Posted: November 8, 2013 Filed under: Economics, History, Mediasphere | Tags: Bowery, Eastern Time Zone, History, Leland Bobbe, Madison Square Garden, Manhattan, media, New York, New York City, Photography, Times Square, Wall Street
Gritty 1970s pictures show New York City in decline as crime soared a hundreds of thousands fled to the suburbs
From the Daily Mail Reporter: The 1970s are considered a low point for New York City. More than 820,00 people fled the crime and an unreliable transit system over the course of the decade, moving from the city to the suburbs. The city went nearly bankrupt as Wall Street sputtered under the economic stagnation of the era.
Down time: The economy in New York City sputtered to a halt in the 1970s, leaving tens of thousands without work. These men were seen napping on a stoop on 30th Street in Manhattan’s Chelsea neighborhood
Down time: This man waits for nothing in particular as he drinks a beer in the Bowery
Photographer Leland Bobbe captured the gritty, sometimes desperate nature of the men and women who populated New York in the 1970s.
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