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To: roguedolphin who wrote (105400)12/9/2009 6:21:34 AM
From: Dan31 Recommendation  Respond to of 116555
 
Re: Rogue comment....I think this ends badly(?). Building more supply going into a Depression?

But it's such a fine tradition for marking the beginning of a depression - look at when the Empire State building was built!

Excavation of the site began on January 22, 1930, and construction on the building itself started symbolically on March 17—St.Patrick's Day—per Al Smith's influence as Empire State, Inc. president. The project involved 3,400 workers, mostly immigrants from Europe, along with hundreds of Mohawk iron workers, many from the Kahnawake reserve near Montreal. According to official accounts, five workers died during the construction.[18] Governor Smith's grandchildren cut the ribbon on May 1, 1931. Lewis Wickes Hine's photography of the construction provides not only invaluable documentation of the construction, but also a glimpse into common day life of workers in that era.[19] In particular the photo of a worker climbing a stay cable[20] is talismanic of the era and the building itself.

The construction was part of an intense competition in New York for the title of "world's tallest building". Two other projects fighting for the title, 40 Wall Street and the Chrysler Building, were still under construction when work began on the Empire State Building. Each held the title for less than a year, as the Empire State Building surpassed them upon its completion, just 410 days after construction commenced. The building was officially opened on May 1, 1931 in dramatic fashion, when United States President Herbert Hoover turned on the building's lights with the push of a button from Washington, D.C. Ironically, the first use of tower lights atop the Empire State Building, the following year, was for the purpose of signalling the victory of Franklin D. Roosevelt over Hoover in the presidential election of November 1932

en.wikipedia.org