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Until the 1970s, New York was the nation's foremost industrial state, ranking 1st in virtually every general category. However, US Commerce Department data show that by 1975 the state had slipped in manufacturing to 2nd in number of employees, payroll, and value added, 4th in value of shipments of manufactured goods, and 6th in new capital spending. Manufacturing shipments in 1998 totaled $168 billion, or 7th in the nation. Important sectors are instruments and related products, industrial machinery and equipment, electronic and electric equipment, printing and publishing, and textiles. The Buffalo region, with its excellent transport facilities and abundant power supply, is the main center for heavy industry in the state. Plants in the region manufacture iron and steel, aircraft, automobile parts and accessories, and machinery, as well as flour, animal feed, and various chemicals. The Buffalo area's biggest private industrial employer, Bethlehem Steel, closed its Lackawanna plant in 1983. Republic Steel also closed its plant, and General Motors cut employment at its Tonawanda facility by two-thirds. Light industry is dispersed throughout the state. Rochester is especially well known for its photographic (Kodak) and optical equipment (Bausch & Lomb) and office machines (Xerox); the city is the world headquarters of the Eastman Kodak Co., a world leader in Photography with sales of $15.968 billion in 1997. The state's leadership in electronic equipment is in large part attributable to the International Business Machines Corp. (IBM), which was founded in 1911 at Endicott, near Binghamton. In 1997, IBM ranked as the 6th-leading US industrial corporation, with sales of $75.9 billion. Its world headquarters is at Armonk, in Westchester County, and it has important facilities at Endicott, Kingston, and Poughkeepsie. The presence of two large General Electric plants has long made Schenectady a leader in the manufacture of electric machinery. New York City excels not only in the apparel and publishing trades but also in food processing, meat packing, chemicals, leather goods, metal products, and many other manufactures. In addition, the city serves as headquarters for many large industrial corporations whose manufacturing activities often take place entirely outside New York. In all, 61 Fortune 500 firms had their headquarters in New York State in 1997. Earnings of persons employed in New York increased from $407.4 billion in 1997 to $432.6 billion in 1998, an increase of 6.2%. The largest industries in 1998 were services, 31.4% of earnings; finance, insurance, and real estate, 20.0%; and state and local government, 12.2%. Of the industries that accounted for at least 5% of earnings in 1998, the slowest growing from 1997 to 1998 was state and local government, which increased 2.3%; the fastest was finance, insurance, and real estate, which increased 9.0%.
Wiki User
∙ 15y ago
Wiki User
∙ 9y agoThe major industries of New York included textiles, along with foodstuffs, metals, rubber, farming machinery, and finance. Since New York was the hub for the robber barons, its industries also included banking, oil, steel, and railroad supplies.
Wiki User
∙ 9y agoThere are a number of main industries in New York. These include publishing, trading, manufacturing, as well as health services.
Wiki User
∙ 14y agotrade
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What are the major rivers in colonial New York?
The Hudson River.
What were taxes like in colonial New York?
Everyone was taxed in colonial new york. :)
What were celebrations and fun things to do in colonial New York?
A celebration in colonial New York was New Years Eve. A fun thing that people did in colonial New York was go to the theater.
What was the polulation in colonial times in New York?
The population in New York in colonial times was diverse.
Government of colonial New York?
The government of colonial New York resided in a governor and an elected assembly.
What are three major industries of new york state?
Industries in colonial New York are Mixed farming, Wheat, Crafts and Shops.
What kind of industry did colonial new york have?
hey
What were the major landforms of colonial New York?
I think that the major landforms of New York are its mountains and valleys.
What were the major rivers in colonial new york?
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What are the major rivers in colonial New York?
The Hudson River.
What were the major cities of colonial New York?
New York City was the most important port city in New York. No other colonial city had more trade. Philadelphia and Boston in Pennsylvania and Massachusetts respectively were second and third. No other New York city was close to the importance of NYC.
What were the major water ways in colonial New York?
any lakes or rivers
What were major occupations in colonial new york?
china was one of the occupation. they flew to china
What major colonial city did the second Continental congress meet in?
New York City
What were some contributions of Colonial New York?
What were some contributions of Colonial New York
What were taxes like in colonial New York?
Everyone was taxed in colonial new york. :)
What were celebrations and fun things to do in colonial New York?
A celebration in colonial New York was New Years Eve. A fun thing that people did in colonial New York was go to the theater.
