Formerly named Longacre Square,
Times Square was renamed in April 1904 after the New York Times moved its headquarters
to the newly built Times Building, which is now called One Times Square
and is the site of the annual ball drop on New Years Eve.
Times Square, nicknamed "The Crossroads of the World" and "The Great White Way",
has achieved the status of an iconic world landmark and is a symbol of New York City
and the United States.