Macroeconomic Monitor
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2013.07.14

Skyscrapers and crises I

Over the past 100 years, we have seen several distinct parallels between crises and construction, all of which have played out quite similarly. New York’s Singer and Metropolitan Life skyscrapers were completed in 1908 and 1909, at the height of the Panic of 1907. In the early years of the Great Depression, New York City’s buildings were rediscovered…

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