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Because New Yorkers work for banks and other financial institutions.

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Drake Rodriguez

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3y ago

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What city is known as the Money Capital?

New York


Why is New York City a capital of New York?

New York City is not a capital of New York. U.S. states have only one capital, and the capital of New York State is Albany.


What city located on the Hutson River is the capital of New York?

Albany, the capital city in New York, is located on the Hudson River.


Is the city of New York the capital of New York.if no what is the capital of New York?

Albany is the capital city in New York.


Is the city of New York the capital of New York?

No, the capital of New York is Albany.


Is the city on New York the capital of New York?

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What the first Capital of the US?

The first capital of the U.S.A was Philadelphia. It was not New York. Plus New york was known as New Amsterdam, and it was the capital during the American Revolution, at which point we were not a unified country. Philadelphia was our capital when we announced our freedom from Britain becoming a country. Anybody who says New york was the first capital is absolutely wrong!


Is New York City the capital of New York state?

No. Currently the capital of New York State is Albany. From 1789-1797, during most of George Washington's presidency, New York City was the capital of the United States. That's why a statue of George Washington is still in downtown New York near the New York Stock Exchange. After 1795, Philadelphia became the capital of the United States during a part of Benjamin Franklin's time.


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What is New York City known for?

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