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After World War II, however, with increased competition from less expensive imports, Yonkers lost much of its manufacturing activity.
The Alexander Smith Carpet Company, one of the city's largest employers, ceased operation during a labor dispute in June 1954.
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The city is home to several attractions, including the Hudson River Museum; Saw Mill River daylighting, wherein a parking lot was removed to uncover a river; Science Barge; Sherwood House; and Yonkers Raceway, a harness racing track that has renovated its grounds and clubhouse and added legalized video slot machine gambling in 2006 in a "racino" called Empire City.
Major shopping areas are located in Getty Square, on South Broadway, at the Cross County Shopping Center and Westchester's Ridge Hill, and along Central Park Avenue, informally called "Central Ave" by area residents, a name it takes officially a few miles north in White Plains.
Frederick was a wealthy Dutchman who by the time of his death had amassed an enormous estate, which encompassed the entire modern City of Yonkers, as well as several other Hudson River towns.For its first two hundred years, Yonkers was a small farming town with an active industrial waterfront.Yonkers's later growth rested largely on developing industry.The New York City and Northern Railway Company (later the New York Central Railroad) connected Yonkers to Manhattan and points north from 1888.A three-mile spur to Getty Square existed until 1943.
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While the results were positive elsewhere, the returns were so negative in Yonkers and neighboring Mount Vernon that those two areas were not included in the consolidated city, and remained independent.