The city has benefited from its position across from the island of Manhattan, and many Jersey City companies are extensions of those in New York. Further developments have included increased housing and shopping areas and a waterfront-renewal project, including the towering Goldman Sachs building (2004). Other parts of the city, however, remain run-down after years of commercial activity. Many ethnic groups throughout U.S. history have settled in Jersey City. The city has a modern medical center and is the seat of New Jersey City Univ. and St. Peter's Univ. In Lincoln Park is a statue of Lincoln, built in 1929. Liberty State Park, on the waterfront, is the site of a science museum and planetarium and provides an excellent view of New York harbor.
The area was acquired by Michiel Pauw c.1629. The Dutch soon set up the trading posts of Paulus Hook, Communipaw, and Horsimus. In 1674 the site fell permanently under British rule. The fort at Paulus Hook was captured by Light-Horse Harry Lee under Washington's plan, Aug. 19, 1779. Nearby Bergen was a stockaded Dutch village dating from before 1620 and had New Jersey's first municipal government, church (Dutch Reformed), and school (1662). Jersey City was consolidated with Bergen and Hudson City in 1869; the town of Greenville was added in 1873. The city's industrial growth began in the 1840s with the arrival of the railroad and the improvement of its water transport system. In 1916, Jersey City docks were the scene of the Black Tom explosion that caused widespread property damage.
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