Word: nationalism
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Dates: during 1950-1959
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...week-old steel strike began to cramp the nation's economy. The Federal Reserve Board reported that during August alone, industrial production declined on the basis of the 1947-49 average from the June alltime record...
Personal income in August was also nipped by the strike, and fell to a seasonally adjusted annual rate of $381.4 billion, $2.6 billion below the July level of the nation's wage and salary payments. In five manufacturing industries closely allied to steel-primary metals, mining, transportation, fabricated metals and machinery-the August annual rate of personal income was down $3 billion from the July annual rate and $4.5 billion below the June rate. Since the steel strike started last July 15, an estimated 500,000 steelworkers and 155,000 workers laid off in allied industries have lost something...
Grey Market. Across the nation last week as manufacturers scrambled for steel, there was a growing grey market, with prices of some steels up to $250 a ton, almost double the list price. Layoffs caused by lack of steel continued to mount. General Electric Co. began laying off 1,400 workers in its heavy appliance manufacturing center at Louisville, said it will have to close down its entire operation employing 11,000 unless the steel strike ends within three weeks. Allis-Chalmers Manufacturing Co. last week laid off 521 workers at two Midwestern plants, will drop 1,200 more...
...nation's railroads, among the outside industries hardest hit by the strike, have lost 1,340,000 cars of freight since the strike began. Last week the Association of American Railroads estimated that the strike has cost the roads $320 million in revenues through Sept...
...after the night shift ends.) New England, the heart of smaller-sized duck-and candlepins. is giving way to the tenpin boom. Between them A.M.F. and Brunswick claim this year they will add some 25,000 new automatic pin-setting machines in bowling alleys across the nation...