The Bumps of Boom and Bust
Brooklyn may be a place like no other,
but it still is affected by what goes on elsewhere. It prospers
during good times. But when
the economy turns downward, jobs can begin to disappear — with
the poor and people of color hit hardest.
In the Great Depression
of the 1930s, factories closed all across the borough, and thousands
were unemployed. During the boom years of the
1990s, however, Brooklyn flourished. New firms and local internet
entrepreneurs helped revitalize neighborhoods, attracting more new
businesses and
nourishing old ones. |