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During the winter of 1969, the New York Transit Authority increased the public transportation fee fare from 20 cents to 30 cents--a 50% increase. Infuriated riders scrambled under turnstiles and through exit doors, refusing to pay the fare. In THE WRECK OF THE NEW YORK SUBWAYS riders and subway workers denounce the terrible conditions and constant fare increases. The film analyzes the vicious cycle of bonding the Transit Authority, which profits the banks at the expense of the taxpayers.