Deindustrialization in the context of Automotive industry crisis of 2008–2010


Deindustrialization in the context of Automotive industry crisis of 2008–2010

⭐ Core Definition: Deindustrialization

Deindustrialization is a process of social and economic change caused by the removal or reduction of industrial capacity or activity in a country or region, especially of heavy industry or manufacturing industry.

There are different interpretations of what deindustrialization is. Many associate American deindustrialization with the mass closing of automaker plants in the now so-called Rust Belt between 1980 and 1990. The U.S. Federal Reserve raised interest and exchange rates beginning in 1979, and continuing until 1984, which automatically caused import prices to fall. Japan was rapidly expanding productivity during this time, and this decimated the US machine tool sector. A second wave of deindustrialization occurred between 2001 and 2009, culminating in the automaker bailout of GM and Chrysler.

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Deindustrialization in the context of Harlem

Harlem is a neighborhood in Upper Manhattan, New York City. It is bounded roughly by the Hudson River on the west; the Harlem River and 155th Street on the north; Fifth Avenue on the east; and 110th Street on the south. The greater Harlem area encompasses several other neighborhoods and extends west and north to 155th Street, east to the East River, and south to Martin Luther King Jr. Boulevard, Central Park, and East 96th Street.

Originally a Dutch village, formally organized in 1658, it is named after the city of Haarlem in the Netherlands. Harlem's history has been defined by a series of economic boom-and-bust cycles, with significant population shifts accompanying each cycle. Harlem was predominantly occupied by Jewish and Italian Americans in the late 19th century, while African-American residents began to arrive in large numbers during the Great Migration in the early 20th century. In the 1920s and 1930s, Central and West Harlem were the center of the Harlem Renaissance, a major African-American cultural movement. With job losses during the Great Depression of the 1930s and the deindustrialization of New York City after World War II, rates of crime and poverty increased significantly. In the 21st century, crime rates decreased significantly, and Harlem started to gentrify.

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Deindustrialization in the context of Buffalo, New York

Buffalo is a city in the U.S. state of New York. It lies in Western New York at the eastern end of Lake Erie and at the head of the Niagara River on the Canada–United States border. It is the second-most populous city in New York, with a population of 278,349 at the 2020 census. The Buffalo–Niagara Falls metropolitan area, with over 1.16 million residents, is the 51st-largest metropolitan area in the United States. Buffalo is the county seat of Erie County.

Before the 17th century, the region was inhabited by nomadic Paleo-Indians who were succeeded by the Neutral, Erie, and Iroquois nations. In the early 17th century, the French began to explore the region. In the 18th century, Iroquois land surrounding Buffalo Creek was ceded through the Holland Land Purchase, and a small village was established at its headwaters. Buffalo was selected as the terminus of the Erie Canal in 1825, which led to its incorporation in 1832 and stimulated its growth as the primary inland port between the Great Lakes and Atlantic Ocean. Transshipment made Buffalo the world's largest grain port in that era. After the coming of railroads greatly reduced the canal's importance, the city became the second-largest railway hub (after Chicago), and the city came to be dominated by steel production by the 20th century. Later, deindustrialization and the opening of the St. Lawrence Seaway saw the city's economy decline and diversify. It developed its service industries, such as health care, retail, tourism, logistics, and education, while retaining some manufacturing.

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Deindustrialization in the context of Kymenlaakso

Kymenlaakso (Finnish: [ˈkymenˌlɑːkso]; Swedish: Kymmenedalen; lit. "Kymi/Kymmene Valley") is a region in Finland. It borders the regions of Uusimaa, Päijät-Häme, South Savo and South Karelia and Russia (Leningrad Oblast). Its name means literally The Valley of River Kymi. Kymijoki is one of the biggest rivers in Finland with a drainage basin with 11% of the area of Finland. The city of Kotka with 51,000 inhabitants is located at the delta of River Kymi and has the most important import harbour in Finland. Other cities are Kouvola further in the inland which has after a municipal merger 81,000 inhabitants and the old bastion town Hamina.

Kymenlaakso was one of the first industrialized regions of Finland. It became the most important region for paper and pulp industry in Finland. Since the late 1900s many plants have closed, which has caused some deindustrialization, unemployment and population decline in Kymenlaakso, especially in those communities that were built around plants in Kouvola.

