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How Detroit Went From Good to Bad to Good Again
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Did you know that when Detroit filed for bankruptcy in 2013, it was the largest city bankruptcy filing by debt ever, estimated at a massive $18 to $20 billion? Or that in the 1950s Detroit was the richest city in the U.S and maybe even the world according to some people?
Based on this, it probably won’t surprise you to learn that Detroit has faced a lot of challenges over the years, from the collapse of its automotive industry during the 2008 financial crisis to the city’s own bankruptcy filings in 2013. However, despite these negative events, Detroit wasn’t always a place of hardships and in fact, during its early years, Detroit was one of America’s most promising cities. What might be even more surprising is that recent events even suggest that things might be looking up for the city today.
But what’s the cause of all of the ups and downs Detroit has faced over the years? Well, today on Across the Globe we’re going to be looking at How Detroit Went From Good to Bad to Good Again.
While we do our best to provide you with the most accurate information. These are after all just our take based on data we analyzed. You should make your own decisions based on your own experiences by visiting the places we talk about!
SUBSCRIBE for new videos WEEKLY!
Thanks for watching Across The Globe! We put out top ten videos where we share facts and opinions about the world and its geography! If you're a curious person and are intrigued by travel then this is the channel for you!
#acrosstheglobe
Based on this, it probably won’t surprise you to learn that Detroit has faced a lot of challenges over the years, from the collapse of its automotive industry during the 2008 financial crisis to the city’s own bankruptcy filings in 2013. However, despite these negative events, Detroit wasn’t always a place of hardships and in fact, during its early years, Detroit was one of America’s most promising cities. What might be even more surprising is that recent events even suggest that things might be looking up for the city today.
But what’s the cause of all of the ups and downs Detroit has faced over the years? Well, today on Across the Globe we’re going to be looking at How Detroit Went From Good to Bad to Good Again.
While we do our best to provide you with the most accurate information. These are after all just our take based on data we analyzed. You should make your own decisions based on your own experiences by visiting the places we talk about!
SUBSCRIBE for new videos WEEKLY!
Thanks for watching Across The Globe! We put out top ten videos where we share facts and opinions about the world and its geography! If you're a curious person and are intrigued by travel then this is the channel for you!
#acrosstheglobe
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