Michigan’s economy is caught in a perilous tug of war between boom and bust. On one hand, the state has seen a surge in employment, with nearly a quarter of a million more people working in 1959 compared to the previous year. Those who are employed are also earning more, with automobile production skyrocketing by a half million units ahead of the same period in 1958. The state has even gained 37 new industries, offsetting a loss of 35, resulting in a net gain of 2.
Related Federal Cases
Key Facts
- State: Michigan
- Category: Fraud & Financial Crimes
- Era: Historical
- Source: Library of Congress — Chronicling America ↗
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