Once nicknamed the “Motor City”, Detroit (Michigan, USA), known as the world’s traditional automotive center, and “Rock City” after the Kiss song “Detroit Rock City”, Detroit is the most populous city in the U.S. state of Michigan, and is the seat of Wayne County, the most populous county in the state and the largest city on the United States-Canada border. It is a primary business, cultural, financial and transportation center in the Metro Detroit area, a region of 5.2 million people, and serves as a major port on the Detroit River connecting the Great Lakes system to the Saint Lawrence Seaway. It was founded on July 24, 1701, by the French explorer and adventurer Antoine Laumet de La Mothe, sieur de Cadillac.
The Detroit area emerged as a significant metropolitan region within the United States as construction of a regional freeway system was completed in the 1950s and 1960s.
“Detroit” is a metonym for the American automobile industry and an important source of popular music legacies celebrated by the city’s two familiar nicknames, the Motor City and Motown. Other nicknames arose in the 20th century, including City of Champions beginning in the 1930s for its successes in individual and team sport, The D, Hockeytown (a trademark owned by the city’s NHL club, the Red Wings), Rock City (after the Kiss song “Detroit Rock City”), and The 313 (its telephone area code). Detroit’s auto industry was an important element of the American “Arsenal of Democracy” supporting the Allied powers during World War II.
Between 2000 and 2010 the city’s population fell by 25 percent, changing its ranking from the nation’s 10th largest city to 18th. In 2010, the city had a population of 713,777, more than a 60 percent drop down from a peak population of over 1.8 million at the 1950 census, indicating a serious and long-running decline of Detroit’s economic strength. Commensurate with the shift of population and jobs to its suburbs or other states, the city has had to adjust its role within the larger metropolitan area. Downtown Detroit has seen an increased role as an entertainment hub in the 21st century, with the opening of three casinos, new stadiums, and a riverfront revitalization project. However, many neighborhoods remain distressed.
The state governor declared a financial emergency in March 2013, appointing an emergency manager. On July 18, 2013, Detroit filed the largest municipal bankruptcy case in U.S. history. It was declared bankrupt by U.S. judge Stephen Rhodes on December 3, who cited its $18.5 billion debt and declared that negotiations with its thousands of creditors were unfeasible.
How it was possible? Stupidity, greed and lack of vision. God bless the richest 1 percent owns 46 percent of global wealth, the lobbyists and the politicians, the government and the senate, and last but not least China!!
Source, more at: gigapica