Before contact, the indigenous peoples of Southern Alberta referred to the Calgary area as "elbow", in reference to the sharp bend made by the Bow River and the Elbow River.
In some cases, the area was named after the reeds that grew along the riverbanks, which were used to fashion bows.
Already a transportation and distribution hub, Calgary quickly became the centre of Canada's cattle marketing and meatpacking industries.
When the Canadian Pacific Railway reached the area in 1883, and a rail station was constructed, Calgary began to grow into an important commercial and agricultural centre.Calgary has been consistently recognized for its high quality of life.Economist Intelligence Unit analysts have ranked Calgary as the 5th most livable city in the world in 2017 for the 8th consecutive year.Over a century later, the Canadian Pacific Railway headquarters moved to Calgary from Montreal in 1996.) for one cent per acre per year).As a result of this policy, large ranching operations were established in the outlying country near Calgary.Low oil prices prevented a full recovery until the 1990s.By the end of the decade, however, the economy was in recovery.In 2015, Calgary had the highest number of millionaires per capita of any major city in Canada.In 1988, Calgary became the first Canadian city to host the Winter Olympic Games.In 1787, cartographer David Thompson spent the winter with a band of Peigan encamped along the Bow River.He was a Hudson's Bay Company trader and the first recorded European to visit the area.