Over a six-month period, over 8,000 businesses, 156 railroads, 400 banks failed, and 20% of Americans were unemployed By July of 1893, there was massive unemployment in factories and extensive wage cuts.... ... middle of paper ... ...currency. Disagreement over the proper approach to the issue caused deep political divides that further weakened peoples trust and faith in the government. Many viewed the government as weak and incompetent to handle the pressing issues of this decade. America not only faced domestic economic and social problems but also problems abroad. An enthusiastic imperial movement created resentment towards the US government as the US was committed atrocities overseas in an effort to maintain its colonies.
The period in American history between 1900 and 1920 was a very turbulent one. Civil unrest was brewing as a result of many pressures placed upon the working class. Although wealth was accumulating at an astonishing rate in America, most people at the lower economic levels were not benefiting from any of it. Worst of all for them, the federal government seemed to be on the side of the corporations. Their helpless situation and limited options is why the coal strike of 1902 is so important.
The labor movement as a whole experienced a major setback as a result of the violence which negatively resonated among the general public (McNamara, 2012). The goal to earn a shorter working day failed. For the AFL though, the Riot was not a complete failure. The Knights of Labor (KOL), the leading labor union at the time, took a fatal blow. Union members of the KOL were disappointed with the union’s leaders following the riot; consequently many joined the AFL (Holley, Jennings, & Wolters, 2009).
One of the biggest political issues, to me, is the Populist Party. I feel that the Great Railroad Strike of 1887 was a major issue because it made Americans realize just how deeply Americans were invested in the railroads. At the time, the biggest investment banking firm in America, Jay Cooke and Company, was pouring a disproportionate amount of depositors’ funds into the railroads. When Cooke’s firm failed, a big portion of the country was thrown into a frenzy; but the most effected were the railroads, in the way of 10% wage cuts, distrust of capitalists and poor working conditions. The railroads’ shortcomings went far from unnoticed by the workers, leading to many strikes, which prevented many trains from moving.
As soon as the war was over the mines returned back to private ownership and cuts in wages were announced immediately. The fall in mining productivity was due to lack of demand for coal abroad and mining was under no doubt that it was now highly uneconomical. ====================================================================== Due to the rapid fall in production the mine owners announced to the workers that their wages were to be reduced. The miners consequently went on strike to try and make the mine owners change their minds. Then the miners formed a TRIPLE ALLIANCE with the railway workers and transport workers (the National Union or Railwaymen and General Workers Union).
A successful strike by newspaper workers in 1829 for better wages and conditions resulted in the Masters and Servants Act being implemented which discriminated against the workers, who could be gaoled for minor revolts.Early in the colony, skilled labours were in short supply but in the 1840's after active promotion of emigrants by Britain this improved and a depression forced wages down and jobs were lost. With the discovery of gold, prices and wages rose, labour was scare and licenses imposed on miners and the Eureka incident occurred. Bust and boom economic conditions paroled surges recessions for unionism over the next few decades. The industrial union formed in the 1880's as a grouping of workers within an industry and across colonial and the Shearer's Union and small bush workers unions became the Australian Workers Union. Unions then looked to represent workers in Governments and the 1890's major strikes were held and the Labour Party was formed.With coming of Federation compulsory arbitration - settling of disputes between employer and employee by a third party - encouraged unionism, with unions representing the workers.
Commissions were set up to regulate Wall Street, the banking industry and other business enterprises. The U.S. became a nation of high expectation of government, in terms of control, insurance and welfare. Although more than any thing the citizens of the U.S. wanted change, change from what had brought them so much misery not to many years ago. John L. Lewis, labor leader in the AFL in the 1935, sensed this need for change, in a new form of unionism, industrial unionism. Just over 10 years earlier unionism had suffered its biggest defeat, with the success of government and employer "union-busting".
The Great Railroad Strike In the first half of the 19th Century the working class in the newly industrializing American society suffered many forms of exploitation. The working class of the mid-nineteenth century, with constant oppression by the capitalist and by the division between class, race, and ethnicity, made it difficult to form solidarity. After years of oppression and exploitation by the ruling class, the working class struck back and briefly paralyzed American commerce. The strike, which only lasted a few weeks, was the spark needed to ignite a national revolt by the working class with the most violent labor upheavals of the century. Railroads were the big business of the mid-nineteenth century.
On July 18, 1877 there was an editorial about the Railroad Strike of 1877. It stated that “The strike is apparently hopeless, and must be regarded as nothing more than a rash and spiteful demonstration of resentment by men too ignorant… to understand their own interests.” (Document B). This document proves that the Railroad Strike was not making a dent in the workers conditions. The strikers are the workers and because they are on strike they are not working which means no income. They do all this and they get nothing out of the strike, again proving that the labor union was unsuccessful.
Black Thursday has variously been used for days of devastating brush fires, bombings and athletic defeats, among other unpleasantness. (The New York Times.) The Stock Market Crash of 1929 was a major event in history of The United States affecting thousands of people’s lives. Also changing the way we manage stocks today in the U.S. People back then were forced to sell properties, and personal belongings to stay alive during this time. The people fought through it and made the proper sacrifices to stay alive through the ordeal.