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Summary:In no area of the United States was the economic depression felt more keenly than in New York, which faced bankruptcy. The Municipal Corporation laid off thousands of employees from rubbish men to policemen, but President Ford steadfastly refused Federal aid. As a group of top bankers and business experts took over New York's finances from Mayor Beame and the Corporation, President Ford relented and offered limited assistance. NOTE: Date is approximate. This clip may contain footage from multiple events; exact date or dates may be unknown.
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Location:USA NEW YORK CITY
Reuters ID:LDL0010U09M6F
Aspect Ratio:4:3
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Copyright Holder:Reuters Archive
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