Labor history Oct 19 forced to sign its first union contract after a 17-year struggle, Black Monday

[Omaha Steve]

October 19


The J.P. Stevens textile company is forced to sign its first union contract after a 17-year struggle in North Carolina and other southern states - 1980

October 19, 1987 - Became known as “Black Monday” after the Dow Jones industrial average plummeted 508 points, four times the size of any previous fall. The crash interrupted what had been a record-setting bull run in the market. Analysts attributed it to a variety of factors, including the computer system used for trading. By the early 1990s, however, the stock market had recovered from the freefall and was again setting records.

Labor history found here: http://www.unionist.com/big-labor/today-in-labor-history & here: http://www.workdayminnesota.org/index.php?history_9_10_19_2011