Foreign trade returned after these hostilities, but Boston's merchants had found alternatives for their capital investments in the interim.Manufacturing became an important component of the city's economy, and the city's industrial manufacturing overtook international trade in economic importance by the mid-19th century.The most recent example of such a judgment that was less than obvious was in 1980-1982, when the Committee determined that the contraction that began in 1981 was not a continuation of the one that began in 1980, but rather a separate full recession.The Committee does not have a fixed definition of economic activity.The Union Oyster House, located on the Freedom Trail, near Faneuil Hall, enjoys the unique distinction of being America's oldest restaurant.This Boston fixture, housed in a building dating back to Pre-Revolutionary days, started serving food in 1826 and has continued ever since with the stalls and oyster bar, where Daniel Webster was a constant customer, in their original positions.Boston remained one of the nation's largest manufacturing centers until the early 20th century, and was notable for its garment production and leather-goods industries.
After the Revolution, Boston's long seafaring tradition helped make it one of the world's wealthiest international ports, with the slave trade, Boston's harbor activity was significantly curtailed by the Embargo Act of 1807 (adopted during the Napoleonic Wars) and the War of 1812.
The NBER's Business Cycle Dating Committee maintains a chronology of the U. A recession is a period between a peak and a trough, and an expansion is a period between a trough and a peak.
The chronology comprises alternating dates of peaks and troughs in economic activity.
Irish and Italian immigrants brought with them Roman Catholicism.
Currently, Catholics make up Boston's largest religious community, The largest reclamation efforts took place during the 19th century; beginning in 1807, the crown of Beacon Hill was used to fill in a 50-acre (20 ha) mill pond that later became the Haymarket Square area.
The peninsula is thought to have been inhabited as early as 5000 BC.