
Contents
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Agriculture to Real Estate Agriculture to Real Estate
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The Early Villages of Manhattan The Early Villages of Manhattan
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Greenwich Village Greenwich Village
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The Bowery Road and Bowery Village The Bowery Road and Bowery Village
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Harlem Harlem
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The Theory of Land Use and Land Values in the Walking City The Theory of Land Use and Land Values in the Walking City
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Land Use in the City until the Early Nineteenth Century Land Use in the City until the Early Nineteenth Century
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The First Inversion The First Inversion
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The Irish and the Germans during the First Immigration Wave The Irish and the Germans during the First Immigration Wave
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The Rise of Five Points: Separating Myth from Reality The Rise of Five Points: Separating Myth from Reality
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The Pond and the Points The Pond and the Points
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Housing Prices in Five Points Housing Prices in Five Points
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Cite
Abstract
This chapter discusses Manhattan’ real estate patterns before the Civil War. Fertile soil locations led to early agricultural settlements, which influenced the location of skyscrapers two centuries later. The chapter then discusses the economic theory of land use and land values, and how it explains early neighborhood locations and historical land use in colonial New York. The introduction of mass transit in the 1830s, then gave rise to an inversion of land use. The upper classes “jumped” over the lower classes to live in the northern, suburban fringes. The historical working-class districts (often considered slums), such as Five Points, formerly on the outskirts of the city, became folded into the center, and thus attracted the great tides of Irish and German immigrants in the mid-nineteenth century. Despite the overcrowding and density, tenement housing rent before the Civil War was relatively affordable and allowed for social mobility. These dense neighborhoods (not the bedrock valley) “blocked” the northward movement of skyscrapers.
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