On March 25, 1911, the Triangle Shirtwaist Factory fire in Greenwich Village killed 146 garment workers. The disaster eventually led to overhauls of the city's fire department, building codes, and workplace regulations.[80]
The period between the World Wars saw the election of reformist mayor Fiorello La Guardia and the fall of Tammany Hall after 80 years of political dominance.[81] As the city's demographics stabilized, labor unionization brought new protections and affluence to the working class, the city's government and infrastructure underwent a dramatic overhaul under La Guardia. Despite the Great Depression, some of the world's tallest skyscrapers were completed in Manhattan during the 1930s, including numerous Art Deco masterpieces that are still part of the city's skyline today, most notably the Empire State Building, the Chrysler Building, and the GE Building.
Victory over Japan Day in Times Square, 1945
The Stonewall riots were a series of spontaneous, violent demonstrations by members of the gay community against a police raid that took place in the early morning hours of June 28, 1969, at the Stonewall Inn in the Greenwich Village neighborhood of Lower Manhattan. They are widely considered to constitute the single most important event leading to the gay liberation movement and the modern fight for LGBT rights in the United States.[84][85]
In the 1970s job losses due to industrial restructuring caused New York City, including Manhattan, to suffer from economic problems and rising crime rates.[86] While a resurgence in the financial industry greatly improved the city's economic health in the 1980s, New York's crime rate continued to increase through the decade and into the beginning of the 1990s.[87]
The 1980s saw a rebirth of Wall Street, and Manhattan reclaimed its role at the center of the worldwide financial industry. The 1980s also saw Manhattan at the heart of the AIDS crisis, with Greenwich Village at its epicenter. The organizations Gay Men's Health Crisis (GMHC) and AIDS Coalition to Unleash Power (ACT UP) were founded to advocate on behalf of those stricken with the disease.
By the 1990s crime rates started to drop dramatically due to revised police strategies, improving economic opportunities, gentrification, and new residents, both American transplants and new immigrants from Asia and Latin America. Murder rates that had reached 2,245 in 1990 plummeted to 537 by 2008, and the crack epidemic and its associated drug-related violence came under greater control.[88] The outflow of population turned around, as the city once again became the destination of immigrants from around the world, joining with low interest rates and Wall Street bonuses to fuel the growth of the real estate market.[89] Important new sectors, such as Silicon Alley, emerged in Manhattan's economy.
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21st century
The Occupy Wall Street protests in Zuccotti Park in the Financial District of Lower Manhattan began on September 17, 2011, receiving global attention and spawning the Occupy movement against social and economic inequality worldwide.[94]
On October 29 and 30, 2012, Hurricane Sandy caused extensive destruction in the borough, ravaging portions of Lower Manhattan with record-high storm surge from New York Harbor,[95] severe flooding, and high winds, causing power outages for hundreds of thousands of city residents[96] and leading to gasoline shortages[97] and disruption of mass transit systems.[98][99][100][101] The storm and its profound impacts have prompted the discussion of constructing seawalls and other coastal barriers around the shorelines of the borough and the metropolitan area to minimize the risk of destructive consequences from another such event in the future.[102]
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