![]() They settled along the Mahicannituck, which is now called the Hudson River, and called themselves the Muh-he-con-neok, the "People of the Waters That Are Never Still". The Mohawk were one of the Five Nations of the Iroquois Confederacy.Īccording to Hendrick Aupaumut, the Mohicans came to the area from the north and the west. Based to the west along the Mohawk River, the Iroquoian-speaking Mohawk called it Sche-negh-ta-da, "through the pine woods", referring to the path they took there. The Hudson River area was originally inhabited by Algonquian-speaking Mohican (Mahican), who called it Pempotowwuthut-Muhhcanneuw, meaning "the fireplace of the Mohican nation". Mohican, Mohawk, and Dutch before 1660 North Pearl Street from Maiden Lane North a c. In the early 21st century, Albany's high-technology industry grew, with great strides in nanotechnology. In the 1990s, the New York State Legislature approved for the city a US$234 million building and renovation plan, which spurred redevelopment downtown. In the latter part of the 20th century, Albany's population shrank because of urban sprawl and suburbanization. In the 1920s a powerful political machine controlled by the Democratic Party arose in Albany. It was the original eastern terminus of the Erie Canal, connecting to the Great Lakes, and was home to some of the earliest railroads in the world. The city lies toward the north end of the navigable Hudson River. In the late 18th century and throughout most of the 19th, Albany was a center of trade and transportation. No other city in the United States has been continuously chartered as long. Albany is the oldest surviving settlement of the original British thirteen colonies north of Virginia. It became the capital of New York in 1797 after the formation of the United States. The city was officially chartered in 1686 under English rule. ![]() In 1664, the English took over the Dutch settlements, renaming the city Albany in honor of the Duke of Albany (and Duke of York), the future James II. The area was settled by Dutch colonists who, in 1614, built Fort Nassau for fur trading and in 1624, built Fort Orange. The Hudson River area was originally inhabited by Algonquian-speaking Mohican (Mahican), who called it Pempotowwuthut-Muhhcanneuw. As of 2022, Albany's population was 100,826. With an estimated population of 1.1 million in 2013, the Capital District is the third most populous metropolitan region in the state. It is the economic and cultural core of the Capital District of the State of New York, which comprises the Albany– Schenectady– Troy Metropolitan Statistical Area, including the nearby cities and suburbs of Troy, Schenectady, and Saratoga Springs. The city is known for its architecture, commerce, culture, institutions of higher education, and rich history. It is located on the west bank of the Hudson River, about 10 miles (16 km) south of its confluence with the Mohawk River, and about 135 miles (220 km) north of New York City. state of New York and the seat of and the most populous city in the county of the same name. May Lose Value.Albany ( / ˈ ɔː l b ə n i/ ⓘ AWL-bə-nee) is the capital and oldest city in the U.S. Investment management and related products and services provided to a "municipal entity" or "obligated person" regarding "proceeds of municipal securities" (as such terms are defined in the Act) will be provided by PNC Capital Advisors. ![]() ![]() PNC Bank is not registered as a municipal advisor under the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Act"). PNC does not provide legal, tax, or accounting advice unless, with respect to tax advice, PNC Bank has entered into a written tax services agreement. PNC uses the marketing name PNC Retirement Solutions® for investment, consulting, trustee, and custody services for employer-sponsored retirement plans provided by PNC Bank. PNC uses the marketing name PNC Institutional Advisory Solutions® for discretionary investment management, trustee, and related services conducted by PNC Bank. PNC uses the marketing name PNC Institutional Asset Management® for the various discretionary and non-discretionary institutional investment, trustee, custody and related services provided by PNC Bank, and investment management activities conducted by PNC Capital Advisors, LLC, an SEC-registered investment adviser and wholly-owned subsidiary of PNC Bank (“PNC Capital Advisors”). ![]() ("PNC") uses the marketing names PNC Private Bank℠ and PNC Private Bank Hawthorn® to provide investment consulting and wealth management, fiduciary services, FDIC-insured banking products and services, and lending of funds to individual clients through PNC Bank, National Association ("PNC Bank"), which is a Member FDIC, and to provide specific fiduciary and agency services through its subsidiary, PNC Delaware Trust Company or PNC Ohio Trust Company. ![]()
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