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Deindustrialization in the context of Massachusetts Miracle

The Massachusetts Miracle was a period of economic growth in Massachusetts during most of the 1980s. Before then, the state had been hit hard by deindustrialization and resulting unemployment. During the Miracle, the unemployment rate fell from more than 12% in 1975 to less than 3%, which was accompanied by tax reductions and a drastic increase in personal income.

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Deindustrialization in the context of Teesside

Teesside (/ˈtsd/) is an urban area around the River Tees in North East England. Straddling the border between County Durham and North Yorkshire, it spans the boroughs of Middlesbrough, Stockton-on-Tees and Redcar and Cleveland. In 2011, it was the eighteenth-largest urban area in the United Kingdom. It forms part of the wider Tees Valley area, which also includes the boroughs of Darlington and Hartlepool.

Towns on Teesside include Middlesbrough, Stockton-on-Tees, Billingham, Redcar, Thornaby-on-Tees, and Ingleby Barwick. The local economy was once dominated by heavy manufacturing until deindustrialisation in the latter half of the 20th century.

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Deindustrialization in the context of Biocentrism (ethics)

Biocentrism (from Greek βίος bios, "life" and κέντρον kentron, "center"), in a political and ecological sense, as well as literally, is an ethical point of view that extends equal inherent value to all living things. It is an understanding of how the earth works, particularly as it relates to its biosphere or biodiversity. It stands in contrast to anthropocentrism, which centers on the value of humans. The related ecocentrism extends inherent value to the whole of nature.

Advocates of biocentrism often promote the preservation of biodiversity, animal rights, and environmental protection. The term has also been employed by advocates of "left biocentrism", which combines deep ecology with an "anti-industrial and anti-capitalist" position (according to David Orton et al.).

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Deindustrialization in the context of Rust Belt

The Rust Belt, formerly the Steel Belt or Factory Belt, is an area of the United States that underwent substantial industrial decline in the late 20th century. The region is centered in the Great Lakes and Mid Atlantic regions of the United States. Common definitions of the Rust Belt include Ohio, Indiana, Northern Illinois, southeastern Wisconsin, Michigan, Pennsylvania, and Upstate New York. Some broader geographic definitions of the region include parts of Central Illinois, Iowa, Kentucky, Maryland, Minnesota, Missouri, New Jersey, and West Virginia. The term "Rust Belt" is considered to be a pejorative by some people in the region.

Between the late 19th century and late 20th century, the Rust Belt formed the industrial heartland of the country, and its economies were largely based on iron and steel, automobile manufacturing, coal mining, and the processing of raw materials. The term "Rust Belt", derived from the substance rust, refers to the socially corrosive effects of economic decline, population loss, and urban decay attributable to deindustrialization. The term gained popularity in the U.S. beginning in the 1980s, when it was commonly contrasted with the Sun Belt, whose economy was then thriving.

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Deindustrialization in the context of Sunderland Docks

Sunderland Docks is an area of Sunderland, Tyne and Wear, England. Home to the Port of Sunderland, the docks have access to the North Sea. Sunderland City Council took over the port in 1972 and since then deindustrialisation has caused the port to decline.

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Deindustrialization in the context of New Great Migration

The New Great Migration is the demographic change from 1970 to the present, which is a reversal of the previous 60-year trend of black migration within the United States.

Since 1970, deindustrialization of cities in the Northeastern and Midwestern United States, growth of jobs in the "New South" with lower costs of living, desire to reunite with family, cultural ties, the perception of lessening discrimination and religious connections have all acted to attract African Americans to the Southern United States in substantial numbers. Between 1965 and 1970 around 287,000 African Americans left the Southern United States, while from 1975 to 1980, it is estimated 109,000 African Americans migrated to the Southern United States, showing the reversal of the original Great Migration. Between 1975 and 1980, several Southern states saw net African American migration gains. In 2014, African American millennials moved in the highest numbers to Texas, Georgia, Florida, and North Carolina. African American populations have continued to drop throughout much of the Northeast, especially from the state of New York and from northern New Jersey, as they rise in the South. In Massachusetts, even though the black population saw a net increase between 2010 and 2020, the Greater Boston area lost approximately 8,800 black residents and Massachusetts lost an average of 11,700 black residents per year from 2015 to 2020, with approximately half moving to Southern states and Georgia and Florida being the most popular destinations.

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