A declining population and city revenues meant that Detroit’s bankruptcy could not have been avoided
McDonald, J. F.
(2014).
A declining population and city revenues meant that Detroit’s bankruptcy could not have been avoided.
Last July, the city of Detroit filed for bankruptcy, the largest municipality to do so in U.S. history. But was this action avoidable? With this in mind, John F. McDonald takes an in-depth look at the city’s history. He argues that the seeds of Detroit’s problems can be traced back to the 1950s, and the subsequent slow decline of the automotive industry, the city’s population, employment and revenues, together with rising public liabilities, made bankruptcy all but inevitable.
| Item Type | Online resource |
|---|---|
| Copyright holders | © 2014 The Author |
| Departments | LSE |
| Date Deposited | 07 Aug 2014 |
| URI | https://researchonline.lse.ac.uk/id/eprint/58714 |