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New York, one of the largest cities in the world, was founded three hundred years ago in the mouth of the Hudson River.
The centre of New York is Manhattan Island. In 1626 it was bought from the Indians for a sum of twenty-four dollars. Today Manhattan is the centre of business and commercial life of the country. There are many skyscrapers, banks and offices of American businessmen in Manhattan. Broadway begins here, the Stock Exchange is located here. Very few people live in Manhattan, although the majority work here. Numerous bridges link Manhattan Island with the other parts of New York.
New York is inhabited by people of almost all nationalities. It is even called «Modern Babylon». At the turn of the 20-th century a lot of people came to the USA from different countries of the world. They entered the USA through New York — the Gateway of America.
. New York is one of the leading manufacturing cities in the world. The most important branches of industry are those, producing paper products, vehicles, glass, chemicals, machinery. The city traffic is very busy.