Detroit and Its Banks
Author: Arthur M. Woodford
Publisher:
Published: 1974
Total Pages: 342
ISBN-13:
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Breaking the Banks in Motor City
Author: Darwyn H. Lumley
Publisher: McFarland
Published: 2009-09-12
Total Pages: 203
ISBN-13: 0786454148
DOWNLOAD EBOOKThis history tells the relatively unknown story of how the Detroit automobile industry played a major role in the 1933 banking crisis and the subsequent New Deal reforms that drastically changed the financial industry. Spurred by failed decision making and conflicts of interest by automobile industry leaders, Detroit banks experienced a critical emergency, precipitating the federal closure of banks on March 4, 1933, the first in a series of actions by which the federal government acquired power over economics previously held by states and private industrial and financial interests.
Detroit Resurrected: To Bankruptcy and Back
Author: Nathan Bomey
Publisher: W. W. Norton & Company
Published: 2016-04-25
Total Pages: 347
ISBN-13: 0393248925
DOWNLOAD EBOOKWhat happens when an iconic American city goes broke? At exactly 4:06 p.m. on July 18, 2013, the city of Detroit filed for bankruptcy. It was the largest municipal bankruptcy in American history—the Motor City had finally hit rock bottom. But what led to that fateful day, and how did the city survive the perilous months that followed? In Detroit Resurrected, Nathan Bomey delivers the inside story of the fight to save Detroit against impossible odds. Bomey, who covered the bankruptcy for the Detroit Free Press, provides a gripping account of the tremendous clash between lawyers, judges, bankers, union leaders, politicians, philanthropists, and the people of Detroit themselves. The battle to rescue this iconic city pulled together those who believed in its future—despite their differences. Help came in the form of Republican governor Rick Snyder, a technocrat who famously called himself “one tough nerd”; emergency manager Kevyn Orr, a sharp-shooting lawyer and “yellow-dog Democrat”; and judges Steven Rhodes and Gerald Rosen, the key architects of the grand bargain that would give the city a second chance at life. Detroit had a long way to go. Facing a legacy of broken promises, the city had to seek unprecedented sacrifices from retirees and union leaders, who fought for their pensions and benefits. It had to confront the consequences of years of municipal corruption while warding off Wall Street bond insurers who demanded their money back. And it had to consider liquidating the Detroit Institute of Arts, whose world-class collection became an object of desire for the city’s numerous creditors. In a tight, suspenseful narrative, Detroit Resurrected reveals the tricky path to rescuing the city from $18 billion in debt and giving new hope to its citizens. Based on hundreds of exclusive interviews, insider sources, and thousands of records, Detroit Resurrected gives a sweeping account of financial ruin, backroom intrigue, and political rebirth in the struggle to reinvent one of America’s iconic cities.
This is Detroit, 1701-2001
Author: Arthur M. Woodford
Publisher: Wayne State University Press
Published: 2001
Total Pages: 338
ISBN-13: 9780814329146
DOWNLOAD EBOOKAn illustrated history of Detroit from 1701 to 2001.
Detroit Hustle
Author: Amy Haimerl
Publisher: Running Press Adult
Published: 2016-05-03
Total Pages: 274
ISBN-13: 076245735X
DOWNLOAD EBOOKJournalist Amy Haimerl and her husband had been priced out of their Brooklyn neighborhood. Seeing this as a great opportunity to start over again, they decide to cash in their savings and buy an abandoned house for 35,000 in Detroit, the largest city in the United States to declare bankruptcy. As she and her husband restore the 1914 Georgian Revival, a stately brick house with no plumbing, no heat, and no electricity, Amy finds a community of Detroiters who, like herself, aren't afraid of a little hard work or things that are a little rough around the edges. Filled with amusing and touching anecdotes about navigating a real-estate market that is rife with scams, finding a contractor who is a lover of C.S. Lewis and willing to quote him liberally, and neighbors who either get teary-eyed at the sight of newcomers or urge Amy and her husband to get out while they can, Amy writes evocatively about the charms and challenges of finding her footing in a city whose future is in question. Detroit Hustle is a memoir that is both a meditation on what it takes to make a house a home, and a love letter to a much-derided city.
