July 18, 2013
The Government of Detroit, with up to $20 billion in debt, files for the largest municipal bankruptcy in U.S. history.
Commentary
Commentary
Source: Wikipedia (CC BY-SA)
On July 18, in the year 2013:
The Government of Detroit, with up to $20 billion in debt, files for the largest municipal bankruptcy in U.S. history.
The government of Detroit, Michigan mayor, the nine-member Detroit City Council, the eleven-member Board of Police Commissioners, and a clerk.
Commentary
Source: Internal
Why July 18, 2013 matters:
The Government of Detroit, with up to $20 billion in debt, files for the largest municipal bankruptcy in U.S. history.
What began on this day left a lasting mark on history. The effects were felt immediately and continued to shape events, ideas, and lives long afterwards.
Commentary
Source: Internal
Historical context: July 18, 2013
The 21st century has already seen profound shifts: the digital revolution has connected billions while reshaping politics and culture; climate change has emerged as a defining crisis; and new powers have risen to challenge the world order that followed the Cold War.
The event on this day: The Government of Detroit, with up to $20 billion in debt, files for the largest municipal bankruptcy in U.S. history.
Source: https://en.wikipedia.org/wiki/Government_of_Detroit (Wikipedia, CC BY-SA)
Commentary
Commentary
Commentary
Commentary