The Perfect Storm and the Turning Point

Aaron Gurwitz

Chapter Chapter 16 in Atlantic Metropolis, 2019, pp 537-565 from Palgrave Macmillan

Abstract: Abstract A combination of macroeconomic, industrial, and political circumstances—a perfect storm—brought New York City to brink of bankruptcy in October 1975. The years after 1975 marked the nadir of the City’s postwar economic contraction. The subsequent recovery began almost imperceptably, but it did begin.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psichp:978-3-030-13352-8_16

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DOI: 10.1007/978-3-030-13352-8_16

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