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Chicago and its suburbs is home to 35 Fortune 500 companies and is a transportation and distribution center. Manufacturing, printing, publishing, insurance, transportation, financial trading and services, and food processing also play major roles in the city's economy.
Shrinking cities or urban depopulation are dense cities that have experienced a notable population loss. Emigration is a common reason for city shrinkage. Since the infrastructure of such cities was built to support a larger population, its maintenance can become a serious concern.
A 1903 Pittsburgh Press front page highlighted the city's being a focus point for three different railroads. [30] In 1911 the city was being referred to as the "Stogie capital of the nation" with several high quality cigar manufacturers located in the region. [31] Pittsburgh produced around one third of the national output of steel by the 1920s.
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Soon it developed into the Factory Belt with its manufacturing cities: Chicago, Buffalo, Detroit, Milwaukee, Cincinnati, Toledo, Cleveland, St. Louis, Youngstown, and Pittsburgh, among others. This region for decades served as a magnet for immigrants from Austria-Hungary , Poland , and Russia , as well as Yugoslavia , Italy , and the Levant in ...
The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it ...
The Census Bureau created the metropolitan district for the 1910 census as a standardized classification for large urban centers and their surrounding areas. The original threshold for a metropolitan district was 200,000, but was lowered to 100,000 in 1930 and 50,000 in 1940. [12]