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What is the origin of the nickname "Money Making Manhattan" for the borough of Manhattan in New York City?

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There's this little lane called "Wall Street" there. – JLG Oct 1 '12 at 18:23

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Nelson George's book The Death of Rhythm and Blues says the phrase was popularized by Mr. Magic's hip-hop radio show in New York City in the 1980s. I wouldn't be surprised if he coined it ... I can't find any citations earlier than the 1980s in Google books.

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