GM and Chrysler filed for bankruptcy in 2009 Bailed out with loans and investments from the feds (tax dollars) Urban Decay-Detroit filed for bankruptcy in 2013 Largest municipal bankruptcy filing in US history by debt 18-20 billion dollars Rust Belt: towns across NE US Chicago to NY to PA Manufacturing hub (engine of us) all rusting to the ground because it does not produce the same items as much; built wealth and power of US after WWII and now crumbling to the groundMovement of jobs (to Mexico in the Film) Happened before NAFTA NAFTA made it easier to move overseas Also have gone to China in 2000’s now cheaper to go to Indonesia back to Mexico Cultural changes Everyone used to drive American cars as US made most of them Foreign cars have been growing GM Ford and Chrysler were the BIG 3 The film story can be repeated across America for other companies and industries Initiated a movement of people inside America, migration from N and NE to S and WChange in attitudes of Globalization Middle class (blue collar) good jobs are disappearing and the service sector is growing People are unemployed and not trained to move into new economy Angst People are upset (used to work in rust belt jobs) Dominated the 2016 presidential election Popularity of Donald Trump has tapped into the above
You've reached the end of your free preview.
Want to read all 3 pages?
- Fall '08
- FLINT, Michael Moore, Roger Smith, Great Flint Sit