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Once a predominantly industrial town, with an economic base focused on steel processing, shipping, auto manufacturing, and transportation, the city experienced deindustrialization which cost residents tens of thousands of low-skill, high-wage jobs.
The city now relies on a low-wage service economy, which accounts for 90% of jobs in the city.
Baltimore's history and attractions have allowed the city to become a strong tourist destination on the East Coast.
In 2013, the city hosted 23.9 million visitors, who spent $5.15 billion.