Home > North America > United States of America > Michigan > Detroit
GM1E97K0HDW01
Wall Art and Photo Gifts from Reuters
GM1E97K0HDW01
A man walks past a vacant, boarded-up home surrounded by overgrown grass in a once vibrant neighborhood, near downtown Detroit, Michigan July 19, 2013. Investors dumped Detroits municipal bonds a day after the citys historic bankruptcy filing even as a ruling in state court raised questions about whether the bankruptcy will stand up to court review. Attempts by Michigan Governor Rick Snyder and Detroits Emergency Manager Kevyn Orr to put a positive spin on the filing failed to reassure investors. Prices on some Detroit bonds plunged and there were wider declines in the $3.7 trillion U.S. municipal bond market. REUTERS/ Rebecca Cook (UNITED STATES - Tags: BUSINESS POLITICS) - RTX11SDF
Reuters photo archive features some of the most dramatic and iconic moments ever captured
Media ID 8746401
FEATURES IN THESE COLLECTIONS
> North America
> United States of America
> Michigan
> Detroit
> Reuters Images
> Reuters
> USA
> Reuters Images
> USA
EDITORS COMMENTS
This poignant photo captures the aftermath of Detroit's historic bankruptcy filing in 2013. In a once vibrant neighborhood near downtown, a man walks past a vacant, boarded-up home surrounded by overgrown grass. The image serves as a stark reminder of the economic decline and urban decay that plagued the city during this tumultuous period. Investors reacted swiftly to the news of Detroit's bankruptcy, dumping its municipal bonds and causing widespread panic in the $3.7 trillion U. S. municipal bond market. Despite attempts by Michigan Governor Rick Snyder and Emergency Manager Kevyn Orr to instill confidence in the situation, their efforts failed to reassure investors. The dilapidated state of this abandoned house symbolizes not only financial ruin but also shattered dreams and lost hope for many residents who once called this neighborhood home. It stands as a testament to the challenges faced by cities grappling with economic crises and highlights the urgent need for revitalization efforts. Photographer Rebecca Cook skillfully captures both the desolation of Detroit's landscape and its broader implications on business and politics. This thought-provoking image invites viewers to reflect on larger issues such as urban blight, socioeconomic disparities, and government intervention while reminding us that behind every statistic lies real people whose lives have been profoundly affected by these events.
MADE IN THE USA
Safe Shipping with 30 Day Money Back Guarantee
FREE PERSONALISATION*
We are proud to offer a range of customisation features including Personalised Captions, Color Filters and Picture Zoom Tools
SECURE PAYMENTS
We happily accept a wide range of payment options so you can pay for the things you need in the way that is most convenient for you
* Options may vary by product and licensing agreement. Zoomed Pictures can be adjusted in the Cart.
