The Henry Hart Rice Urban Policy Forum @ NYU Wagner will feature a talk by NYU historian Kim Phillips-Fein, author of a new book examining the lasting impact of the roller-coaster 1975 fiscal crisis.
In 1975, news broke that New York City was on the brink of fiscal collapse, shocking people in the city and around the nation. How could the country’s largest metropolis be nearly broke? Over the rest of the year, the city’s fate hung in the balance as it struggled to win aid from Washington, D.C.—where President Gerald Ford and his advisers greeted New York with the attitude summed up in the famous Daily News headline, “Ford to City: Drop Dead.” Even though the city did not, in the end, go bankrupt, the crisis and response transformed approaches to city governance and popular views of the role of business in New York.
The eagerly anticipated Henry Hart Rice Urban Policy Forum, held each year at NYU Wagner, this year will feature a talk on Tuesday, Oct. 17, at 6 p.m. by Kim Phillips-Fein, associate professor at the Gallatin School of Individualized Study, and the History Department of the College of Arts and Sciences, New York University. Phillips-Fein is the author of a new book on the lasting impact of the 1975 fiscal crisis, “Fear City: New York’s Fiscal Crisis and The Rise of Austerity Politics.” The New York Times recently praised it for its “refreshingly counterintuitive point of view.”
Register on the event page to attend the forum at NYU Wagner, Puck Building, 295 Lafayette St., 2nd Floor, New York, N.Y. (corner of Houston and Lafayette streets).