Amsterdam ( ; Dutch ) is the capital and largest city of the Netherlands, located in the province of North Holland in the west of the country. The city, which had a population of around 1 million (with suburbs) on 1 January 2008, comprises the northern part of the Randstad, the 6th-largest metropolitan area in Europe, with a population of around 6.7 million.

Its name is derived from Amstel dam,Encyclopædia Britannica Eleventh Edition, Vol 1, p896-898. indicative of the city's origin: a dam in the river Amstel where the Dam Square is today. Settled as a small fishing village in the late 12th century, Amsterdam became one of the most important ports in the world during the Dutch Golden Age, a result of its innovative developments in trade. During that time, the city was the leading center for finance and diamonds. In the 19th and 20th centuries, the city expanded and many new neighbourhoods and suburbs were formed.

The city is the financial and cultural capital of the Netherlands. Many large Dutch institutions have their headquarters there, and 7 of the world's top 500 companies, including Philips and ING, are based in the city . The Amsterdam Stock Exchange, part of Euronext, is located in the city centre. Amsterdam's main attractions, including its historic canals, the Rijksmuseum, the Van Gogh Museum, Anne Frank House, its red-light district and its many cannabis coffee shops, draw 4.2 million tourists annually.Amsterdam - Economische Zaken

History

Main: History of Amsterdam The earliest recorded use of the name "Amsterdam" is from a certificate dated 27 October 1275, when the inhabitants, who had built a bridge with a dam across the Amstel, were exempted from paying a bridge toll by Count Floris V. The certificate describes the inhabitants as homines manentes apud Amestelledamme (people living near Amestelledamme). By 1327, the name had developed into Aemsterdam. A local romance account has the city being founded by two fishermen, who landed on the shores of the Amstel in a small boat with their dog.Fact: date=June 2008 Amsterdam's founding is relatively recent compared with much older Dutch cities such as Nijmegen, Rotterdam, and Utrecht. In October 2008, historical geographer Chris de Bont suggested that the land around Amsterdam was being reclaimed as early as the late 10th century. This does not necessarily mean that there was already a settlement then. The reclamation of land may not have been for farming—it may have been for peat, used as fuel.

Painting of Amsterdam in 1538 Amsterdam was granted city rights in either 1300 or 1306. From the 14th century on, Amsterdam flourished, largely because of trade with the Hanseatic League. In 1345, an alleged Eucharistic miracle in the Kalverstraat rendered the city an important place of pilgrimage until the alteration to the Protestant faith. The Stille Omgang—a silent procession in civil attire—is today a remnant of the rich pilgrimage history.