https://www.youtube.com/watch?v=824534124
Movie Details
- Status: Released
- Movie Tagline:
- Genres: Documentary
- Release Date: 2022-10-19
- Runtime: 93.0 min
- Budget: Not Available
- Revenue: Not Available
- Production Companies: Not Available
Cast & Crew
Leanna Sullivan, Whitney Lemelin
Synopsis – What to Expect from “Gradually, Then Suddenly: The Bankruptcy of Detroit”
Gradually, Then Suddenly: The Bankruptcy of Detroit is a 2022 documentary that explores the financial crisis that led to the largest municipal bankruptcy in the history of the United States.
The film begins by exploring the history of Detroit, from its heyday as a manufacturing powerhouse to its decline in the second half of the 20th century. It examines the economic and political forces that led to the city’s downfall, including deindustrialization, white flight, and the rise of suburbanization.
The documentary then turns its attention to the financial crisis that began in 2008 and the subsequent years of economic decline that followed. It examines the role of the city’s government and its financial mismanagement, as well as the role of the state of Michigan and the federal government in allowing the situation to deteriorate to such an extent.
The film then follows the events leading up to the city’s bankruptcy in 2013. It looks at the protests, the debates, and the court cases that followed, as well as the impact of the bankruptcy on the city’s residents. It examines how the city has changed since the bankruptcy and the challenges it still faces.
The film ultimately serves as a cautionary tale, showing how a city can go from being a thriving metropolis to a bankrupt municipality in a matter of years. It also serves as a reminder of the importance of fiscal responsibility and sound economic policies.
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