RESEARCH SEMINAR: DANIEL WORTEL-LONDON
Between the 1870s and the 1930s New York City underwent a fiscal crisis approximately every twenty years. This paper examines the causes of and responses to the periodic fiscal crisis of late 19th and early 20th century New York. It argues that Gotham’s public finance policies on behalf of private real estate speculation - underassessing utility franchises, subsidizing speculative real estate development, and accruing debt for questionable public improvements – were major factors behind these crises. It examines how reformers of the period used these crises as an opportunity to present alternate fiscal policies that promised to both enhance state revenue and transform the local political economy. Ultimately, it argues that early 20th century Progressives succeeded in developing a new system of municipal revenue and expenditure that, while more stable than its predecessor, maintained the power of the private real estate and banking sectors within the city.
Attendees are encouraged to read Wortel-London's paper, "Private Growth, Public Costs: Municipal Finance and Reform in New York City, 1877-1913," which may be obtained by contacting Carol Lockman at clockman@Hagley.org.
Free, reply requested, call (302) 658-2400, ext. 243, or email Carol Lockman at clockman@Hagley.org.
Hagley is delighted to offer a new benefit for our members at the Household and above levels: exclusive yoga classes with teacher Mary Currie. Classes will be held Tuesday and Thursday mornings.
In this walking tour of the powder yard, guests experience an in-depth, behind-the-scenes look at the black powder process and can try their hand at graining some powder. Reservations requested, call (302) 658-2400, ext. 261.
Cannon firings in the powder yards demonstrate how black powder was made and used.
Join one of our Hagley guides for an introductory tour of Hagley’s patent model collection.
Hagley's two-day Craft Fair features works in wood, pottery, jewelry, fibers, metal, and other media, and includes a specialty outdoor food market.