Detroit

Why Is Detroit So Famous?

Detroit is best known as the center of the U.S. automobile industry, and the “Big Three” auto manufacturers General Motors, Ford, and Stellantis North America (Chrysler) are all headquartered in Metro Detroit. What makes Detroit famous? Nicknamed ‘Motor City’, it’s best known as the birthplace of the modern automobile, with visitors flocking to the infamous …

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Why Did Detroit Go Broke?

Revenue fell due to Detroit’s declining population, which reduced the property and income tax base. Rising foreclosures and unemployment following the Great Recession reduced property values and further reduced the property and income tax base. What caused Detroit to fail? It is widely agreed that Detroit’s decline resulted from the exodus of jobs and the …

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