Give a short essay response for each one. Be sure to incorporate details and information, e.g. specific government policies and corporate practices, from the assigned readings as well as lecture notes. Feel free to include relevant outside sources (e.g. a newspaper article); however this is not required. Each essay should conform to the following requirements:
1. In 1975, New York City experienced a fiscal crisis. What were some important economic and demographic (population) factors that contributed to the fiscal crisis? How did the city's business community use the fiscal crisis opportunity to demand new governing priorities? What were some negative outcomes of the fiscal crisis and who was impacted?