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Detroit Bankrupt: To See Detroit's Decline, Look at 40 Years Of Federal Policy. In 1960, the richest per capita city in America, according to the U.S.

Detroit Bankrupt: To See Detroit's Decline, Look at 40 Years Of Federal Policy

Census Bureau, was Detroit. Today Detroit has filed for bankruptcy, the largest American city to do so. This tragedy is a stark reminder of the unintended consequences of federal legislation that resulted in white flight and caused Detroit's current problems. Before we examine what truly caused the decimation of one the world’s richest cities, let us review just how rapidly the conditions in Detroit have declined. Sixty percent (60%) of all of Detroit’s children are living in poverty. From the New York Times to the Washington Post and across the blue-to-red political spectrum, near universal agreement calls for “letting Detroit go bankrupt.” A major reason for Detroit’s economic woes is often cited from a review of U.S. 2010 Census data, which notes Michigan lost 48% of all its manufacturing jobs from 2000-2010.

A major portion of the answer can be found in national reporting concerning the actual effects of NAFTA. Detroit and Deindustrialization. This article is from Dollars & Sense: Real World Economics, available at This article is from the September/October 2013 issue of Dollars & Sense magazine.

Detroit and Deindustrialization

Questions and Answers with Barry Bluestone By Barry Bluestone | September/October 2013 This July, the city of Detroit—half a century ago the jewel of U.S. industry and technology, and the unofficial capital of the U.S. labor movement—declared bankruptcy. Since its heyday in the 1950s, Detroit has seen the departure of most of the auto plants, first to surrounding suburbs, then further afield, and a downward spiral of the city’s economy. The factors involved in the city’s bankruptcy include multiple issues covered in the pages of Dollars & Sense in recent years. Detroit’s Heyday: A One-Industry Town If you were to play word association, the reaction you would get to the word “Detroit” would change dramatically between the 1950s-1960s and the present.

Packard Automotive Plant, East Grand Boulevard on Detroit’s east side, 2006.

Money

Racial Tensions. White Arrival/Current. Population. Marilyn Salenger: ‘White flight’ and Detroit’s decline. By Marilyn Salenger By Marilyn Salenger July 21, 2013 Marilyn Salenger is president of Strategic Communications Services and a former correspondent and news anchor for several CBS stations.

Marilyn Salenger: ‘White flight’ and Detroit’s decline

An almost palpable sadness has swept across the country at the news that the city of Detroit has filed for bankruptcy. While the possibility of this had been discussed, the reality of what was once the fourth-largest city in the United States sinking to such depths is disheartening, a moment people will remember for years to come. To understand that the decline and bankruptcy represent so much more than dollars and cents requires a step back to a time that many would prefer to forget but remains unforgettable.

In the late 1960s,racial tensions engulfed parts of our country, at the cost of lost lives and abject destruction. It was the beginning of the ending we are now seeing for a city that once stood tall with head held high. Opinions Orlando Shooting Updates post_newsletter348 follow-orlando true after3th.

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