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.[21] In 1843 William Overton saw potential in the new settlement but lacked the funds to file an official land claim. For 25 cents, eir respective hometowns (Lovejoy's being Boston, and Pettygrove's, Portland). This controversy was settled with a coin toss that Pettygrove won in a series of two out of three tosses, thereby providing Portland with its namesake.[1] The coin used for this decision, now known as the Portland Penny, is on display in the headquarters of the Oregon Historical Society. At the time of its incorporation on February 8, 1851, Portland had over 800 inhabitants,[23] a steam sawmill, a log cabin hotel, and a newspaper, the Weekly Oregonian. A major fire swept through downtown in August 1873, destroying twenty blocks on the west side of the Willamette along Yamhill and Morrison Streets, and causing $1.3 million in damage.[24] By 1879, the population had grown to 17,500 and by 1890 it had grown to 46,385.[25] In 1888, the city built the first steel bridga the Willamette and Columbia rivers, as well as its easy access to the agricultural Tualatin Valley via the "Great Plank Road" (the route of current-day U.S. Route 26), provided the pioneer city with an advantage over other nearby ports, and it grew very quickly.[27] Portland remained the major port in the Pacific Northwest for much of the 19th century, until tnd, specifically with the establishment of companies like Intel, which brought more than $10 billion in investments in 1995 alone.[42] After the year 2000, Portland experienced significant growth, with a population rise of over 90,000 between the years 2000 and 2014.[43] The city's increased presence within the cultural lexicon has established it as a popular city for young people, and it was second only to Louisville, Kenhe 1890s, when Seattle's deepwater harbor was connected to the rest of the mainland by rail, affording an inland route without the treacherous navigation of the Columbia River. The city had its own Japantown,[28] for one, and the lumber industry also became a prominent economic presence, due to the area's large population of Douglas fir, western hemlock, red cedar, and bis the first American city to have residents report thus,[36] and the Pacific International Livestock Exposition operated from May through September 10, 1942 processing people from the city, northern Oregon, and central Washington.[37] Ge a notorious hub for underground criminal activity and organized crime between the 1940s and 1950s.[38] In 1957, Life magazine published an article detailing the city's history of government corruption and crime, specifically its gambling rackets and illegal nightclubs.[38] The article, which focused on crime boss Jim Elkins, became the basis of a fictionalized film titled Portland Exposé (1957). In spite of the city's seedier undercurrent of criminal activity, Portland enjoyed an economic and industrial surge during World War II. Ship builder Henry J. Kaiser had been awarded contracts to build Liberty ships and aircraft carrier escorts, and chose sites in Portland and Vancouver, Washington, for work yards.[39]ie subculture began to take root in the city in the wake of San Francisco's burgeoning countercultural scene.[11] The city's Crystal Ballroom became a hub for the city's psychedelic culture, while food cooperatives and listener-funded media and radio stations were established.[40] A large social activist presence evolved during this time as well, specifically concerning Native American rights, env early in its history as a hard-edged and gritty port town.[30] Some historians have described the city's early establishment as being a "scion of New England; an ends-of-the-earth home for the exiled spawn of the eastern established elite."[31] In 1889, The Oregonian called Portland "the most filthy city in the Northern States", due to the unsanitary sewers and gutters,[32] and, at the turn of the 20th century, it was considered one of the most dangerous port cities in the world.[33] The city housed a large number of saloons, bordellos, gambling dens, and boardinghouses which were populated with min
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