On Second Thought, I Won’t Go
The following capsule history of New York City is found at the go-newyorkcity.com website. I think it pretty much sums it all up…
NYC History - In the first half of the 20th century, the city became a world center for industry, commerce, and communication. Interborough Rapid Transit (the first subway company) began operating in 1904. The New York skyline soared in the 1930s with the building of some of the world’s tallest skyscrapers.
In the decades after World War II, however, the city slid into gradual decline with the loss of population to the suburbs and the erosion of its industrial base. Like many US cities, New York suffered severe race riots in the 1960s, and by the 1970s, the city had gained a reputation for being a crime-ridden relic of history. In 1975, the city hit bottom and had to declare bankruptcy.