states and its fortunes were rising it was a famous working-class city to quote another book by joshua freeman, it was a city that had a lot of business during world war ii and the industries were employing many, many new yorkers and it was also a growing media capital. and it was expanding the office infrastructure, a growing in terms of the of united nations and getting a lot of international attention in a new way politically and seen internationally as the capital of a resurgent u.s. following world war ii. the star was rising during that period. >> host: what happened to new york in the 1970's? >> guest: a complicated question that has global, national, local reasonings behind it. political and economic and cultural it was a period of crisis. on many levels. it was a period that began in the 1960's, the decline. and there really reached the height in the '70s that had to do with the local level with a mismanagement of funds and a fiscal crisis of the state that led to the city technically going bankrupt and when i say it is a complex story over which it has a debate and had to do on the o

i a famous kind of working-class city to quote another book by joshua freeman. was a city that had a lot of business during world war ii and its industries had been employed in many many new yorkers and was also a growing media capital. it was expanding its office infrastructure. it was growing in terms of the sighting of the united nations. it was getting a lot of international attention and a new way politically and it was part of, you know, it was seen internationally as the kind of capital of research of the u.s. following world war ii. yes, very much so so the star was rising in that period. >> what happened to new york in the 1970's? >> well, it's a complicated question that has global, national, local reasoning behind it. political, economic, cultural. it was a period of crisis on many levels, and it was a period that began in the 1960's and it really reached the mid-70s that had to do it the local level with mismanagement of funds, and a fiscal crisis of the state that the lead to the city technically going bankrupt and when i say mismanagement of funds