Detroit Bankruptcy

The most significant factor that catapulted Detroit, Michigan to becoming a prosperous city in America was the mass production of the automobile in the early 20th century. Three companies encompassed the auto industry in America and they were Ford, General Motors, and Chrysler. Consequently, the three companies were referred to as the “Big Three.” The “Big Three” established their headquarters, and assemble plants in the Detroit area. David Littman, Senior Vice President & chief Economist, Comerica Bank (retired) stated, “what really built the city of Detroit were the thing of substance of a market system entrepreneurship and incentive…come to

Detroit tops Forbes list of the Most Dangerous Cities this year for the fifth year in a row. What is encouraging is the violent crime rate in the Motor City actually declined last year, despite crushing financial woes that drove Detroit into the biggest municipal bankruptcy in U.S. history. Crime affects the people of Detroit and the city’s reputation, employment, income and education. It should be stopped to make Detroit prosper and make the lives of the people living there better. Detroit had 316 murders in 2013, a rate of 45 per 100,000 people. That 's the highest rate among cities with populations over 100,000. In 2013 Detroit also reported 14,504 violent crimes. That 's also the highest per capita rate in the nation, according to the

Detroit, the largest city in the state of Michigan, unfortunately has been plagued with a high crime rate resulting in synonymous acts of violence, poverty, and urban decay. A multitude of factors are considered when determining accurate explanations of crime within Detroit. These factors include changes in land use, property values, transportation, and retail, as an individual moves further away from the city center. According to Robert Park and Ernest Burgess, Chicago School, a city was similar to a body and consisted of various organs. The theory attempted to analyze criminality from an ecological and social disorganization standpoint. This theory asserted that a city included distinctive concentric circles that radiated from the central business district (CBD). Supposedly, the further one moves away from the concentric zones, the fewer social problems that exist (Williams & McShane, 2009, p. 86).

The people have to take moment and figure out how we are going change the problem to pollution to help better their community. Well the people of Detroit is not on their own its companies that want to help the city. JP Morgan Chase a major bank company around the country will donate 100 million dollars to help the economic recovery and strengthen the communities with a 5 year commitment (Hower, n.d.para.1). Chase have steps and certain projects they will do to start helping the city get back on their feet after filing for bankruptcy not too long

Then, on June 1, 2009, General Motors filed for Chapter 11 bankruptcy after failing to successfully negotiate deals with bond holders (Start Fresh Today 2012).

When you hear about the city Detroit do you ever think of it as a city that needs to be gentrified? Gentrification is the process in which renovating or improving a house or district so that it accepts to middle-class taste. Gentrifying the city of Detroit is a great thing because the city needs to show improvement, develop into a better place, and it needs to increase its population numbers from a low rate to a more advanced rate.

This paper explores the economic restructuring and revitalization of Detroit Michigan post World War II until today. The purpose of this research paper is to show the history of Detroit’s auto and manufacturing industry, in what ways it has changed in recent years, and how it has helped define the economy of Detroit and damaged it. This paper suggests that the deindustrialization of plants and industries and the depopulation of whites to the Suburbs have triggered the economic downfall of the Motor City. Some social issues such as race discrimination and segregation that might have led to the riots of 1943, and 1967, and the migration of African Americans to Northern States in search of employments will be discussed as well. In

I received the opportunity to interview one of my father's close friends and business partners, Mr. Joseph E. Hutchison Sr., for the purposes of exploring how he perceived the Detroit riots of 1697. Mr. Hutchison is an African American man, which has lived in multiple neighborhoods throughout Detroit all his life, and has raised a family in the city as well. Furthermore, Mr. Hutchison has a funeral home on Detroit's East Side, which has been thriving for more than forty-years. Moreover, he has a love for the city, no matter what condition the city is in. Pursuing this idea further, Hutchison has experienced about three race riots throughout his life, in which he

Detroit “The City of Straits” was founded in 1701 by Antoine Cadillac to disrupt English settlers moving into the Ohio Valley,

He argues that the city does not have an elected official running the city; instead, the state appointed a bankruptcy lawyer, Kevyn Orr, who answers only to the state governor (Eisinger, 2013). As such, Orr does not serve the residents of Detroit specifically, which Eisinger states is a central urban function of a city. Instead, Orr is primarily in charge of recasting the city budget and selling assets to help pay off the extraordinary debt, and published a report of the situation in Detroit in 2013. Eisinger also argues that the public services in Detroit are in crisis. The effectiveness and efficiency of the police department is “extremely low” (Eisinger, 2013), and that the public transportation system is unreliable; it should be noted that Detroit “is one of the few cities in the United States without public transportation between the city and its major airport.”

Both teams are highly competitive in their respective sports, and offer fantastic games and events for Detroit fans and opposing team tourists as well. While looking to increase migration to the city, The District Detroit also wants to increase tourism. Fans from all around the nation are always looking for opportunities to support their team on the road. Not only do they get to see their city’s team in action, but they get to take a mini trip to a different city and explore and experience all that the host city has to offer. The District Detroit is going be a prime destination for fans all around the nation. Detroit will be the only city nationally to have all four major professional sports teams in the downtown area. With restaurants, shopping, bars, hotels, and nightlife the new District has plenty to offer for fan interactions and events. For these tourists to come, Detroit needs to advertise and market this District to the nation to present the image of the complete experience the District has to offer. Not only will tourists be able to see their team play, but the district will offer full engagement and opportunities outside of the arenas. This increased tourism has the potential to increase migration by showing all the offerings the District Detroit will

Reputations can be very deceiving.  They cause you to think a certain way about something without forming your own opinion first.  Reputations are like stereotypes: they both make you conform to other people's views about a subject without getting to know it for yourself.  The city of Detroit falls victim to having a bad reputation.  The Motor City is known as being corrupt and left for dead; it is called hopeless and dangerous by people who have never even stepped foot into the city.  Growing up thirty miles from Detroit, I consider myself a Detroiter and disagree with the city’s horrible reputation.  I believe that Detroit has been through

In 2009 the American auto industry was in a dire economic state. Chrysler was in Chapter 11, GM was on the brink of bankruptcy, and Ford’s future was at best uncertain. The demise of the U.S. auto industry would have a devastating impact on our national economy and specifically the economies of Michigan and Ohio.

Detroit is a very well-known and diverse city. “Somewhere behind its neglected, graffiti covered skyscrapers are charming reminders of a city that was once among the world’s wealthiest” (Gray). This city has been through a lot. Detroit was first founded by the French in 1701 and then used as a fur trade post. Jumping a little in the future, it has had riots and protest for equal rights among its busy streets. Detroit is also known as the Motor City. “By the mid-twentieth century one in every six working Americans was employed directly or indirectly by the automotive industry” (Sugrue). Yet after everything this city has endured Detroit is thought of as a place of fear. It has a lot of history and has a lot to offer if people would let

Three of the largest bankruptcies in history - GM, Wall Street investment bank Lehman Brothers and savings and loan Washington Mutual, have occurred in the last nine months.