In 2009, the U.S. government paid $50 billion to bail out Detroit-based automaker General Motors. In the end, the government would end up losing $11.2 billion on the deal.
Government efforts saved 1.5 million jobs in the United States and a sizable portion of an industry that helped define America in the twentieth century.
As part of the auto industry's upheaval in the wake of the Great Recession, the United Automobile Workers (UAW) made sacrifices in contracts to help put the company on a solid footing after the government bailout.
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