Courtesy of Green Dot Stables
Its auto industry, which helped build America's middle class, needed multiple government bailouts.
Unemployment rose to 20% in the city in 2011, but could have been as high as 50% if you include people who stopped looking for work.
But every bad situation has a silver lining. The lack of enterprise and abundance of failed businesses left great opportunities for newer and cooler businesses.
From restaurants and bars to bike shops and tech