Detroit's decline began in the 1940s with job losses, leading to a 65% population decrease by 2020. Michigan is now home to thriving suburbs away from the city, contributing to Detroit's decline. Despite its decline, Detroit is on a journey towards revitalization, with new investments and infrastructure improvement.
Mar 9, 2024
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Today, GM and Detroit are bankrupt. The population plummeted to 700,000 with the highest unemployment rate (more than 16 percent) in any major American city.
Detroit, the largest city in the state of Michigan, was settled in 1701 by French colonists. It is the first European settlement above tidewater in North ...
Apr 3, 2014 · It lies in an area that lost about 40% of its residents between 2000 and 2010, according to a census analysis by Data Driven Detroit. The number ...
May 30, 2023 · However, census data shows the decline is slowing down; Detroit lost 74,666 residents from 2010 to 2020 after losing nearly 237,500 people the ...
Duration: 3:01
Posted: Jun 1, 2022
Posted: Jun 1, 2022
The gusts that finally collapsed the sagging city were the bankruptcy of General Motors and Chrysler, and the foreclosure crisis that began in 2008. Abandoned ...
Jul 16, 2023 · Detroit exited bankruptcy in December 2014 with about $7 billion in debt restructured or wiped out and $1.7 billion set aside to improve city ...
In the mid-20th century, Detroit entered a state of urban decay which has continued to the present, as a result of industrial restructuring, the loss of jobs in ...
Aug 10, 2022 · The station sat abandoned for years as the city fell into bankruptcy. Detroit's decline into insolvency formed amid 20th century globalization ...