Licenses allowing taxis to operate issued by New York City in the 1930s are called medallions.

Name: Licenses allowing taxis to operate issued by New York City in the 1930s are called medallions.
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This statement is true. Medallions were first introduced in the 1930s as a way to regulate and limit the number of taxis operating in the city. They are essentially licenses that allow taxis to legally pick up passengers on the street.

Licenses Allowing Taxis to Operate Issued by New York City