On Thursday, July 28, 2013, Detroit, Michigan became the largest city in America ever to file for bankruptcy. Established in 1701, detroit was founded by the french explorer Antoine de la Mothe Cadillac and a party of settlers. Not one of these men had any idea that Detroit would evolve into the thriving hub of the car industry in centuries to come. In 1756, the smallpox virus and a famine threaten the many lives of the settlers in Detroit, but did not decimate the population enough to cause the city to die off. Later on, Detroit officially became a chartered city in 1802. In the United States, a charter city is a city in which the governing system is defined by the city's own charter document rather than by state, provincial, regional or
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After opening, Stroh’s acquires many rivalries such as Schaefer, Schlitz, Old Milwaukee, Lone Star, and Colt 45. This brewery is what opened Detroit to a multitude of factories and plants. In 1896, Henry Ford created the first automobile, which he called the Quadricycle. Another auto mobile producer, Ransom E. Olds opened Detroit's first auto manufacturing plant in 1901. Ransom Eli Olds was a pioneer of the American automotive industry, for whom both the Oldsmobile and REO brands were named. Olds opened the door to opportunity in the automotive business, and Henry Ford noticed. Ford opened his second car company, Henry Ford Co. in the city not soon after Olds. Ford left the company in August 1902, and it became the Cadillac Motor Co. Thus, the luxury car brand Cadillac was the first major automobile company to prosper in Detroit. At this time, Detroit was America's 13th biggest city, with a population of about 286,000 civilians and had begun to truly earn it’s place on the …show more content…
Americans found they needed foreign, more fuel efficient cars, causing a large decrease in American car sales. The OPEC, who supplied over ⅔ of oil, halted oil exports to America, causing an extreme oil deficit. The new need for fuel efficient cars crushed the American automotive business. In other words, The new need for more fuel efficient cars put a damper on the once thriving Detroit car industry.
In following years, Detroit continued to decline as the need for American cars continued to decrease from it’s boom rate. As a city that relied on the automotive industry to continue striving, there wasn’t much of a plan once jobs in the factories began to whither away, piece by piece. In 1992, Detroit hit a junk status for it’s credit rating. 2008 was the year Busch gave a 17.9 million dollar bailout to Chrysler, yet the company still went bankrupt the following year. The events from the 1950s to the early 2000s all led to July of 2013, when a once flourishing city went
After opening, Stroh’s acquires many rivalries such as Schaefer, Schlitz, Old Milwaukee, Lone Star, and Colt 45. This brewery is what opened Detroit to a multitude of factories and plants. In 1896, Henry Ford created the first automobile, which he called the Quadricycle. Another auto mobile producer, Ransom E. Olds opened Detroit's first auto manufacturing plant in 1901. Ransom Eli Olds was a pioneer of the American automotive industry, for whom both the Oldsmobile and REO brands were named. Olds opened the door to opportunity in the automotive business, and Henry Ford noticed. Ford opened his second car company, Henry Ford Co. in the city not soon after Olds. Ford left the company in August 1902, and it became the Cadillac Motor Co. Thus, the luxury car brand Cadillac was the first major automobile company to prosper in Detroit. At this time, Detroit was America's 13th biggest city, with a population of about 286,000 civilians and had begun to truly earn it’s place on the …show more content…
Americans found they needed foreign, more fuel efficient cars, causing a large decrease in American car sales. The OPEC, who supplied over ⅔ of oil, halted oil exports to America, causing an extreme oil deficit. The new need for fuel efficient cars crushed the American automotive business. In other words, The new need for more fuel efficient cars put a damper on the once thriving Detroit car industry.
In following years, Detroit continued to decline as the need for American cars continued to decrease from it’s boom rate. As a city that relied on the automotive industry to continue striving, there wasn’t much of a plan once jobs in the factories began to whither away, piece by piece. In 1992, Detroit hit a junk status for it’s credit rating. 2008 was the year Busch gave a 17.9 million dollar bailout to Chrysler, yet the company still went bankrupt the following year. The events from the 1950s to the early 2000s all led to July of 2013, when a once flourishing city went