Involvement in many of significant historic events has earned Frankfurt its today's unshakeable economical, cultural and political value. This can be traced back to 885, when the city was chosen as a monarch election center. The Cathedral of St. Bartholomew hosted coronations since 1562. The history of the city's Stock Exchange, known as Frankfurt Borse, started in 1585. Since 1879 and until nowadays, the Stock Exchange office is found in Borsenplatz. In 1815, Frankfurt became part of the German Union. Located there was the Bundestag and the Union's highest committee. In 1914, right on the eve of the devastating and crippling war, Frankfurt University was established. In 1932, it was named after Johan Wolfgang Goethe, the city's most renowned citizen ever.
The choice of Bonn city as capital of the Federal republic (1949) in no way undermined Frankfurt's role as the think-tank of German economy, but rather prodded it toward further perfection and evolution. The skyscraper architecture of the central area, which is highly reminiscent of North America, creates a striking parallel to the skyrocketing pace of national economy, and it bears a powerful symbolic meaning, placing Frankfurt high above other large European cities. There are common names to some high-rise buildings, such as 'Bankfurt' and 'Mainhatan'. The 984-foot Commerzbank (300m) is one of the most stunning achievements of modern European architecture, as it also features a unique internal ventilation system. These breathtaking towers were erected in place of old-style buildings that were razed to the ground during World War I. Luckily, the war didn't take everything. Besides, some buildings have been reconstructed in such a way as to bring back the old town image. This is true of the Romer (since 1405 – the city hall) and the cathedral, on the Romerberg.
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