21st Century
Recently, Boston has experienced a loss of regional institutions and traditions, which once gave it a very distinct social character, as it has become part of the northeastern megalopolis. Examples include: the acquisition of the Boston Globe by The New York Times; the loss of Boston-headquartered publishing houses (noted above); the acquisition of the century-old Jordan Marsh department store by Macy's; the increasing rarity of ice-cream shops using cone-shaped scoops; and the loss to mergers, failures, and acquisitions of once-prominent financial institutions such as Shawmut Bank, BayBank, Bank of New England, and Bank of Boston. In 2004, this trend continued as Charlotte-based Bank of America acquired FleetBoston Financial, and P&G has announced plans to acquire Gillette.
Despite these losses, Boston's ambiance remains unique among world cities and, in many ways, has improved in recent years—racial tensions have eased dramatically, city streets bustle with a vitality not seen since the 1920s, and once again Boston has become a hub of intellectual, technological, and political ideas. Nevertheless, the city had to tackle gentrification issues and rising living expenses. According to Money Magazine, Boston is one of the world's 100 most expensive cities.
Boston was the host city of the 2004 Democratic National Convention. The city also found itself at the center of national attention in early 2004 during the controversy over same-sex marriages. After the Massachusetts Supreme Judicial Court ruled that such marriages cannot be banned under the state's constitution, opponents and supporters of such marriages converged on the Massachusetts State House as the state legislature voted on a state constitutional amendment that would define marriage as only between a man and a woman. Much attention was focused on the city and the rest of Massachusetts when marriage licenses for same-sex couples were issued.
Also in 2004, the Boston Red Sox won their first World Series in 86 years and followed it up three years later with a 2007 victory.
Read more about this topic: History Of Boston
Famous quotes containing the word century:
“In no part of the Seventeenth Century could the French be said to have had a foothold in Canada; they held only by the fur of the wild animals which they were exterminating.”
—Henry David Thoreau (1817–1862)