The original “Motor City”, better known as Detroit, started as a fort in the middle of the wilderness. Detroit was founded by a French settler with the name of Antoine Laumet de Lamothe Cadillac, and the fort was named for the rivers. The word “Detroit” is actually French for the word “strait”, accurately named after the rivers of the city itself. Although the city was originally founded in 1701, in 1760 the British took over the fort in a victory, under siege by the Ottawa Indian Chief Pontiac. However, by 1796, Detroit was under U.S. control. Although the city of Detroit started out rich in industry, it has recently declined and filed bankruptcy as of 2013.
The Rise of Detroit
By 1890, Detroit had a population of over 205,000 individuals, and by 1920, more than 1 million people populated the city of Detroit. Between 1910 and 1950, the city was reborn and built to last, with millions entering and building up the area. In 1950 alone, the population peaked at more than 1.8 million citizens. 200,000 people out of the 1.8 million living in Detroit were working in the manufacturing industry at the time, about 1 in every 10 individuals.
However, due to the recent economy and rise in crime, the population in Detroit as of 2013 is roughly 714,000 altogether. Overall, the population has decreased in Detroit more than 25% in just the last 10 years alone. Unfortunately, Detroit was never able to create a trolley, subway or even an extensive bus system, even with its rising population, which may have ultimately lead to its downfall.
Currently in Detroit, many homes are valued less than most vehicles on the street. According to recent statistics, homes that are currently available in Detroit to purchase have a property value of approximately $21,000, with a rapid 5.2% change in the housing values of the city in the past year alone. In addition to the falling house values of the city, Detroit also has an unemployment rate of 9.9%, leaving many families helpless and without the ability to pay for housing and other necessities of everyday life.