Tuesday, October 29, 2013

Today in Labor History

Wall Street crashes—"Black Tuesday"—throwing the world's economy into a years-long crisis including an unemployment rate in the U.S. that by 1933 hit nearly 25 percent - 1929

(Economics for Everyone: A Short Guide to Capitalism: Jim Stanford, an economist in the research department of the Canadian Auto Workers, thinks economics is too important to be left to economists. So, he wrote this concise and readable book to provide nonspecialist readers with all the information they need to understand how capitalism works – and how it doesn’t.  This is an antidote to the abstract and ideological way that economics is normally taught and reported. Key concepts such as finance, competition and wage labor are explored, and their importance in everyday life is revealed.)

October 28
The Gateway Arch, a 630-foot high parabola of stainless steel marking the Jefferson National Expansion Memorial on the waterfront of St. Louis, Mo., is completed after two and one-half years. Although it was predicted 13 lives would be lost in construction, not a single Ironworker died - 1965

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