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Documentary Reveals NYC's 1975 Crisis: $6 Billion Debt

4/23/2025

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Summary

Story summary

"Drop Dead City," a gripping documentary by Peter Yost and Michael Rohatyn, delves into New York City's harrowing 1975 fiscal crisis, exposing a staggering $6 billion debt and looming bankruptcy. It poignantly captures the city's battle to uphold its progressive values during economic chaos, echoing today's political strife and the harsh austerity measures impacting vulnerable communities.

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Story summary

"Drop Dead City," a gripping documentary by Peter Yost and Michael Rohatyn, delves into New York City's harrowing 1975 fiscal crisis, exposing a staggering $6 billion debt and looming bankruptcy. It poignantly captures the city's battle to uphold its progressive values during economic chaos, echoing today's political strife and the harsh austerity measures impacting vulnerable communities.