 The development of the business district was hampered by the 1930 Great Depression and the Japanese occupation of Indonesia in 1942.After the recognition of Indonesia's independence in December 1949, the business and banking district of Kota was moved to Thamrin and Kebayoran Baru in the south, thus allowing Kota to further deteriorate again after having regained some of its lost glory.The Banking district of Kota area completely disappeared in the 1980s.