New York City fiscal crisis of the 1970s
GPTKB entity
Properties (79)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
fiscal crisis
|
| gptkbp:causedBy |
decline in manufacturing jobs
increased social services costs |
| gptkbp:duration |
1970s
|
| gptkbp:historicalSignificance |
affected national economic policies
highlighted urban financial issues influenced future city budgeting practices led to financial reforms shaped public policy debates |
| https://www.w3.org/2000/01/rdf-schema#label |
New York City fiscal crisis of the 1970s
|
| gptkbp:impact |
public services
city infrastructure city reputation public employee layoffs |
| gptkbp:influencedBy |
1970s recession
|
| gptkbp:involved |
gptkb:New_York_State_government
gptkb:New_York_City_government federal government |
| gptkbp:keyFigures |
gptkb:New_York_City_Comptroller
financial institutions academics economists investors local businesses local organizations policy makers community leaders community organizations federal officials financial analysts journalists researchers urban planners activists advocacy groups business executives business leaders federal agencies labor unions social workers civic organizations city planners city officials consultants state agencies financial regulators local community groups local leaders civic leaders political leaders state officials nonprofits political activists think tanks local nonprofits local activists social activists city agencies community activists city residents civic groups local civic groups economic advisors bankers urban theorists local civic leaders financial consultants local civic organizations financial executives local civic activists President_Gerald_Ford Governor_Hugh_Carey Mayor_Abraham_Beame |
| gptkbp:ledTo |
austerity measures
|
| gptkbp:notableEvent |
1975 fiscal crisis
New_York_City_Municipal_Assistance_Corporation_formation control_board_establishment |
| gptkbp:resultedIn |
federal loan assistance
bankruptcy_declaration |