Taking everything that has been discussed in this section, we will examine the city of Anchorage with respect to urban economics. Anchorage, Alaska was declared a United States territory in 1912 and incorporated into a city in 1920. In 1949, Alaska became the union's 49th state. The city sits at the base of the Chugach Mountains along the coast of Cook Inlet in south-central Alaska. Anchorage is as far north as Helsinki, Finland and as far west as Honolulu, Hawaii. Since its humble beginnings as a trading post, its strategic military presence during the cold war, to is current importance as a focal point in the country's petroleum demand, Anchorage has grown in both size and scope (physically and economically) to rival many cities in the lower forty-eight.
The city will be discussed within the following sections:
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