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Modern period: 1978 - Present
The 1980s saw a rebirth of Wall Street, and the city reclaimed its role at the center of the world-wide financial industry. In the 1990s, crime rates dropped drastically and the outflow of population turned around, as the city once again became the destination not only of immigrants from around the world, but of many U.S. citizens seeking to live a cosmopolitan lifestyle that New York City can offer. In the late 1990s, the city benefited disproportionately from the success of the financial services industry during the dot com boom, one of the factors in a decade of booming residential and commercial real estate value increases
New York City was a site of the September 11, 2001 attacks , when nearly 3,000 people were killed by a terrorist strike on the World Trade Center, including those employed in the buildings, passengers and crew on two commercial jetliners, and hundreds of firemen, policemen, and rescue workers who came to the aid of the disaster. Thick, acrid smoke continued to pour out of its ruins for months following the Twin Towers' fiery collapse. The city has since rebounded and the physical cleanup of the World Trade Center site was completed ahead of schedule. The Freedom Tower, intended to be exactly 1,776 feet tall (a number symbolic of the year the Declaration of Independence was written), is to be built on the site and is slated for construction between 2006 and 2010.
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