Flashcards in Economic characteristics Deck (10)
What car companies were Detroit's main source of income?
GM, Ford and Chrysler
What did the international oil crisis lead to?
Motorist bought more fuel efficient cars from competitors elsewhere
As less cars were being made and less people were employed in the factories what did this do?
Reduced taxes and investment in the city
Why did car companies leave?
Ford and GM started manufacturing abroad due to cheaper labour, others went to other states due to black and white people refusing to work with each other
When was the economic recession?
What did automation do to employment?
Reduced employment as assembly line jobs were replaced with machines
How is Ford linked to the city now?
Henry Ford Museum of American Innovation
Detroit is now America's poorest city and considered the...?
Capital of the rust belt
How much have they invested in aerospace companies?
$4.7 billion dollars