InvestmentWatch

New Haven, CT - In 1893, a massive financial panic sent demand for the Pullman Palace Car Company into a downward spiral. The luxury rail car company reacted by slashing workers’ wages and increasing their work load. After negotiations with ownership broke down the following year, the American Railway Union, in solidarity with Pullman factory workers, launched a boycott that eventually shut down railroads across the US. It was a full-scale [...]