1 Hanover Square
Encyclopedia
1 Hanover Square, formerly known as the New York Cotton Exchange building and as India House, is on the southern edge of Hanover Square in lower Manhattan
in New York City
.
. In 1870, the New York Cotton Exchange
was founded here, the second such exchange in the world and the first commodity market in the United States
. After 1914, it was India House, a private club.
It was declared a National Historic Landmark
in 1977. It currently houses restaurants. It was also used in the 2001 film Kate and Leopold as Leopold's home.
Manhattan
Manhattan is the oldest and the most densely populated of the five boroughs of New York City. Located primarily on the island of Manhattan at the mouth of the Hudson River, the boundaries of the borough are identical to those of New York County, an original county of the state of New York...
in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
.
History
The structure was constructed as a commercial investment by the builder, developer and merchant Richard F. Carman in 1851-53. It was the headquarters of the Hanover BankManufacturers Hanover Corporation
Manufacturers Hanover Corporation was the bank holding company formed as parent of Manufacturers Hanover Trust Company, a large New York bank formed by a merger in 1961. After 1969, Manufacturers Hanover Trust became a subsidiary of Manufacturers Hanover Corporation. Charles J...
. In 1870, the New York Cotton Exchange
New York Cotton Exchange
The New York Cotton Exchange was a commodities exchange founded in 1870 by a group of one hundred cotton brokers and merchants at 1 Hanover Square in New York City.- History :...
was founded here, the second such exchange in the world and the first commodity market in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. After 1914, it was India House, a private club.
It was declared a National Historic Landmark
National Historic Landmark
A National Historic Landmark is a building, site, structure, object, or district, that is officially recognized by the United States government for its historical significance...
in 1977. It currently houses restaurants. It was also used in the 2001 film Kate and Leopold as Leopold's home.
See also
- New Orleans Cotton ExchangeNew Orleans Cotton ExchangeThe New Orleans Cotton Exchange was established in New Orleans, Louisiana, in 1871 as a centralized forum for the trade of cotton. It operated in New Orleans until closing in 1964...
, also a National Historic Landmark - Economy of New York CityEconomy of New York CityThe economy of New York City is the biggest regional economy in the United States and the second largest city economy in the world after Tokyo...