History
The lower stretch of Fifth Avenue extended the stylish neighborhood of Washington Square northwards. The high status of Fifth Avenue was confirmed in 1862, when Caroline Schermerhorn Astor settled on the southwest corner of 34th Street, and the beginning of the end of its reign as a residential street was symbolized by the erection, in 1893, of the Astoria Hotel on the site of her house, later linked to its neighbor as the Waldorf-Astoria Hotel (now the site of the Empire State Building). Fifth Avenue is the central scene in Edith Wharton's 1920 Pulitzer Prize winning novel The Age of Innocence. The novel describes New York's social elite in the 1870s and provides historical context to Fifth Avenue and New York's aristocratic families.
Originally a narrower thoroughfare, much of Fifth Avenue south of Central Park was widened in 1908, sacrificing its wide sidewalks to accommodate the increasing traffic. The midtown blocks, now famously commercial, were largely a residential district until the start of the 20th century. The first commercial building on Fifth Avenue was erected by Benjamin Altman who bought the corner lot on the northeast corner of 34th Street in 1896, and demolished the "Marble Palace" of his arch-rival, A. T. Stewart. In 1906 his department store, B. Altman and Company, occupied the whole of its block front. The result was the creation of a high-end shopping district that attracted fashionable women and the upscale stores that wished to serve them. Lord & Taylor's flagship store is still located on Fifth Avenue near the Empire State Building and the New York Public Library.
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Famous quotes containing the word history:
“We don’t know when our name came into being or how some distant ancestor acquired it. We don’t understand our name at all, we don’t know its history and yet we bear it with exalted fidelity, we merge with it, we like it, we are ridiculously proud of it as if we had thought it up ourselves in a moment of brilliant inspiration.”
—Milan Kundera (b. 1929)
“History has neither the venerableness of antiquity, nor the freshness of the modern. It does as if it would go to the beginning of things, which natural history might with reason assume to do; but consider the Universal History, and then tell us,—when did burdock and plantain sprout first?”
—Henry David Thoreau (1817–1862)
“The History of the world is not the theatre of happiness. Periods of happiness are blank pages in it, for they are periods of harmony—periods when the antithesis is in abeyance.”
—Georg Wilhelm Friedrich Hegel (1770–1831)