From: owner-ammf-digest@smoe.org (alt.music.moxy-fruvous digest) To: ammf-digest@smoe.org Subject: alt.music.moxy-fruvous digest V14 #4745 Reply-To: ammf@fruvous.com Sender: owner-ammf-digest@smoe.org Errors-To: owner-ammf-digest@smoe.org Precedence: bulk alt.music.moxy-fruvous digest Tuesday, August 11 2020 Volume 14 : Number 4745 Today's Subjects: ----------------- Become part of the crypto-community! ["Bitcoins" ] ---------------------------------------------------------------------- Date: Tue, 11 Aug 2020 04:14:48 -0400 From: "Bitcoins" Subject: Become part of the crypto-community! Become part of the crypto-community! http://sqrible.buzz/RDg2yGHscQSqiuRRdz_v7wuWDlmCc0nDVJQXCzTt3W9CQJw1 http://sqrible.buzz/Gnkn18-S9aPOfuq9cmkedCFEwB8PwDBhspxtu3UpKaqZRpHJ epartment stores were hit hard; most managed to keep their doors open, but few made money. Hotels which needed to have large staffs, and required high occupancy rates to make a profit were also deeply affected; in Manhattan the hotel occupancy rate fell from 1929's 70% to around 50% in 1933. Room rates were slashed, revenue dropped, and many hotels closed or defaulted. By 1934, 80% of hotels in Manhattan were owned by their creditors. Recovery The slow recovery from the effects of the Great Depression began in the mid-1930s, decelerated at the end of the 1930s, and picked up speed with the start of World War II, so that by the early 1940s the country was for the most part out of the Depression. Excess commercial space began to be used, vacancy rates dropped, department store sales rose, hotel occupancy rates went up, and revenues increased. Despite this recovery, the daytime population of the country's downtowns did not rebound. For instance, in Chicago between 1929 and 1949, the population of the city grew 7%, and that of the entire metropolitan area by about 14%, but the daytime population of The Loop only rose 1/3 of 1%. With a few exceptions, such as New York City, this pattern was typical across American cities, and was tied to the slowing down of the rate of growth of the cities themselves. Cities in the US grew much more slowly than during any other period in the history of the country, and some even lost population. Metropolitan regions grew faster than the cities inside them, indicating the start of the decades of urban sprawl, but they too grew at a slower pace than usual. Downtowns also had less daytime population because people now went to the outlying business districts, which were closer to their homes by car, for their shopping and entertainment, to do business, and to work. The increased use of automobiles over mass transit also damaged downtown, since the streetcar lines converged on downtown, while the roads went everywhere. All of these factors contributed to the lesser recovery of downtown relative to the city as a whole and the metropolitan area. Another sign that downtowns were no longer as central to city life as they once were include the decreased portion of retail trade that took place there as compared to the peripheral business areas, which profited by the growth of the chain stores, to the detriment of the big downtown department stores. Furthermore, the "taxpayers", which many people had expected to disappear once the economy improved, remained in place, and even increased in number. In the Loop in Chicago, by the early 1940s, 18% of the land was vacant or was used for parking; in Los Angeles at the same time, the figure was 25%. Demand for commercial space was so light that it did not make financial sense to construct expensive new buildings, and banks began to refuse to make loans for that purpose, redlining whole neighborhoods in the central business bistrict. ------------------------------ End of alt.music.moxy-fruvous digest V14 #4745 **********************************************