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In Debt to Growth: Real Estate and t...
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London, Daniel Hart.
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In Debt to Growth: Real Estate and the Political Economy of Public Finance in New York City, 1880-1943.
紀錄類型:
書目-電子資源 : Monograph/item
正題名/作者:
In Debt to Growth: Real Estate and the Political Economy of Public Finance in New York City, 1880-1943./
作者:
London, Daniel Hart.
出版者:
Ann Arbor : ProQuest Dissertations & Theses, : 2020,
面頁冊數:
411 p.
附註:
Source: Dissertations Abstracts International, Volume: 82-05, Section: A.
Contained By:
Dissertations Abstracts International82-05A.
標題:
American history. -
電子資源:
https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=28000532
ISBN:
9798691231919
In Debt to Growth: Real Estate and the Political Economy of Public Finance in New York City, 1880-1943.
London, Daniel Hart.
In Debt to Growth: Real Estate and the Political Economy of Public Finance in New York City, 1880-1943.
- Ann Arbor : ProQuest Dissertations & Theses, 2020 - 411 p.
Source: Dissertations Abstracts International, Volume: 82-05, Section: A.
Thesis (Ph.D.)--New York University, 2020.
This item must not be sold to any third party vendors.
Indebted to Growth explores how local public finance decisions made between the Gilded Age and the Great Depression laid the foundation for white suburbanization, spatial inequality, and urban fiscal strains in the postwar era and beyond. It makes this case by investigating conflicts over economic development policies in New York City between the 1880s and the 1940s. During this time local officials promoted working-class homeownership within New York's borders through generous subsidies and transit infrastructure, transforming the city's outer boroughs of Queens and Brooklyn from woods and marshlands into massive single-family housing developments in the process. While left-leaning activists such as Henry George demanded greater municipal control over private land development, the leaders of political machines such as Tammany Hall saw state-sponsored suburbanization as a means of expanding their constituency and power. By the late 1920s, however, however, New York's speculative subdivisions were costing the city far more in municipal services than they were generating in tax revenue. Ultimately, the severity of Gotham's fiscal crisis during the Great Depression was not the result of over-generous welfare services or taxpayer flight, but of local government subsidies on behalf of over-heated real-estate growth within its own borders.In response, during the 1930s planners such as Rexford Tugwell and progressive mayors such as Fiorello La Guardia attempted to place the city's finances on a more sustainable and equitable footing by placing greater limits on public subsidies on behalf of private real-estate. Their efforts, however, were largely nullified by the actions of the Federal government, which during the New Deal began to replace the cash-strapped local state as a source of public aid to the suburban real-estate sector. In order to avoid another real-estate driven fiscal crisis, local officials established a new paradigm of urban economic development: rather than rely upon speculative and unstable property-values, New York would focus on attracting and retaining high-income individuals as a seemingly more reliable basis for urban economic growth. For certain theorists such as Jane Jacobs, such growth could best occur through upward mobility amongst the city's pre-existing working-class population. For figures such as Robert Moses, however, New York's poor and non-white citizens - and their communities - would need to be replaced by more profitable uses and wealthier inhabitants in order for the city to remain solvent. In this way, Indebted to Growth establishes that modern patterns of gentrification, as well as post-war patterns of suburbanization, are both continuations and reactions to previous paradigms of local urban economic development policies established well before World War 2. Above all, my thesis demonstrates how arcane fiscal decisions and deep-rooted assumptions around the promotion of real estate growth have promoted racism, economic inequality, and democratic deficits in American communities both in the past and today.
ISBN: 9798691231919Subjects--Topical Terms:
2122692
American history.
Subjects--Index Terms:
Fiscal
In Debt to Growth: Real Estate and the Political Economy of Public Finance in New York City, 1880-1943.
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Indebted to Growth explores how local public finance decisions made between the Gilded Age and the Great Depression laid the foundation for white suburbanization, spatial inequality, and urban fiscal strains in the postwar era and beyond. It makes this case by investigating conflicts over economic development policies in New York City between the 1880s and the 1940s. During this time local officials promoted working-class homeownership within New York's borders through generous subsidies and transit infrastructure, transforming the city's outer boroughs of Queens and Brooklyn from woods and marshlands into massive single-family housing developments in the process. While left-leaning activists such as Henry George demanded greater municipal control over private land development, the leaders of political machines such as Tammany Hall saw state-sponsored suburbanization as a means of expanding their constituency and power. By the late 1920s, however, however, New York's speculative subdivisions were costing the city far more in municipal services than they were generating in tax revenue. Ultimately, the severity of Gotham's fiscal crisis during the Great Depression was not the result of over-generous welfare services or taxpayer flight, but of local government subsidies on behalf of over-heated real-estate growth within its own borders.In response, during the 1930s planners such as Rexford Tugwell and progressive mayors such as Fiorello La Guardia attempted to place the city's finances on a more sustainable and equitable footing by placing greater limits on public subsidies on behalf of private real-estate. Their efforts, however, were largely nullified by the actions of the Federal government, which during the New Deal began to replace the cash-strapped local state as a source of public aid to the suburban real-estate sector. In order to avoid another real-estate driven fiscal crisis, local officials established a new paradigm of urban economic development: rather than rely upon speculative and unstable property-values, New York would focus on attracting and retaining high-income individuals as a seemingly more reliable basis for urban economic growth. For certain theorists such as Jane Jacobs, such growth could best occur through upward mobility amongst the city's pre-existing working-class population. For figures such as Robert Moses, however, New York's poor and non-white citizens - and their communities - would need to be replaced by more profitable uses and wealthier inhabitants in order for the city to remain solvent. In this way, Indebted to Growth establishes that modern patterns of gentrification, as well as post-war patterns of suburbanization, are both continuations and reactions to previous paradigms of local urban economic development policies established well before World War 2. Above all, my thesis demonstrates how arcane fiscal decisions and deep-rooted assumptions around the promotion of real estate growth have promoted racism, economic inequality, and democratic deficits in American communities both in the past and today.
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