Fall River's Recovery After a Century of Debt Crisis
Fall River Massachusetts, once the cotton mill capital of the world, faced a 1930 default on 1.8 million in short term notes triggering a state finance board takeover. The city cut wages and services, closed schools and libraries, and rebuilt tax collections before postwar industry and better highways helped revive its economy.
MENTIONED IN THIS ARTICLE
Fall River
Mass
Taunton River
Mount Hope Bay
America
U.S
Boston
Joseph Ely
Fall River Finance Board
Municipal Assistance Corp
New York
New York City
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Fall River, Mass
Office of Comptroller of the Currency
Congress
the Finance Board
Lizzie Borden
Wichita
Berndt Sienna
R.F.D
Meridian
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Hoover
Kirby
Airway
Electrolux
Hwy
St. Paul
Pizza Hut
Vali
Mt ‘Ke
Tobi