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Atlanta is the capital and largest city of Georgia. According to the latest census estimates (2004), Atlanta real estate had a population of 425,000 and the fast-growing Atlanta metropolitan area totaled 4,708,297, making it the ninth-largest metropolitan area in the United States and the 41st-largest city proper.
According to folklore its central avenue, Peachtree Street, runs through the center of the city on the Eastern Continental Divide. In actuality, the divide line enters Atlanta from the southwest, proceeding to downtown. From downtown, the divide line runs eastward along DeKalb Avenue and the CSX rail lines through Decatur. Rainwater that falls on the south and east side runs eventually into the Atlantic Ocean while rainwater on the north and west side of the divide runs into the Gulf of Mexico. The latter is via the Chattahoochee River from which Atlanta and many of its neighbors draw most of their water. Downstream however, excessive water use during droughts and pollution during floods has been a source of contention and legal battles with neighboring states Alabama and Florida.
Despite romantic associations, Atlanta has always been more a commercial city than an antebellum monument. It is the major center of regional commerce, and boasts an especially strong convention and trade show business. According to the ranking of world cities undertaken by the Globalization and World Cities Study Group & Network (GaWC) and based on the level of presence of global corporate service organisations, Atlanta is considered a gamma or minor world city.*