Historical Lessons on Financial Crises in NYC

This chapter explores the historical context of financial crises in New York City, focusing on the fiscal crisis of 1873 and its impacts on real estate, labor movements, and urban development. Key figures like Henry George are examined for their proposed reforms advocating for a more equitable economy amid widespread bankruptcy. The narrative analyzes the evolution of economic thought and development strategies, emphasizing the importance of accountability and community-oriented solutions to foster justice and equity.