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Chicago, the gem of Lake Michigan, is home to one of America’s most diversified economies.
Industry and growth have always been in the city’s DNA. From its foundation in 1833 to 1890, its population grew from mere 200 settlers to an incredible 1 million people. It was the fastest-growing city during those times. By the end of the century, it became the fifth-largest city in the world.
This astounding growth happened thanks to an influx of people from all over the world. Irish, Italians, Poles, and Greeks set the base of what Chicago is today: a truly global city.
It’s home to the University of Chicago, ranked as one of the top ten universities globally. Its Economics department has been awarded thirteen Nobel prizes in Economic Sciences. To this day, no other institution has beaten this record.
The Chicago accent falls under the Inland Northern English dialect. It has many peculiar traits. The most famous is the shift of the th sound into a soft d sound. Thus becomes dus, that turns into dat. And of course, The Bears become Da Bears.
Chicago is the biggest city in the Midwest and the third-largest in the US. This diversified industrial hub has been ranking as one of the most productive areas in the world for years. In 2018, the Chi-town area generated a whopping $689 billion of gross domestic product (GDP). Let’s see some of the most prominent industries:
Finance & Trade
Chicago is one of the most important financial centers in the world. On a national level, it’s the second-largest business district.
It’s home to major financial and futures exchanges, like the Chicago Stock Exchange and the Chicago Board Options Exchange.
This has been the staple industry throughout the city’s history. Today, several prominent companies call Chicago their home. Most notable names include Boeing, Baxter International, and ThyssenKrupp North America.
The healthcare industry is very prominent in Chicago, too. Baxter International, and the Healthcare division of the giant General Electric have their headquarters here.
Thanks to its strategic location, Chicago is the base for many of the Food industry’s giants. McDonald’s, Kraft Heinz, Mondelez International, and US Foods are just a few to name.
Chicago is also home to the McCormick Place. This congress venue is the largest convention center in the country and the third-largest in the world.