14 Urban Crisis Finance and Crack

14 Urban Crisis Finance and Crack - U r ban Cr isis I I...

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Unformatted text preview: U r ban Cr isis I I Finance and Crack Click to edit Master Decline and Financial Stress Tax receipts falling Liabilities increasing Old infrastructure Social problems Crime subtitle style New York City, 1975 financial crisis 1967-1977 NYC lost 287,000 manufacturing jobs Covering budget gaps with short-term debt Lowered bond ratings $58 billion in bonds in decade before 1975 Oct, 1975: NY Daily News Eventually bailout allowed borrowing 3/14/11 Escape From New York (1981) 1950 to 1980 National murder rate doubled (5 per 100,000 to 10 per 100,000) mostly urban, inner-city rise in gun murders Handguns accounted for ½ murders Seeing the city only from the outside: “Breaking in is insane.” 3/14/11 Crack Epidemic, mid-1980s peak Gang Wars – National Concern Crips (date to late 1960s) Bloods (date to mid-1970s) 1987: 387 gang-related murders in LA Co. 118 murders in South Central 25,000 Black gang members Colors (1988), Dennis Hopper I am a nightmare walking psychopath talking king of my jungle just a gangster stalking - Ice T 3/14/11 1990 *Black men 15 to 24: leading cause of death was homicide *New England Journal of Medicine: Harlem's men less likely to live to 40 than men in Bangladesh *Study of Chicago school children: 24% had witnessed a murder •Philly D.A.: "Our homicide rate is going through the roof. It's just raining a hail of bullets out there on the streets." (Front page NY Times) *2,262 people murdered in NYC (slightly above per capita for largest 25 cities) – up 100% in 20 years. 3/14/11 B oyz i n the H ood (1991) John Singlton, writer, director Exploring South Central’s violent culture Ice Cube as the gang banger older brother Morris Chestnut as the neighborhood’s great hope for escape (football) Cuba Gooding Jr. as friend to both Helicopter as soundtrack 1 in 21 American black males will be a victim of murder Click to edit Master subtitle style Most will be killed by other black males Look for symbolism, themes http://www.youtube.com/watch?v=dQ_Om4k6N10 3/14/11 ...
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This note was uploaded on 03/13/2011 for the course HIST 616 taught by Professor Davidstradling during the Winter '11 term at University of Cincinnati.

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14 Urban Crisis Finance and Crack - U r ban Cr isis I I...

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