By 1950, Boston was slumping. Few major buildings were being built anywhere in the city. Factories were closing and moving their operations south, where labor was cheaper. The assets Boston had—excellent banks, hospitals, universities and technical know-how—were minimal parts of the U.S. economy. To combat this downturn, Boston's politicians enacted urban renewal policies, which resulted in the demolition of several neighborhoods, including the New York Streets district in the South End, the old West End, a largely Jewish and Italian neighborhood, and Scollay Square. In their places went a new headquarters for the Boston Herald, the Charles River Park apartment complex, additions to Massachusetts General Hospital, and Government Center. These projects displaced thousands, closed hundreds of businesses, and provoked a furious backlash, which in turn ensured the survival of many historic neighborhoods.