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National Trades' Union
The National Trades' Union was the first federation of labor unions in the United States. It was established in 1834, but collapsed during the Panic of 1837 The Panic of 1837 was a financial crisis in the United States that touched off a major depression, which lasted until the mid-1840s. Profits, prices, and wages went down, westward expansion was stalled, unemployment went up, and pessimism abound .... History Under the federation, by 1836 around fifty unions had formed in Philadelphia, New York, Baltimore, Boston, Albany, Schenectady, Troy, Washington, D.C., Newark and New Brunswick, New Jersey; Cincinnati, Ohio; Pittsburgh, Pennsylvania; Louisville, Kentucky; and elsewhere. While some organized national unions within their crafts, most participated in citywide "trades' unions," which established the short-lived National Trades' Union in 1834 under the presidencies of first Ely Moore then John Commerford. The NTU collapsed with most of its constituent bodies during the pani ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labor Unions In The United States
Labor unions in the United States are organizations that represent workers in many industries recognized under US labor law since the 1935 enactment of the National Labor Relations Act. Their activity today centers on collective bargaining over wages, benefits, and working conditions for their membership, and on representing their members in disputes with management over violations of contract provisions. Larger trade unions also typically engage in lobbying activities and electioneering at the state and federal level. Most unions in the United States are aligned with one of two larger umbrella organizations: the AFL–CIO created in 1955, and the Change to Win Federation (current Strategic Organizing Center) (SOC) which split from the AFL–CIO in 2005. Both advocate policies and legislation on behalf of workers in the United States and Canada, and take an active role in politics. The AFL–CIO is especially concerned with global trade issues. The percentage of workers belonging ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Panic Of 1837
The Panic of 1837 was a financial crisis in the United States that touched off a major depression, which lasted until the mid-1840s. Profits, prices, and wages went down, westward expansion was stalled, unemployment went up, and pessimism abounded. The panic had both domestic and foreign origins. Speculative lending practices in the West, a sharp decline in cotton prices, a collapsing land bubble, international specie flows, and restrictive lending policies in Britain were all factors. The lack of a central bank to regulate fiscal matters, which President Andrew Jackson had ensured by not extending the charter of the Second Bank of the United States, was also key. This ailing economy of early 1837 led investors to panic – a bank run ensued – giving the crisis its name. The run came to a head on May 10, 1837, when banks in New York City ran out of gold and silver. They suspended specie payments and would no longer redeem commercial paper in specie at full face value. A signi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
