaty, the Austrian National Bank has very fully considered its role in the ESCB and created a basis for inclusion in the community. The profound economic and monetary policy of Austria was also a reference that qualified the OeNB to actively participate in the monetary future of Europe, a greater harmonization of the statistical framework and monetary policy instruments with a view to the euro system, the preparation of the issue of European banknotes, and the establishment of operational processes and organizational integration of business processes within the ESCB being specific objectives of the OeNB.
In the following, it came, inter alia, to the establishement of an economic study department, of an education or training initiative and to strengthen the position of payment transactions through the TARGET system.
A in 1996 created "OeNB master plan" provided important points for the upcoming transition to the euro.
In May 1998, a new pension system came into force, by which new employees were incorporated into a two-pillar model.
1999, Austria's participation in the third stage of EMU was manifest. The Austrian National Bank - as part of the ESCB - became the owner of the European Central Bank and received new powers in this context in the sense of participation in the monetary policy decision-making at the level of the European Community. With the introduction of the euro, monetary policy functions of the General Council have been transferred to the Governing Council. However, the implementation remains the responsibility of national central banks.
Activities of the Oesterreichische Nationalbank were or are, for example, the further professionalization of asset management, the expansion of the network of representative offices by opening a representative office in the financial center of London, preparation of the smooth introduction of euro cash in 2002 and the participation of the OeNB on the creation of the "A-SIT" (Center for secure Information Technology Center - Austria) and the "A-Trust" (society of electronic security systems in traffic GmbH ) in order to promote security in information technology.
Climatogical yearly mean of chlorophyll-a concentration.
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No the builders didn't forget to take the scaffolding down.
This is quite an artistic spiderweb outside Federation Square in Melbourne city centre.
Lines Theme
Lab2014 students presented their final design explorations for Benjamin Bratton's Critical Frameworks section, "2 or 3 Things I Know About The Stack" at The California Institute for Telecommunications and Information Technology (Calit2) at UCSD. The group visited an immersive 3-D projection "CAVE", a 4K digital theater and the nanotech cleanrooms on campus, as well as The Salk Institute for Biological Studies.
Having more fun with the fisheye lens in the Lamberton Conservatory, Rochester New York. In this shot, I caught DBJules taking this awesome lensbaby picture.
A woman from Nanegaon in the Kolwan Valley west of Pune carries water home past the heavily-fertilized sugarcane fields near her community's open well. Sugarcane requires copious amounts of water and heavy fertilization, most commonly with a nitrate-based urea. Although not fully understood, excess amounts of nitrates have been associated with methaemoglobinaemia, a potentially life-threatening condition of depleted blood-oxygen levels, especially serious in bottle-fed infants.
According to Mr. Shyam Divan, a Senior Advocate for the Supreme Court of India, there are no legal frameworks in India with which to prosecute those releasing industrial contaminants (agro or otherwise) to a public water supply.
My Interesting Photos on Hive Mind
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Lab2014 students presented their final design explorations for Benjamin Bratton's Critical Frameworks section, "2 or 3 Things I Know About The Stack" at The California Institute for Telecommunications and Information Technology (Calit2) at UCSD. The group visited an immersive 3-D projection "CAVE", a 4K digital theater and the nanotech cleanrooms on campus, as well as The Salk Institute for Biological Studies.
A while ago I got a Walimex Pro 8 mm Fisheye lens. Today I took it for a few test shots with my Canon 60D.
The framework of a power pole is one of them.
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Camera: Canon EOS 60D
Focal Length: 8mm Fish-Eye
1/80 sec
ISO: 400
press "L" for the best view
Among the many impacts erosion has on coastal ecosystems are the destruction of soil surface layers, leading to groundwater pollution and to reduction of water resources; degradation of dunes, leading to desertification; reduction of biological diversity; adverse effects on beach dynamics; reduction of sedimentary resources; and disappearance of the sandy littoral lanes that protect agricultural land from the intrusion of seawater, resulting in soil and groundwater salinisation (EEA and UNEP 2006).
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This photo has been graciously provided to be used in the GRID-Arendal resources library by: GRID-Arendal
Removing carbon dioxide (CO2) from the gases emitted by coal-fired and other fossil-fueled power plants requires materials that can efficiently extract the CO2 while ignoring the other gaseous molecules. These materials must be capable of working in hot, moist environments without losing efficiency. PNNL researchers modified the surface of a material called a metal-organic framework (MOF) to render it better able to extract CO2 under the working conditions it might encounter. The MOF shown above was imaged at 20,000 times magnification using a focused ion beam scanning electron microscope. The proposed surface modification may be applicable to thousands of different MOF materials to improve moisture stability and increase selectivity towards CO2 extraction. This work will help to make fossil energy use more sustainable, safer and cleaner. Research was funded by the U.S. Department of Energy.
Team Members from PNNL: Carlos Fernandez, Laxmikant Saraf, Praveen Thallapally and Pete McGrail.
Image was captured using resources at EMSL, a DOE national user facility at PNNL, and colored by Cortland Johnson.
Terms of Use: Our images are freely and publicly available for use with the credit line, "Courtesy of Pacific Northwest National Laboratory." Please use provided caption information for use in appropriate context.