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Bankrupting A Great City: The Story Of New York (1915) is a historical account of the financial crisis that hit New York City in the early 20th century. Written by Henry H. Klein, the book details the events leading up to the city's financial collapse, including the mismanagement of funds by city officials and the impact of the Panic of 1907.Klein also explores the social and political factors that contributed to the crisis, including the rise of Tammany Hall and the influence of big business on city politics. He describes the efforts of reformers to bring about change and the resistance they faced from entrenched interests.The book offers a fascinating glimpse into the inner workings of New York City government and the challenges faced by those who sought to reform it. It is a valuable resource for anyone interested in the history of American cities and the struggle for political and economic reform.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
This Is A New Release Of The Original 1921 Edition.
1921. In this book, Mr. Klein proposes that private fortunes should be limited so that the surplus or excess over a certain amount, goes to the government. In this way, government becomes the principal stockholder and bondholder in all monopoly and draws the bulk of revenue therefrom; the cost of government is defrayed out of income on public property, the cost of living reduced, the wages of employees increased, and the interests of small stockholders and bondholders benefited. Taxation in time disappears and government and business become simplified.
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