Summary
Contents
Subject index
For more than 40 years the Historic Documents series has made primary source research easy by presenting full primary documents and excerpts from documents on the important events of each year for the United States and the world. Each volume includes approximately 70 events with well over 100 documents from the previous year, from official or other influential reports and surveys, to speeches from leaders and opinion makers, to court cases, legislation, testimony, and much more.
Historic Documents is renowned for the well-written and informative background, history, and context it provides for each document. Each volume begins with an insightful essay that sets the year's events in context, and each document or group of documents is preceded by a comprehensive introduction that provides background information on the event. Full-source citations are provided. Readers have easy access to material through a detailed, thematic table of contents and a cumulative five-year index that directs them to related material in earlier volumes.
Detroit Files for Bankruptcy: July 18, 2014
Detroit Files for Bankruptcy: July 18, 2014
In March 2013, Michigan Governor Rick Snyder announced that the city of Detroit was in a state of financial emergency. He appointed an emergency manager to recommend methods for helping the city avoid bankruptcy. On July 18, however, the plan failed and Detroit became the largest city in the nation to file for Chapter 9 bankruptcy protection. At the time of its filing, the city's debt was estimated between $18 billion and $20 billion. A judge approved the filing on December 3, 2013, paving the way for Detroit to begin working on a plan to restructure its finances.
Manufacturing Meltdown and Urban Flight Precede Financial Meltdown
Detroit did not reach the point of bankruptcy ...
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