Poverty and its Racial Implications
Poverty and its Racial Implications
- The housing crisis in Detroit is inextricably linked to the restructuring of the industrial and commercial base of the U.S. Beginning in the mid-1950s, and extending through the first decade of the 21st century, the theft of millions of jobs around the U.S. particularly had a devastating impact on Detroit. With a declining population and tax base, the city was subjected to even more predatory activity by some of the largest financial institutions internationally.
- The housing crisis in Detroit is inextricably linked to the restructuring of the industrial and commercial base of the U.S. Beginning in the mid-1950s, and extending through the first decade of the 21st century, the theft of millions of jobs around the U.S. particularly had a devastating impact on Detroit. With a declining population and tax base, the city was subjected to even more predatory activity by some of the largest financial institutions internationally.