Switzerland, Zurich

About Zurich

Zürich  is the largest city in Switzerland (population: 366,145 in 2004; population of urban area: 1,091,732) and capital of the canton of Zürich. The metropolitan population is around 1.3 million. The city is Switzerland's main commercial and cultural centre (the political capital of Switzerland being Bern), and is widely considered to be one of the world's global cities. According to a survey in 2006, it is the city with the best quality of life in the world.

The origin of the name is probably the Celtic word Turus, a corroborating reference to which was found on a tomb inscription dating from the Roman occupation in the 2nd century; the antique name of the town in its romanized form was Turicum.

Geography

The city is situated where the river Limmat leaves the northern end of Lake Zürich and is surrounded by wooded hills including (from the north) the Gubrist, the Hönggerberg, the Käferberg, the Zürichberg, the Adlisberg and the Oettlisberg on the eastern shore; and the Uetliberg (part of the Albis range) on the western shore. The river Sihl meets with the Limmat at the end of Platzspitz, which borders the Swiss National Museum (Landesmuseum). The geographic (and historic) center of the city is the 'Lindenhof' a small natural hill on the left bank of the river Limmat, about 700 meters north of where the river leaves the Lake Zürich. Today the incorporated city stretches somewhat beyond it natural hydrographic confines given by its hills and includes some neighborhoods to the northeast in the Glattal (valley of the river Glatt).

History

In Roman times, Turicum was a tax-collecting point at the border of Gallia Belgica (from AD 90 Germania superior) and Raetia for goods trafficked on the Limmat river. A Carolingian castle, built on the site of the Roman castle by the grandson of Charlemagne, Louis the German, is mentioned in 835 ("in castro Turicino iuxta fluvium Lindemaci"). Louis also founded the Fraumünster abbey in 853 for his daughter Hildegard. He endowed the Benedictine convent with the lands of Zürich, Uri, and the Albis forest, and granted the convent immunity, placing it under his direct authority.

In 1045, King Henry III granted the convent the right to hold markets, collect tolls, and mint coins, and thus effectively made the abbess the ruler of the city.

Zürich became reichsunmittelbar in 1218 with the extinction of the main line of the Zähringer family. A city wall was built during the 1230s, enclosing 38 hectares. Emperor Frederick II promoted the abbess of the Fraumünster to the rank of a duchess in 1234. The abbess assigned the mayor, and she frequently delegated the minting of coins to citizens of the city. However, the political power of the convent slowly waned in the 14th century, beginning with the establishment of the Zunftordnung (guild laws) in 1336 by Rudolf Brun, who also became the first independent mayor.

In 1839, the city had to yield to the demands of its urban subjects, following the Züriputsch of 6 September. Most of the ramparts built in the 17th century were torn down, without ever having been sieged, to allay rural concerns over the city's hegemony. The Treaty of Zurich between Austria, France, and Sardinia was signed in 1859.

From 1847, the Spanisch-Brötli-Bahn, the first railway on Swiss territory, connected Zürich with Baden, putting the Zürich Main Station at the origin of the Swiss rail network. The present building of the Hauptbahnhof (chief railway station) dates to 1871.

Industry and commerce
 
UBS, Credit Suisse, Swiss Re, and many other financial institutions have their headquarters in Zürich, the commercial centre of Switzerland. Zürich is the world's primary centre for offshore banking, mainly due to Swiss bank secrecy. The financial sector accounts for about one quarter of the city's economic activities. The Swiss Stock Exchange has its headquarters in Zürich (see also Swiss banking).

Business

Zürich is a leading financial centre and has repeatedly been proclaimed the global city with the best quality of life anywhere in the world. The Greater Zürich Area is Switzerland’s economic centre and home to a vast number of international companies. The GDP of the Zürich Area is CHF 210 billion (USD 160 billion) or CHF 58'000 (USD 45'000) per capita (2005).