Honors Seminar
10 May 2005
From Wagner to Taft-Hartley: The Rise and Fall of Labor
On 29 October 1929, hence referred to as “Black Tuesday,” a record 16 million shares were traded and $30 billion vanished as the stock market collapsed. The event signaled the beginning of the Great Depression, the worst economic crisis in the nation’s history. The impact on American workers was immediate and devastating. An estimated 2.5 million people were jobless within the first two weeks of the crash, and by January 1931, the figure had risen to 8 million (Piven & Cloward, 1979, 45-46). In 1932, Franklin Delano Roosevelt was elected President on the strength of his bold new vision of how modern government should operate, as well as its relationship with the individual. His philosophy of New Deal Liberalism sought to redefine the social contract between the individual and government. Appealing to the great masses of unemployed Americans, Roosevelt spoke of a new “economic......

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Title: From Wagner To Taft-Hartley: The Rise And Fall Of Labor
Approximate Word Count: 6565
Approximate Pages: 27 (250 words per double-spaced page)

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