Toxic Debt
Author: Josiah Rector
Publisher: UNC Press Books
Published: 2022-02-17
Total Pages: 345
ISBN-13: 1469665778
DOWNLOAD EBOOKFrom the mid-nineteenth until the mid-twentieth century, environmentally unregulated industrial capitalism produced outsized environmental risks for poor and working-class Detroiters, made all the worse for African Americans by housing and job discrimination. Then as the auto industry abandoned Detroit, the banking and real estate industries turned those risks into disasters with predatory loans to African American homebuyers, and to an increasingly indebted city government. Following years of cuts in welfare assistance to poor families and a devastating subprime mortgage meltdown, the state of Michigan used municipal debt to justify suspending democracy in majority-Black cities. In Detroit and Flint, austerity policies imposed under emergency financial management deprived hundreds of thousands of people of clean water, with lethal consequences that most recently exacerbated the spread of COVID-19. Toxic Debt is not only a book about racism, capitalism, and the making of these environmental disasters. It is also a history of Detroit's environmental justice movement, which emerged from over a century of battles over public health in the city and involved radical auto workers, ecofeminists, and working-class women fighting for clean water. Linking the histories of urban political economy, the environment, and social movements, Toxic Debt lucidly narrates the story of debt, environmental disaster, and resistance in Detroit.
A Great Moral and Social Force
Author: Tim Todd
Publisher:
Published: 2022-01-03
Total Pages:
ISBN-13: 9780974480961
DOWNLOAD EBOOKThis publication offers a historical consideration of Black banking in the United States by focusing on some of the key individuals, banks and communities. While it is in no way a comprehensive history, it does include background that is essential to understanding each financial institution, its time, the events that led to its creation and the community of which it was not only a vital part, but very often a leader. Much of this history frames the world we find today.
Detroit
Author: Scott Martelle
Publisher: Chicago Review Press
Published: 2014-03-01
Total Pages: 322
ISBN-13: 1613730691
DOWNLOAD EBOOKDetroit was established as a French settlement three-quarters of a century before the founding of this nation. A remote outpost built to protect trapping interests, it grew as agriculture expanded on the new frontier. Its industry leapt forward with the completion of the Erie Canal, which opened up the Great Lakes to the East Coast. Surrounded by untapped natural resources, Detroit turned iron into stoves and railcars, and eventually cars by the millions. This vibrant commercial hub attracted businessmen and labor organizers, European immigrants and African Americans from the rural South. At its heyday in the 1950s and ’60s, one in six American jobs were connected to the auto industry and Detroit. And then the bottom fell out. Detroit: A Biography takes a long, unflinching look at the evolution of one of America’s great cities, and one of the nation’s greatest urban failures. It seeks to explain how the city grew to become the heart of American industry and how its utter collapse resulted from a confluence of public policies, private industry decisions, and deep, thick seams of racism. This updated paperback edition includes recent developments under Michigan’s Emergency Manager law. And it raises the question: when we look at modern-day Detroit, are we looking at the ghost of America’s industrial past or its future? Scott Martelle is the author of The Fear Within and Blood Passion and is a professional journalist who has written for the Detroit News, the Los Angeles Times, the Rochester Times-Union, and more.
A $500 House in Detroit
Author: Drew Philp
Publisher: Simon and Schuster
Published: 2017-04-11
Total Pages: 283
ISBN-13: 147679801X
DOWNLOAD EBOOKA young college grad buys a house in Detroit for $500 and attempts to restore it—and his new neighborhood—to its original glory in this “deeply felt, sharply observed personal quest to create meaning and community out of the fallen…A standout” (Kirkus Reviews, starred review). Drew Philp, an idealistic college student from a working-class Michigan family, decides to live where he can make a difference. He sets his sights on Detroit, the failed metropolis of abandoned buildings, widespread poverty, and rampant crime. Arriving with no job, no friends, and no money, Philp buys a ramshackle house for five hundred dollars in the east side neighborhood known as Poletown. The roomy Queen Anne he now owns is little more than a clapboard shell on a crumbling brick foundation, missing windows, heat, water, electricity, and a functional roof. A $500 House in Detroit is Philp’s raw and earnest account of rebuilding everything but the frame of his house, nail by nail and room by room. “Philp is a great storyteller…[and his] engrossing” (Booklist) tale is also of a young man finding his footing in the city, the country, and his own generation. We witness his concept of Detroit shift, expand, and evolve as his plan to save the city gives way to a life forged from political meaning, personal connection, and collective purpose. As he assimilates into the community of Detroiters around him, Philp guides readers through the city’s vibrant history and engages in urgent conversations about gentrification, racial tensions, and class warfare. Part social history, part brash generational statement, part comeback story, A $500 House in Detroit “shines [in its depiction of] the ‘radical neighborliness’ of ordinary people in desperate circumstances” (Publishers Weekly). This is an unforgettable, intimate account of the tentative revival of an American city and a glimpse at a new way forward for generations to come.
Diego Rivera
Author: Linda Bank Downs
Publisher:
Published: 1999
Total Pages: 202
ISBN-13:
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