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Old 10-04-2018, 08:31 PM
 
Location: Mishawaka, Indiana
6,266 posts, read 8,430,874 times
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When did New York City begin to compete with London on the world stage as an equal? London being the much older and more established city has had a huge leg up on New York for a long time, but I think most would agree that today they are relative equals, with a nod going to New York City in a lot of areas.


When did New York City's economy begin to compete at a similar level with London's?


When did New York City's fame begin to match London's on a global scale?
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Old 10-04-2018, 09:38 PM
 
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Quote:
Originally Posted by ColdAilment View Post
When did New York City begin to compete with London on the world stage as an equal? London being the much older and more established city has had a huge leg up on New York for a long time, but I think most would agree that today they are relative equals, with a nod going to New York City in a lot of areas.


When did New York City's economy begin to compete at a similar level with London's?


When did New York City's fame begin to match London's on a global scale?

Be specific, please.


Your query is too broad and unspecified. What exactly are you comparing between London and City of New York?


Fashion?
Housing?
Financial Services?
Overall business climate?
Destination for foreign wealth?
Investment?
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Old 10-05-2018, 05:46 AM
 
Location: Tijuana Exurbs
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In my view, New York City became an acknowledged future competitor of London around 1860. Between 1820 and 1860 New York City had completed 4 decades of 50% growth per decade. However, London was still king of the mountain, so 1860 isn't the year which meets the parameters of your question.

New York City probably became a economic peer of London around 1880. By that time, the American economy was the largest in the world with 1872 as the generally accepted year the US became the largest.

However, regarding global fame and cultural impact, probably 1920. WWI had weakened the British Empire and strengthened the American one. By then, Tin Pan Alley, Jazz music, Broadway, and New York based authors had global influence.
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Old 10-05-2018, 07:48 AM
 
Location: Mishawaka, Indiana
6,266 posts, read 8,430,874 times
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Quote:
Originally Posted by BugsyPal View Post
Be specific, please.


Your query is too broad and unspecified. What exactly are you comparing between London and City of New York?


Fashion?
Housing?
Financial Services?
Overall business climate?
Destination for foreign wealth?
Investment?
Never listed fashion or housing, I asked from an economic standpoint. GDP, banking services, world renown and recognition.
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Old 10-05-2018, 07:49 AM
 
Location: Mishawaka, Indiana
6,266 posts, read 8,430,874 times
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Quote:
Originally Posted by kettlepot View Post
In my view, New York City became an acknowledged future competitor of London around 1860. Between 1820 and 1860 New York City had completed 4 decades of 50% growth per decade. However, London was still king of the mountain, so 1860 isn't the year which meets the parameters of your question.

New York City probably became a economic peer of London around 1880. By that time, the American economy was the largest in the world with 1872 as the generally accepted year the US became the largest.

However, regarding global fame and cultural impact, probably 1920. WWI had weakened the British Empire and strengthened the American one. By then, Tin Pan Alley, Jazz music, Broadway, and New York based authors had global influence.
Was not aware the American economy was the largest as far back as 1872, thank you for sharing. Fascinating stuff
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Old 10-05-2018, 12:23 PM
 
Location: Fort Lauderdale, FL
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PBS just ran a five-part series: Victorian Slum House.

In the series a group of 15 modern-day volunteers, aged between 10 and 59, are transported back to Victorian London as they spend three weeks living and working in a recreation of the notorious Old Nichol slum in Bethnal Green in London's East End.

A combined reality and historical drama, it really helps you understand the rise of the inner city of London (it does also discuss New York), and the ongoing plight of the poor.

Try and catch it!
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Old 10-06-2018, 12:43 PM
 
Location: London
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Quote:
Originally Posted by kettlepot View Post
In my view, New York City became an acknowledged future competitor of London around 1860.
New York at that time was the equivalent of Liverpool. Liverpool was richer than London at one time in the late 1800s. Liverpool was the world's first world-city. The first to trade with all parts of the world. The many ships between NYC and Liverpool was like a shuttle. The sailors who manned them were known as the Cunard Yanks, even if they never worked for Cunard.
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Old 10-06-2018, 12:45 PM
 
Location: London
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Quote:
Originally Posted by kettlepot View Post
However, regarding global fame and cultural impact, probably 1920. WWI had weakened the British Empire and strengthened the American one. By then, Tin Pan Alley, Jazz music, Broadway, and New York based authors had global influence.
London soon clawed that back.
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Old 10-07-2018, 10:48 AM
 
Location: San Diego CA
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I'm not clear when NYC reached the same level but it's clear when the city surpassed London. 1945. The center of the global economy shifted to Manhattan. The UK was flat broke. The city was so heavily damaged by the war that all the bombed out buildings were not completely cleared until the 60's. In the US the economy exploded. New jobs. Veterans going to college and university on a government stipend. In London there was rationing into the 1950's.
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Old 10-07-2018, 11:08 AM
 
Location: Mishawaka, Indiana
6,266 posts, read 8,430,874 times
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Quote:
Originally Posted by msgsing View Post
I'm not clear when NYC reached the same level but it's clear when the city surpassed London. 1945. The center of the global economy shifted to Manhattan. The UK was flat broke. The city was so heavily damaged by the war that all the bombed out buildings were not completely cleared until the 60's. In the US the economy exploded. New jobs. Veterans going to college and university on a government stipend. In London there was rationing into the 1950's.
All great points, 1945 was definitely the tipping of the scales. Maybe 1920s-1930s they were relative equals?
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