from Fox News:
The bankruptcy filing for Detroit marks a final step in the chrome-plated city’s decades-long decline – which started with the country’s overall manufacturing slowdown and continued with the departure of U.S. automakers and residents, leaving behind a sprawling city trying to survive on dwindling coffers.
Detroit was in the 1950s a worldwide hub of auto manufacturing, making it the fourth-largest U.S. city with one of the country’s highest per-capita incomes.
However, the so-called Motor City’s decline started soon after with residents — following their counterparts in other U.S. cities – starting to move to the suburbs and take with them businesses, jobs and tax dollars.
Historians argue the deadly 1967 riot in Detroit, one of the many so-called “race riots” across the country in the 1960s, accelerated the trend.
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